Bala Cynwyd renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Bala Cynwyd is about $1,850 per month. This puts it in the 98th percentile compared to the city average cost of rent, which is $1,745. Households in Bala Cynwyd have a median income of $14,150 per month so the average renter in Bala Cynwyd is spending roughly 13% of their earnings on housing.
Nationally, and in Bala Cynwyd, home values are the data point most closely correlated with the cost of rent. The median price of a home in Bala Cynwyd is $549,353 right now, which is higher than nearby neighborhoods, meaning that rents in Bala Cynwyd also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Bala Cynwyd while lower rent rates are often available in southern areas.
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