Bear Canyon 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 Bear Canyon is about $1,428 per month. This puts it in the 67th percentile compared to the city average cost of rent, which is $1,162. Households in Bear Canyon have a median income of $7,258 per month so the average renter in Bear Canyon is spending roughly 20% of their earnings on housing.
Nationally, and in Bear Canyon, home values are the data point most closely correlated with the cost of rent. The median price of a home in Bear Canyon is $417,209 right now, which is higher than nearby neighborhoods, meaning that rents in Bear Canyon also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Bear Canyon while lower rent rates are often available in northern areas.
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