Belmont 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 Belmont is about $1,786 per month. This puts it in the 90th percentile compared to the city average cost of rent, which is $1,571. Households in Belmont have a median income of $8,132 per month so the average renter in Belmont is spending roughly 22% of their earnings on housing.
Nationally, and in Belmont, home values are the data point most closely correlated with the cost of rent. The median price of a home in Belmont is $301,211 right now, which is lower than nearby neighborhoods, meaning that rents in Belmont also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Belmont while lower rent rates are often available in eastern areas.
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