Berea 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 Berea is about $904 per month. This puts it in the 5th percentile compared to the city average cost of rent, which is $1,611. Households in Berea have a median income of $4,168 per month so the average renter in Berea is spending roughly 22% of their earnings on housing.
Nationally, and in Berea, home values are the data point most closely correlated with the cost of rent. The median price of a home in Berea is $93,402 right now, which is lower than nearby neighborhoods, meaning that rents in Berea also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Berea while lower rent rates are often available in central areas.
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