Chaparral 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 Chaparral is about $756 per month. This puts it in the 56th percentile compared to the state average cost of rent, which is $961. Households in Chaparral have a median income of $3,391 per month so the average renter in Chaparral is spending roughly 22% of their earnings on housing.
Nationally, and in Chaparral, home values are the data point most closely correlated with the cost of rent. The median price of a home in Chaparral is $88,921 right now, which is lower than nearby cities, meaning that rents in Chaparral also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Chaparral while lower rent rates are often available in central areas.
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