Chatham Hill 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 Chatham Hill is about $798 per month. This puts it in the 40th percentile compared to the state average cost of rent, which is $1,444. Households in Chatham Hill have a median income of $4,009 per month so the average renter in Chatham Hill is spending roughly 20% of their earnings on housing.
Nationally, and in Chatham Hill, home values are the data point most closely correlated with the cost of rent. The median price of a home in Chatham Hill is $77,832 right now, which is lower than nearby cities, meaning that rents in Chatham Hill also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Chatham Hill while lower rent rates are often available in eastern areas.
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