Cherry Hills Village 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 Cherry Hills Village is about $1,413 per month. This puts it in the 72nd percentile compared to the state average cost of rent, which is $1,571. Households in Cherry Hills Village have a median income of $20,374 per month so the average renter in Cherry Hills Village is spending roughly 7% of their earnings on housing.
Nationally, and in Cherry Hills Village, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cherry Hills Village is $1,841,067 right now, which is higher than nearby cities, meaning that rents in Cherry Hills Village also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Cherry Hills Village while lower rent rates are often available in central areas.
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