Cheyney 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 Cheyney is about $1,902 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,115. Households in Cheyney have a median income of $10,930 per month so the average renter in Cheyney is spending roughly 17% of their earnings on housing.
Nationally, and in Cheyney, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cheyney is $647,497 right now, which is higher than nearby cities, meaning that rents in Cheyney also tend to be higher versus these nearby cities.
Higher rent prices are common in the northern parts of Cheyney while lower rent rates are often available in eastern areas.
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