Chimney Lakes 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 Chimney Lakes is about $1,560 per month. This puts it in the 69th percentile compared to the city average cost of rent, which is $1,410. Households in Chimney Lakes have a median income of $6,599 per month so the average renter in Chimney Lakes is spending roughly 24% of their earnings on housing.
Nationally, and in Chimney Lakes, home values are the data point most closely correlated with the cost of rent. The median price of a home in Chimney Lakes is $217,271 right now, which is higher than nearby neighborhoods, meaning that rents in Chimney Lakes also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Chimney Lakes while lower rent rates are often available in southwestern areas.
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