Christchurch 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 Christchurch is about $824 per month. This puts it in the 44th percentile compared to the state average cost of rent, which is $1,444. Households in Christchurch have a median income of $2,660 per month so the average renter in Christchurch is spending roughly 31% of their earnings on housing.
Nationally, and in Christchurch, home values are the data point most closely correlated with the cost of rent. The median price of a home in Christchurch is $223,700 right now, which is lower than nearby cities, meaning that rents in Christchurch also tend to be lower versus these nearby cities.
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