Cornell 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 Cornell is about $2,593 per month. This puts it in the 92nd percentile compared to the state average cost of rent, which is $1,958. Households in Cornell have a median income of $8,349 per month so the average renter in Cornell is spending roughly 31% of their earnings on housing.
Nationally, and in Cornell, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cornell is $1,171,084 right now, which is lower than nearby cities, meaning that rents in Cornell also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Cornell while lower rent rates are often available in central areas.
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