Cottonwood Shores 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 Cottonwood Shores is about $887 per month. This puts it in the 54th percentile compared to the state average cost of rent, which is $1,261. Households in Cottonwood Shores have a median income of $3,928 per month so the average renter in Cottonwood Shores is spending roughly 23% of their earnings on housing.
Nationally, and in Cottonwood Shores, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cottonwood Shores is $170,086 right now, which is lower than nearby cities, meaning that rents in Cottonwood Shores also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Cottonwood Shores while lower rent rates are often available in central areas.
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