Del Rey 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 Del Rey is about $879 per month. This puts it in the 12th percentile compared to the state average cost of rent, which is $1,958. Households in Del Rey have a median income of $4,330 per month so the average renter in Del Rey is spending roughly 20% of their earnings on housing.
Nationally, and in Del Rey, home values are the data point most closely correlated with the cost of rent. The median price of a home in Del Rey is $237,125 right now, which is lower than nearby cities, meaning that rents in Del Rey also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Del Rey while lower rent rates are often available in central areas.
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