El Dorado Park 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 El Dorado Park is about $2,683 per month. This puts it in the 88th percentile compared to the city average cost of rent, which is $1,665. Households in El Dorado Park have a median income of $12,755 per month so the average renter in El Dorado Park is spending roughly 21% of their earnings on housing.
Nationally, and in El Dorado Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in El Dorado Park is $775,794 right now, which is higher than nearby neighborhoods, meaning that rents in El Dorado Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of El Dorado Park while lower rent rates are often available in northwestern areas.
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