El Paso 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 Paso is about $1,021 per month. This puts it in the 72nd percentile compared to the state average cost of rent, which is $1,261. Households in El Paso have a median income of $5,077 per month so the average renter in El Paso is spending roughly 20% of their earnings on housing.
Nationally, and in El Paso, home values are the data point most closely correlated with the cost of rent. The median price of a home in El Paso is $144,657 right now, which is higher than nearby cities, meaning that rents in El Paso also tend to be higher versus these nearby cities.
Higher rent prices are common in the eastern parts of El Paso while lower rent rates are often available in southwestern areas.
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