Eldorendo 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 Eldorendo is about $793 per month. This puts it in the 50th percentile compared to the state average cost of rent, which is $1,233. Households in Eldorendo have a median income of $4,551 per month so the average renter in Eldorendo is spending roughly 17% of their earnings on housing.
Nationally, and in Eldorendo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Eldorendo is $125,932 right now, which is higher than nearby cities, meaning that rents in Eldorendo also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Eldorendo while lower rent rates are often available in northern areas.
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