Glen Elder 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 Glen Elder is about $1,377 per month. This puts it in the 16th percentile compared to the city average cost of rent, which is $1,641. Households in Glen Elder have a median income of $4,190 per month so the average renter in Glen Elder is spending roughly 33% of their earnings on housing.
Nationally, and in Glen Elder, home values are the data point most closely correlated with the cost of rent. The median price of a home in Glen Elder is $297,567 right now, which is higher than nearby neighborhoods, meaning that rents in Glen Elder also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Glen Elder while lower rent rates are often available in southeastern areas.
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