Goleta 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 Goleta is about $2,137 per month. This puts it in the 83rd percentile compared to the state average cost of rent, which is $1,958. Households in Goleta have a median income of $7,025 per month so the average renter in Goleta is spending roughly 30% of their earnings on housing.
Nationally, and in Goleta, home values are the data point most closely correlated with the cost of rent. The median price of a home in Goleta is $822,596 right now, which is lower than nearby cities, meaning that rents in Goleta also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Goleta while lower rent rates are often available in northwestern areas.
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