Lankershim 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 Lankershim is about $1,188 per month. This puts it in the 7th percentile compared to the city average cost of rent, which is $1,555. Households in Lankershim have a median income of $4,184 per month so the average renter in Lankershim is spending roughly 28% of their earnings on housing.
Nationally, and in Lankershim, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lankershim is $166,203 right now, which is lower than nearby neighborhoods, meaning that rents in Lankershim also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Lankershim while lower rent rates are often available in central areas.
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