Latch 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 Latch is about $861 per month. This puts it in the 49th percentile compared to the state average cost of rent, which is $1,261. Households in Latch have a median income of $4,401 per month so the average renter in Latch is spending roughly 20% of their earnings on housing.
Nationally, and in Latch, home values are the data point most closely correlated with the cost of rent. The median price of a home in Latch is $169,098 right now, which is higher than nearby cities, meaning that rents in Latch also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Latch while lower rent rates are often available in eastern areas.
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