Laurel Hollow 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 Laurel Hollow is about $2,789 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,514. Households in Laurel Hollow have a median income of $20,833 per month so the average renter in Laurel Hollow is spending roughly 13% of their earnings on housing.
Nationally, and in Laurel Hollow, home values are the data point most closely correlated with the cost of rent. The median price of a home in Laurel Hollow is $1,369,969 right now, which is higher than nearby cities, meaning that rents in Laurel Hollow also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Laurel Hollow while lower rent rates are often available in eastern areas.
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