Lely Resort 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 Lely Resort is about $1,473 per month. This puts it in the 63rd percentile compared to the city average cost of rent, which is $1,729. Households in Lely Resort have a median income of $7,781 per month so the average renter in Lely Resort is spending roughly 19% of their earnings on housing.
Nationally, and in Lely Resort, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lely Resort is $738,056 right now, which is higher than nearby neighborhoods, meaning that rents in Lely Resort also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Lely Resort while lower rent rates are often available in western areas.
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