Lincoln-Lemington-Belmar 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 Lincoln-Lemington-Belmar is about $896 per month. This puts it in the 19th percentile compared to the city average cost of rent, which is $1,004. Households in Lincoln-Lemington-Belmar have a median income of $2,895 per month so the average renter in Lincoln-Lemington-Belmar is spending roughly 31% of their earnings on housing.
Nationally, and in Lincoln-Lemington-Belmar, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lincoln-Lemington-Belmar is $105,452 right now, which is lower than nearby neighborhoods, meaning that rents in Lincoln-Lemington-Belmar also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Lincoln-Lemington-Belmar while lower rent rates are often available in eastern areas.
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