Loch Raven Village 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 Loch Raven Village is about $1,365 per month. This puts it in the 52nd percentile compared to the city average cost of rent, which is $1,319. Households in Loch Raven Village have a median income of $6,943 per month so the average renter in Loch Raven Village is spending roughly 20% of their earnings on housing.
Nationally, and in Loch Raven Village, home values are the data point most closely correlated with the cost of rent. The median price of a home in Loch Raven Village is $176,673 right now, which is lower than nearby neighborhoods, meaning that rents in Loch Raven Village also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Loch Raven Village while lower rent rates are often available in central areas.
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