Lodo 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 Lodo is about $1,934 per month. This puts it in the 86th percentile compared to the city average cost of rent, which is $1,782. Households in Lodo have a median income of $8,484 per month so the average renter in Lodo is spending roughly 23% of their earnings on housing.
Nationally, and in Lodo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lodo is $692,392 right now, which is higher than nearby neighborhoods, meaning that rents in Lodo also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Lodo while lower rent rates are often available in northern areas.
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