Mendenhall Valley 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 Mendenhall Valley is about $1,463 per month. This puts it in the 54th percentile compared to the city average cost of rent, which is $1,369. Households in Mendenhall Valley have a median income of $8,212 per month so the average renter in Mendenhall Valley is spending roughly 18% of their earnings on housing.
Nationally, and in Mendenhall Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mendenhall Valley is $316,655 right now, which is lower than nearby neighborhoods, meaning that rents in Mendenhall Valley also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Mendenhall Valley while lower rent rates are often available in western areas.
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