Mid Wilshire 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 Mid Wilshire is about $1,754 per month. This puts it in the 40th percentile compared to the city average cost of rent, which is $2,032. Households in Mid Wilshire have a median income of $6,020 per month so the average renter in Mid Wilshire is spending roughly 29% of their earnings on housing.
Nationally, and in Mid Wilshire, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mid Wilshire is $1,013,388 right now, which is higher than nearby neighborhoods, meaning that rents in Mid Wilshire also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Mid Wilshire while lower rent rates are often available in northeastern areas.
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