Monte Sereno 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 Monte Sereno is about $2,697 per month. This puts it in the 94th percentile compared to the state average cost of rent, which is $1,958. Households in Monte Sereno have a median income of $19,107 per month so the average renter in Monte Sereno is spending roughly 14% of their earnings on housing.
Nationally, and in Monte Sereno, home values are the data point most closely correlated with the cost of rent. The median price of a home in Monte Sereno is $1,997,625 right now, which is higher than nearby cities, meaning that rents in Monte Sereno also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Monte Sereno while lower rent rates are often available in southwestern areas.
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