North Salem 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 North Salem is about $1,997 per month. This puts it in the 92nd percentile compared to the state average cost of rent, which is $1,514. Households in North Salem have a median income of $13,215 per month so the average renter in North Salem is spending roughly 15% of their earnings on housing.
Nationally, and in North Salem, home values are the data point most closely correlated with the cost of rent. The median price of a home in North Salem is $571,382 right now, which is lower than nearby cities, meaning that rents in North Salem also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of North Salem while lower rent rates are often available in northwestern areas.
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