Novato 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 Novato is about $2,314 per month. This puts it in the 88th percentile compared to the state average cost of rent, which is $1,958. Households in Novato have a median income of $9,991 per month so the average renter in Novato is spending roughly 23% of their earnings on housing.
Nationally, and in Novato, home values are the data point most closely correlated with the cost of rent. The median price of a home in Novato is $830,981 right now, which is lower than nearby cities, meaning that rents in Novato also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Novato while lower rent rates are often available in southeastern areas.
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