Oak Ridge 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 Oak Ridge is about $742 per month. This puts it in the 58th percentile compared to the state average cost of rent, which is $952. Households in Oak Ridge have a median income of $5,226 per month so the average renter in Oak Ridge is spending roughly 14% of their earnings on housing.
Nationally, and in Oak Ridge, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oak Ridge is $159,608 right now, which is higher than nearby cities, meaning that rents in Oak Ridge also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Oak Ridge while lower rent rates are often available in central areas.
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