Oak Ridge North 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 North is about $1,909 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,261. Households in Oak Ridge North have a median income of $8,565 per month so the average renter in Oak Ridge North is spending roughly 22% of their earnings on housing.
Nationally, and in Oak Ridge North, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oak Ridge North is $237,109 right now, which is lower than nearby cities, meaning that rents in Oak Ridge North also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Oak Ridge North while lower rent rates are often available in southeastern areas.
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