Oakland Beach 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 Oakland Beach is about $1,342 per month. This puts it in the 88th percentile compared to the city average cost of rent, which is $1,221. Households in Oakland Beach have a median income of $6,505 per month so the average renter in Oakland Beach is spending roughly 21% of their earnings on housing.
Nationally, and in Oakland Beach, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oakland Beach is $220,444 right now, which is lower than nearby neighborhoods, meaning that rents in Oakland Beach also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Oakland Beach while lower rent rates are often available in southeastern areas.
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