Ojo Caliente 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 Ojo Caliente is about $1,268 per month. This puts it in the 96th percentile compared to the state average cost of rent, which is $961. Households in Ojo Caliente have a median income of $5,291 per month so the average renter in Ojo Caliente is spending roughly 24% of their earnings on housing.
Nationally, and in Ojo Caliente, home values are the data point most closely correlated with the cost of rent. The median price of a home in Ojo Caliente is $159,582 right now, which is higher than nearby cities, meaning that rents in Ojo Caliente also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Ojo Caliente while lower rent rates are often available in northern areas.
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