Pasadena 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 Pasadena is about $1,989 per month. This puts it in the 79th percentile compared to the state average cost of rent, which is $1,958. Households in Pasadena have a median income of $8,656 per month so the average renter in Pasadena is spending roughly 23% of their earnings on housing.
Nationally, and in Pasadena, home values are the data point most closely correlated with the cost of rent. The median price of a home in Pasadena is $890,533 right now, which is lower than nearby cities, meaning that rents in Pasadena also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Pasadena while lower rent rates are often available in northwestern areas.
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