Putnam Valley 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 Putnam Valley is about $1,945 per month. This puts it in the 91st percentile compared to the state average cost of rent, which is $1,514. Households in Putnam Valley have a median income of $11,101 per month so the average renter in Putnam Valley is spending roughly 18% of their earnings on housing.
Nationally, and in Putnam Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Putnam Valley is $412,065 right now, which is lower than nearby cities, meaning that rents in Putnam Valley also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Putnam Valley while lower rent rates are often available in western areas.
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