Rancho El Dorado 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 Rancho El Dorado is about $1,610 per month. This puts it in the 79th percentile compared to the city average cost of rent, which is $1,595. Households in Rancho El Dorado have a median income of $8,718 per month so the average renter in Rancho El Dorado is spending roughly 18% of their earnings on housing.
Nationally, and in Rancho El Dorado, home values are the data point most closely correlated with the cost of rent. The median price of a home in Rancho El Dorado is $244,611 right now, which is lower than nearby neighborhoods, meaning that rents in Rancho El Dorado also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Rancho El Dorado while lower rent rates are often available in northwestern areas.
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