Red Diamond 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 Red Diamond is about $633 per month. This puts it in the 10th percentile compared to the state average cost of rent, which is $964. Households in Red Diamond have a median income of $4,732 per month so the average renter in Red Diamond is spending roughly 13% of their earnings on housing.
Nationally, and in Red Diamond, home values are the data point most closely correlated with the cost of rent. The median price of a home in Red Diamond is $119,528 right now, which is higher than nearby cities, meaning that rents in Red Diamond also tend to be higher versus these nearby cities.
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