Redwood Heights 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 Redwood Heights is about $2,515 per month. This puts it in the 81st percentile compared to the city average cost of rent, which is $1,837. Households in Redwood Heights have a median income of $12,088 per month so the average renter in Redwood Heights is spending roughly 21% of their earnings on housing.
Nationally, and in Redwood Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Redwood Heights is $906,746 right now, which is higher than nearby neighborhoods, meaning that rents in Redwood Heights also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Redwood Heights while lower rent rates are often available in southeastern areas.
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