Richmond 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 Richmond Heights is about $1,271 per month. This puts it in the 97th percentile compared to the state average cost of rent, which is $952. Households in Richmond Heights have a median income of $8,603 per month so the average renter in Richmond Heights is spending roughly 15% of their earnings on housing.
Nationally, and in Richmond Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Richmond Heights is $356,546 right now, which is higher than nearby cities, meaning that rents in Richmond Heights also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Richmond Heights while lower rent rates are often available in eastern areas.
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