River Mountain 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 River Mountain is about $1,095 per month. This puts it in the 86th percentile compared to the city average cost of rent, which is $968. Households in River Mountain have a median income of $8,462 per month so the average renter in River Mountain is spending roughly 13% of their earnings on housing.
Nationally, and in River Mountain, home values are the data point most closely correlated with the cost of rent. The median price of a home in River Mountain is $287,340 right now, which is higher than nearby neighborhoods, meaning that rents in River Mountain also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of River Mountain while lower rent rates are often available in northeastern areas.
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