San Pedro 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 San Pedro is about $1,832 per month. This puts it in the 73rd percentile compared to the state average cost of rent, which is $1,958. Households in San Pedro have a median income of $6,571 per month so the average renter in San Pedro is spending roughly 28% of their earnings on housing.
Nationally, and in San Pedro, home values are the data point most closely correlated with the cost of rent. The median price of a home in San Pedro is $650,618 right now, which is lower than nearby cities, meaning that rents in San Pedro also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of San Pedro while lower rent rates are often available in northeastern areas.
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