Serra Highlands 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 Serra Highlands is about $3,270 per month. This puts it in the 99th percentile compared to the city average cost of rent, which is $2,744. Households in Serra Highlands have a median income of $11,938 per month so the average renter in Serra Highlands is spending roughly 27% of their earnings on housing.
Nationally, and in Serra Highlands, home values are the data point most closely correlated with the cost of rent. The median price of a home in Serra Highlands is $1,081,790 right now, which is higher than nearby neighborhoods, meaning that rents in Serra Highlands also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Serra Highlands while lower rent rates are often available in southeastern areas.
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