Shanghai City 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 Shanghai City is about $597 per month. This puts it in the 11th percentile compared to the state average cost of rent, which is $1,235. Households in Shanghai City have a median income of $5,095 per month so the average renter in Shanghai City is spending roughly 12% of their earnings on housing.
Nationally, and in Shanghai City, home values are the data point most closely correlated with the cost of rent. The median price of a home in Shanghai City is $78,815 right now, which is lower than nearby cities, meaning that rents in Shanghai City also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Shanghai City while lower rent rates are often available in central areas.
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