Shearer Hills-Ridgeview 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 Shearer Hills-Ridgeview is about $1,223 per month. This puts it in the 53rd percentile compared to the city average cost of rent, which is $1,264. Households in Shearer Hills-Ridgeview have a median income of $5,484 per month so the average renter in Shearer Hills-Ridgeview is spending roughly 22% of their earnings on housing.
Nationally, and in Shearer Hills-Ridgeview, home values are the data point most closely correlated with the cost of rent. The median price of a home in Shearer Hills-Ridgeview is $233,905 right now, which is higher than nearby neighborhoods, meaning that rents in Shearer Hills-Ridgeview also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Shearer Hills-Ridgeview while lower rent rates are often available in southwestern areas.
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