Sierra Madre 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 Sierra Madre is about $1,849 per month. This puts it in the 74th percentile compared to the state average cost of rent, which is $1,958. Households in Sierra Madre have a median income of $9,817 per month so the average renter in Sierra Madre is spending roughly 19% of their earnings on housing.
Nationally, and in Sierra Madre, home values are the data point most closely correlated with the cost of rent. The median price of a home in Sierra Madre is $1,071,990 right now, which is lower than nearby cities, meaning that rents in Sierra Madre also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Sierra Madre while lower rent rates are often available in southwestern areas.
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