Silver Lakes 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 Silver Lakes is about $2,360 per month. This puts it in the 98th percentile compared to the city average cost of rent, which is $1,896. Households in Silver Lakes have a median income of $11,708 per month so the average renter in Silver Lakes is spending roughly 20% of their earnings on housing.
Nationally, and in Silver Lakes, home values are the data point most closely correlated with the cost of rent. The median price of a home in Silver Lakes is $401,077 right now, which is lower than nearby neighborhoods, meaning that rents in Silver Lakes also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Silver Lakes while lower rent rates are often available in southeastern areas.
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