Silverado 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 Silverado is about $2,152 per month. This puts it in the 84th percentile compared to the state average cost of rent, which is $1,958. Households in Silverado have a median income of $16,231 per month so the average renter in Silverado is spending roughly 13% of their earnings on housing.
Nationally, and in Silverado, home values are the data point most closely correlated with the cost of rent. The median price of a home in Silverado is $806,160 right now, which is higher than nearby cities, meaning that rents in Silverado also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Silverado while lower rent rates are often available in central areas.
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