South Valley 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 South Valley is about $836 per month. This puts it in the 67th percentile compared to the state average cost of rent, which is $961. Households in South Valley have a median income of $3,744 per month so the average renter in South Valley is spending roughly 22% of their earnings on housing.
Nationally, and in South Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Valley is $164,770 right now, which is lower than nearby cities, meaning that rents in South Valley also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of South Valley while lower rent rates are often available in southern areas.
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