Stanford University 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 Stanford University is about $1,943 per month. This puts it in the 53rd percentile compared to the city average cost of rent, which is $1,753. Households in Stanford University have a median income of $7,199 per month so the average renter in Stanford University is spending roughly 27% of their earnings on housing.
Nationally, and in Stanford University, home values are the data point most closely correlated with the cost of rent. The median price of a home in Stanford University is $1,184,192 right now, which is lower than nearby neighborhoods, meaning that rents in Stanford University also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Stanford University while lower rent rates are often available in southwestern areas.
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