Verdugo Viejo 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 Verdugo Viejo is about $2,000 per month. This puts it in the 57th percentile compared to the city average cost of rent, which is $2,011. Households in Verdugo Viejo have a median income of $4,899 per month so the average renter in Verdugo Viejo is spending roughly 41% of their earnings on housing.
Nationally, and in Verdugo Viejo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Verdugo Viejo is $613,061 right now, which is lower than nearby neighborhoods, meaning that rents in Verdugo Viejo also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Verdugo Viejo while lower rent rates are often available in western areas.
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