Waverly Hills 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 Waverly Hills is about $1,784 per month. This puts it in the 65th percentile compared to the city average cost of rent, which is $2,336. Households in Waverly Hills have a median income of $12,442 per month so the average renter in Waverly Hills is spending roughly 14% of their earnings on housing.
Nationally, and in Waverly Hills, home values are the data point most closely correlated with the cost of rent. The median price of a home in Waverly Hills is $690,214 right now, which is lower than nearby neighborhoods, meaning that rents in Waverly Hills also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Waverly Hills while lower rent rates are often available in western areas.
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