Carmel 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 the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Carmel Valley is about $2,948 per month. This puts it in the 94th percentile compared to the city average cost of rent, which is $2,047. Households in Carmel Valley have a median income of $13,688 per month so the average renter in Carmel Valley is spending roughly 22% of their earnings on housing.
Nationally, and in Carmel Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Carmel Valley is $1,724,225 right now, which is higher than neighborhoods nearby, meaning that rents in Carmel Valley also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Carmel Valley while lower rent rates are often available in southwestern areas.
Nearby Neighborhoods
- North City, San Diego, CA: less expensive rent prices
- Del Mar Heights, Del Mar, CA: less expensive rent prices
- Sorrento Valley, San Diego, CA: less expensive rent prices
- Mira Mesa, San Diego, CA: less expensive rent prices
- Rancho Penasquitos, San Diego, CA: less expensive rent prices
- La Jolla Village, La Jolla, CA: less expensive rent prices
- University City, San Diego, CA: less expensive rent prices
- Sabre Springs, San Diego, CA: less expensive rent prices
- North Clairemont, San Diego, CA: less expensive rent prices
- Scripps Ranch, San Diego, CA: less expensive rent prices
Neighborhoods with Similar Populations
- North Cheyenne, Las Vegas, NV: less expensive rent prices
- Fenway-Kenmore, Boston, MA: less expensive rent prices
- Aiea, Honolulu, HI: less expensive rent prices
- River Oaks-Kirby-Balmoral, Memphis, TN: less expensive rent prices
- Silver Lake, Los Angeles, CA: less expensive rent prices
- Chatsworth, Los Angeles, CA: less expensive rent prices
- Palms, Los Angeles, CA: less expensive rent prices
- Watts, Los Angeles, CA: less expensive rent prices
- Oak Lane, Philadelphia, PA: less expensive rent prices
- Northeast, Anaheim, CA: less expensive rent prices
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