Puerto Rico 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 Puerto Rico is about $608 per month. This puts it in the 2nd percentile compared to the nation average cost of rent, which is $1,385. Households in Puerto Rico have a median income of $2,054 per month so the average renter in Puerto Rico is spending roughly 30% of their earnings on housing.
Nationally, and in Puerto Rico, home values are the data point most closely correlated with the cost of rent. The median price of a home in Puerto Rico is $164,212 right now, which is lower than states nearby, meaning that rents in Puerto Rico also tend to be lower versus these nearby states.
Higher rent prices are common in the northern parts of Puerto Rico while lower rent rates are often available in western areas.
Nearby States
- Florida: more expensive rent prices
- South Carolina: more expensive rent prices
- North Carolina: more expensive rent prices
- Georgia: more expensive rent prices
- Virginia: more expensive rent prices
- Delaware: more expensive rent prices
- District of Columbia: more expensive rent prices
- Maryland: more expensive rent prices
- New Jersey: more expensive rent prices
- Alabama: more expensive rent prices
States with Similar Populations
- Connecticut: more expensive rent prices
- Oklahoma: more expensive rent prices
- Oregon: more expensive rent prices
- Iowa: more expensive rent prices
- Utah: more expensive rent prices
- Mississippi: more expensive rent prices
- Arkansas: more expensive rent prices
- Kansas: more expensive rent prices
- Nevada: more expensive rent prices
- Kentucky: more expensive rent prices
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