Rancho Penasquitos 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
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Rancho Penasquitos is about $2,663 per month. This puts it in the 88th percentile compared to the city average cost of rent, which is $2,047. Households in Rancho Penasquitos have a median income of $11,800 per month so the average renter in Rancho Penasquitos is spending roughly 23% of their earnings on housing.
Nationally, and in Rancho Penasquitos, home values are the data point most closely correlated with the cost of rent. The median price of a home in Rancho Penasquitos is $927,144 right now, which is lower than neighborhoods nearby, meaning that rents in Rancho Penasquitos also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of Rancho Penasquitos while lower rent rates are often available in northern areas.
Nearby Neighborhoods
- Carmel Mountain, San Diego, CA: less expensive rent prices
- Sabre Springs, San Diego, CA: less expensive rent prices
- Mira Mesa, San Diego, CA: less expensive rent prices
- Rancho Bernadino, San Diego, CA: less expensive rent prices
- Carmel Valley, San Diego, CA: more expensive rent prices
- North City, San Diego, CA: more expensive rent prices
- Scripps Ranch, San Diego, CA: more expensive rent prices
- Sorrento Valley, San Diego, CA: less expensive rent prices
- Del Mar Heights, Del Mar, CA: more expensive rent prices
- Felicita, Escondido, CA: less expensive rent prices
Neighborhoods with Similar Populations
- Cedar Crest, Dallas, TX: less expensive rent prices
- Central East Denver, Denver, CO: less expensive rent prices
- Flagami, Miami, FL: less expensive rent prices
- Greater Hilltop, Columbus, OH: less expensive rent prices
- Enterprise, Las Vegas, NV: less expensive rent prices
- Midtown, New York, NY: less expensive rent prices
- South Dorchester, Boston, MA: less expensive rent prices
- Pottage Park, Chicago, IL: less expensive rent prices
- West Central, Mesa, AZ: less expensive rent prices
- Sunnyside, Long Island City, NY: less expensive rent prices
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