$4,250 Per Month
- 3 Beds
- 2 Baths
- 1,860 Sq Ft
- Condo for Rent
879 Michigan Blvd Unit B, Pasadena, CA 91107
879 Michigan Blvd Unit B, Pasadena, CA 91107
Frequently Asked Questions
How much does it cost to rent a condo in Pasadena, CA?
The median rent for a condo in Pasadena, CA is $3,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Pasadena, CA?
To comfortably afford the median rent in Pasadena, CA, a household needs to earn roughly $125,600 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,140 per month in Pasadena, CA, renters typically need to show $9,420 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Pasadena, CA?
In Pasadena, CA, the price-to-rent ratio is 33.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Pasadena, CA are best for renting a condo?
The best neighborhood for renting in Pasadena, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Playhouse Village, Old Town Pasadena, Madison Heights, Lamanda Park and San Pasqual, each with its own character and price range.
