What is the average cost of housing in Quito?

If you are thinking about moving to Quito, cost of living in probably a key consideration. Expats commented about the cost of housing...

"Much lower. I bought an apartment for under $30k and I have rented another for just $150 a month," wrote a member who made the move to Quito, Ecuador.

Other Questions:

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What is the average cost of housing in Quito?
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What is the average cost of housing in Quito?

If you live in Quito, newcomers to Quito would love to hear your answer to this question.