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To estimate the percent of apartment residents who pay less than $700 per month, we need to find the total height of the bars for less than $700.
Total height for less than $700:
5 (Bar 1) + 25 (Bar 2) + 45 (Bar 3) + 25 (Bar 4) = 100
Total height for all bars:
100 (Total height for less than $700) + 5 (Bar 5) + 12 (Bar 6) + 6 (Bar 7) = 123
To find the percent of apartment residents who pay less than $700 per month, we divide the total height for less than $700 by the total height for all bars and multiply by 100:
(100/123) * 100 = 81.3%
Therefore, the estimated percent of apartment residents who pay less than $700 per month is 81.3%.