04062 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 dark green areas.
On average, the cost of rent in 04062 is about $1,155 per month. This puts it in the 87th percentile compared to the state average cost of rent, which is $1,013. Households in 04062 have a median income of $7,866 per month so the average renter in 04062 is spending roughly 15% of their earnings on housing.
Nationally, and in 04062, home values are the data point most closely correlated with the cost of rent. The median price of a home in 04062 is $302,204 right now, which is lower than nearby zip codes, meaning that rents in 04062 also tend to be lower versus these nearby zip codes.
Higher rent prices are common in the southeastern parts of 04062 while lower rent rates are often available in northwestern areas.
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