06103 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 06103 is about $1,580 per month. This puts it in the 74th percentile compared to the state average cost of rent, which is $1,523. Households in 06103 have a median income of $6,696 per month so the average renter in 06103 is spending roughly 24% of their earnings on housing.
Nationally, and in 06103, home values are the data point most closely correlated with the cost of rent. The median price of a home in 06103 is $305,550 right now, which is higher than nearby zip codes, meaning that rents in 06103 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the central parts of 06103 while lower rent rates are often available in northwestern areas.
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