11216 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 11216 is about $1,796 per month. This puts it in the 83rd percentile compared to the state average cost of rent, which is $1,514. Households in 11216 have a median income of $7,190 per month so the average renter in 11216 is spending roughly 25% of their earnings on housing.
Nationally, and in 11216, home values are the data point most closely correlated with the cost of rent. The median price of a home in 11216 is $1,263,246 right now, which is higher than nearby zip codes, meaning that rents in 11216 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the eastern parts of 11216 while lower rent rates are often available in southeastern areas.
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