40831 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 40831 is about $568 per month. This puts it in the 17th percentile compared to the state average cost of rent, which is $856. Households in 40831 have a median income of $2,584 per month so the average renter in 40831 is spending roughly 22% of their earnings on housing.
Nationally, and in 40831, home values are the data point most closely correlated with the cost of rent. The median price of a home in 40831 is $89,812 right now, which is higher than nearby zip codes, meaning that rents in 40831 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the southern parts of 40831 while lower rent rates are often available in northeastern areas.
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