50049 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 50049 is about $691 per month. This puts it in the 39th percentile compared to the state average cost of rent, which is $884. Households in 50049 have a median income of $4,890 per month so the average renter in 50049 is spending roughly 14% of their earnings on housing.
Nationally, and in 50049, home values are the data point most closely correlated with the cost of rent. The median price of a home in 50049 is $100,147 right now, which is lower than nearby zip codes, meaning that rents in 50049 also tend to be lower versus these nearby zip codes.
Higher rent prices are common in the northwestern parts of 50049 while lower rent rates are often available in western areas.
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