68016 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 68016 is about $883 per month. This puts it in the 79th percentile compared to the state average cost of rent, which is $929. Households in 68016 have a median income of $10,485 per month so the average renter in 68016 is spending roughly 8% of their earnings on housing.
Nationally, and in 68016, home values are the data point most closely correlated with the cost of rent. The median price of a home in 68016 is $292,372 right now, which is higher than nearby zip codes, meaning that rents in 68016 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the central parts of 68016 while lower rent rates are often available in southwestern areas.
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