Alger Heights 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 Alger Heights is about $970 per month. This puts it in the 50th percentile compared to the city average cost of rent, which is $1,053. Households in Alger Heights have a median income of $5,999 per month so the average renter in Alger Heights is spending roughly 16% of their earnings on housing.
Nationally, and in Alger Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Alger Heights is $165,308 right now, which is higher than nearby neighborhoods, meaning that rents in Alger Heights also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Alger Heights while lower rent rates are often available in southeastern areas.
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