Armory Park 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 Armory Park is about $1,086 per month. This puts it in the 33rd percentile compared to the city average cost of rent, which is $1,162. Households in Armory Park have a median income of $3,823 per month so the average renter in Armory Park is spending roughly 28% of their earnings on housing.
Nationally, and in Armory Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Armory Park is $284,136 right now, which is higher than nearby neighborhoods, meaning that rents in Armory Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Armory Park while lower rent rates are often available in southwestern areas.
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