Beacon 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 Beacon Park is about $1,745 per month. This puts it in the 82nd percentile compared to the city average cost of rent, which is $1,703. Households in Beacon Park have a median income of $9,228 per month so the average renter in Beacon Park is spending roughly 19% of their earnings on housing.
Nationally, and in Beacon Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Beacon Park is $334,200 right now, which is higher than nearby neighborhoods, meaning that rents in Beacon Park also tend to be higher versus these nearby neighborhoods.
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