Belmont Cragin 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 Belmont Cragin is about $1,139 per month. This puts it in the 44th percentile compared to the city average cost of rent, which is $1,422. Households in Belmont Cragin have a median income of $5,402 per month so the average renter in Belmont Cragin is spending roughly 21% of their earnings on housing.
Nationally, and in Belmont Cragin, home values are the data point most closely correlated with the cost of rent. The median price of a home in Belmont Cragin is $272,471 right now, which is lower than nearby neighborhoods, meaning that rents in Belmont Cragin also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of Belmont Cragin while lower rent rates are often available in northwestern areas.
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