Biscayne Terrace 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 Biscayne Terrace is about $1,299 per month. This puts it in the 45th percentile compared to the city average cost of rent, which is $1,410. Households in Biscayne Terrace have a median income of $4,101 per month so the average renter in Biscayne Terrace is spending roughly 32% of their earnings on housing.
Nationally, and in Biscayne Terrace, home values are the data point most closely correlated with the cost of rent. The median price of a home in Biscayne Terrace is $192,640 right now, which is higher than nearby neighborhoods, meaning that rents in Biscayne Terrace also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Biscayne Terrace while lower rent rates are often available in southern areas.
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