Central Business District 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 Central Business District is about $1,308 per month. This puts it in the 35th percentile compared to the city average cost of rent, which is $1,268. Households in Central Business District have a median income of $2,918 per month so the average renter in Central Business District is spending roughly 45% of their earnings on housing.
Nationally, and in Central Business District, home values are the data point most closely correlated with the cost of rent. The median price of a home in Central Business District is $215,152 right now, which is lower than nearby neighborhoods, meaning that rents in Central Business District also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Central Business District while lower rent rates are often available in southeastern areas.
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