College 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 College Park is about $1,083 per month. This puts it in the 37th percentile compared to the city average cost of rent, which is $1,226. Households in College Park have a median income of $1,836 per month so the average renter in College Park is spending roughly 59% of their earnings on housing.
Nationally, and in College Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in College Park is $218,186 right now, which is lower than nearby neighborhoods, meaning that rents in College Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of College Park while lower rent rates are often available in southeastern areas.
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