First Ward 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 First Ward is about $900 per month. This puts it in the 17th percentile compared to the city average cost of rent, which is $900. Households in First Ward have a median income of $3,342 per month so the average renter in First Ward is spending roughly 27% of their earnings on housing.
Nationally, and in First Ward, home values are the data point most closely correlated with the cost of rent. The median price of a home in First Ward is $92,927 right now, which is lower than nearby neighborhoods, meaning that rents in First Ward also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of First Ward while lower rent rates are often available in western areas.
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