Five Mile Prairie 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 Five Mile Prairie is about $1,468 per month. This puts it in the 34th percentile compared to the city average cost of rent, which is $1,114. Households in Five Mile Prairie have a median income of $9,340 per month so the average renter in Five Mile Prairie is spending roughly 16% of their earnings on housing.
Nationally, and in Five Mile Prairie, home values are the data point most closely correlated with the cost of rent. The median price of a home in Five Mile Prairie is $389,199 right now, which is higher than nearby neighborhoods, meaning that rents in Five Mile Prairie also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Five Mile Prairie while lower rent rates are often available in central areas.
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