Flat Rock Area 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 Flat Rock Area is about $1,020 per month. This puts it in the 66th percentile compared to the city average cost of rent, which is $1,032. Households in Flat Rock Area have a median income of $7,002 per month so the average renter in Flat Rock Area is spending roughly 15% of their earnings on housing.
Nationally, and in Flat Rock Area, home values are the data point most closely correlated with the cost of rent. The median price of a home in Flat Rock Area is $226,434 right now, which is higher than nearby neighborhoods, meaning that rents in Flat Rock Area also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Flat Rock Area while lower rent rates are often available in southeastern areas.
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