Franklin Heights 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 Franklin Heights is about $861 per month. This puts it in the 25th percentile compared to the city average cost of rent, which is $1,108. Households in Franklin Heights have a median income of $2,454 per month so the average renter in Franklin Heights is spending roughly 35% of their earnings on housing.
Nationally, and in Franklin Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Franklin Heights is $53,899 right now, which is lower than nearby neighborhoods, meaning that rents in Franklin Heights also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Franklin Heights while lower rent rates are often available in western areas.
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