Friendly Acres 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 Friendly Acres is about $2,371 per month. This puts it in the 76th percentile compared to the city average cost of rent, which is $2,846. Households in Friendly Acres have a median income of $7,067 per month so the average renter in Friendly Acres is spending roughly 34% of their earnings on housing.
Nationally, and in Friendly Acres, home values are the data point most closely correlated with the cost of rent. The median price of a home in Friendly Acres is $1,152,902 right now, which is higher than nearby neighborhoods, meaning that rents in Friendly Acres also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Friendly Acres while lower rent rates are often available in southwestern areas.
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