Garment District 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 Garment District is about $3,023 per month. This puts it in the 99th percentile compared to the city average cost of rent, which is $1,994. Households in Garment District have a median income of $12,545 per month so the average renter in Garment District is spending roughly 24% of their earnings on housing.
Nationally, and in Garment District, home values are the data point most closely correlated with the cost of rent. The median price of a home in Garment District is $1,219,613 right now, which is higher than nearby neighborhoods, meaning that rents in Garment District also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Garment District while lower rent rates are often available in southeastern areas.
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