Great Neck Estates 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 Great Neck Estates is about $1,945 per month. This puts it in the 91st percentile compared to the state average cost of rent, which is $1,514. Households in Great Neck Estates have a median income of $12,741 per month so the average renter in Great Neck Estates is spending roughly 15% of their earnings on housing.
Nationally, and in Great Neck Estates, home values are the data point most closely correlated with the cost of rent. The median price of a home in Great Neck Estates is $1,380,568 right now, which is higher than nearby cities, meaning that rents in Great Neck Estates also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Great Neck Estates while lower rent rates are often available in central areas.
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