Historic Old Northeast 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 Historic Old Northeast is about $1,365 per month. This puts it in the 51st percentile compared to the city average cost of rent, which is $1,357. Households in Historic Old Northeast have a median income of $9,588 per month so the average renter in Historic Old Northeast is spending roughly 14% of their earnings on housing.
Nationally, and in Historic Old Northeast, home values are the data point most closely correlated with the cost of rent. The median price of a home in Historic Old Northeast is $565,018 right now, which is higher than nearby neighborhoods, meaning that rents in Historic Old Northeast also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Historic Old Northeast while lower rent rates are often available in southwestern areas.
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