Inwood 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 Inwood is about $1,339 per month. This puts it in the 45th percentile compared to the city average cost of rent, which is $1,994. Households in Inwood have a median income of $4,530 per month so the average renter in Inwood is spending roughly 30% of their earnings on housing.
Nationally, and in Inwood, home values are the data point most closely correlated with the cost of rent. The median price of a home in Inwood is $432,319 right now, which is higher than nearby neighborhoods, meaning that rents in Inwood also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Inwood while lower rent rates are often available in southwestern areas.
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