Lancaster Historic 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 Lancaster Historic District is about $917 per month. This puts it in the 68th percentile compared to the city average cost of rent, which is $970. Households in Lancaster Historic District have a median income of $4,414 per month so the average renter in Lancaster Historic District is spending roughly 21% of their earnings on housing.
Nationally, and in Lancaster Historic District, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lancaster Historic District is $123,856 right now, which is lower than nearby neighborhoods, meaning that rents in Lancaster Historic District also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Lancaster Historic District while lower rent rates are often available in southwestern areas.
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