Lower Northwood 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 Lower Northwood is about $1,036 per month. This puts it in the 13th percentile compared to the city average cost of rent, which is $1,611. Households in Lower Northwood have a median income of $5,138 per month so the average renter in Lower Northwood is spending roughly 20% of their earnings on housing.
Nationally, and in Lower Northwood, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lower Northwood is $176,127 right now, which is lower than nearby neighborhoods, meaning that rents in Lower Northwood also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Lower Northwood while lower rent rates are often available in central areas.
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