Medical 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 Medical District is about $728 per month. This puts it in the 4th percentile compared to the city average cost of rent, which is $1,160. Households in Medical District have a median income of $1,612 per month so the average renter in Medical District is spending roughly 45% of their earnings on housing.
Nationally, and in Medical District, home values are the data point most closely correlated with the cost of rent. The median price of a home in Medical District is $155,429 right now, which is higher than nearby neighborhoods, meaning that rents in Medical District also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Medical District while lower rent rates are often available in southern areas.
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