Memorial Square 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 Memorial Square is about $720 per month. This puts it in the 2nd percentile compared to the city average cost of rent, which is $1,110. Households in Memorial Square have a median income of $2,202 per month so the average renter in Memorial Square is spending roughly 33% of their earnings on housing.
Nationally, and in Memorial Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Memorial Square is $155,908 right now, which is lower than nearby neighborhoods, meaning that rents in Memorial Square also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Memorial Square while lower rent rates are often available in southeastern areas.
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