Middle River Terrace 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 Middle River Terrace is about $1,273 per month. This puts it in the 43rd percentile compared to the city average cost of rent, which is $1,601. Households in Middle River Terrace have a median income of $5,034 per month so the average renter in Middle River Terrace is spending roughly 25% of their earnings on housing.
Nationally, and in Middle River Terrace, home values are the data point most closely correlated with the cost of rent. The median price of a home in Middle River Terrace is $372,105 right now, which is lower than nearby neighborhoods, meaning that rents in Middle River Terrace also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Middle River Terrace while lower rent rates are often available in southern areas.
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