Moreland 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 Moreland is about $1,145 per month. This puts it in the 45th percentile compared to the city average cost of rent, which is $1,422. Households in Moreland have a median income of $3,046 per month so the average renter in Moreland is spending roughly 38% of their earnings on housing.
Nationally, and in Moreland, home values are the data point most closely correlated with the cost of rent. The median price of a home in Moreland is $193,831 right now, which is lower than nearby neighborhoods, meaning that rents in Moreland also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Moreland while lower rent rates are often available in southwestern areas.
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