Morris Park 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 Morris Park is about $1,583 per month. This puts it in the 61st percentile compared to the city average cost of rent, which is $1,332. Households in Morris Park have a median income of $6,333 per month so the average renter in Morris Park is spending roughly 25% of their earnings on housing.
Nationally, and in Morris Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Morris Park is $591,446 right now, which is higher than nearby neighborhoods, meaning that rents in Morris Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Morris Park while lower rent rates are often available in central areas.
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