Mt Vernon 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 Mt Vernon Park is about $1,484 per month. This puts it in the 49th percentile compared to the city average cost of rent, which is $1,323. Households in Mt Vernon Park have a median income of $7,577 per month so the average renter in Mt Vernon Park is spending roughly 20% of their earnings on housing.
Nationally, and in Mt Vernon Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mt Vernon Park is $329,501 right now, which is lower than nearby neighborhoods, meaning that rents in Mt Vernon Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Mt Vernon Park while lower rent rates are often available in northwestern areas.
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