Mt Vernon 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 Mt Vernon Square is about $2,300 per month. This puts it in the 81st percentile compared to the city average cost of rent, which is $1,986. Households in Mt Vernon Square have a median income of $11,035 per month so the average renter in Mt Vernon Square is spending roughly 21% of their earnings on housing.
Nationally, and in Mt Vernon Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mt Vernon Square is $575,444 right now, which is lower than nearby neighborhoods, meaning that rents in Mt Vernon Square also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Mt Vernon Square while lower rent rates are often available in northeastern areas.
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