Myers 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 Myers Park is about $1,676 per month. This puts it in the 93rd percentile compared to the city average cost of rent, which is $1,271. Households in Myers Park have a median income of $16,139 per month so the average renter in Myers Park is spending roughly 10% of their earnings on housing.
Nationally, and in Myers Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Myers Park is $1,124,405 right now, which is higher than nearby neighborhoods, meaning that rents in Myers Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Myers Park while lower rent rates are often available in northeastern areas.
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