Newmarket South 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 Newmarket South is about $656 per month. This puts it in the 1st percentile compared to the city average cost of rent, which is $1,190. Households in Newmarket South have a median income of $3,331 per month so the average renter in Newmarket South is spending roughly 20% of their earnings on housing.
Nationally, and in Newmarket South, home values are the data point most closely correlated with the cost of rent. The median price of a home in Newmarket South is $152,095 right now, which is lower than nearby neighborhoods, meaning that rents in Newmarket South also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Newmarket South while lower rent rates are often available in northeastern areas.
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