North Central 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 North Central is about $1,618 per month. This puts it in the 30th percentile compared to the city average cost of rent, which is $1,989. Households in North Central have a median income of $5,712 per month so the average renter in North Central is spending roughly 28% of their earnings on housing.
Nationally, and in North Central, home values are the data point most closely correlated with the cost of rent. The median price of a home in North Central is $697,224 right now, which is lower than nearby neighborhoods, meaning that rents in North Central also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of North Central while lower rent rates are often available in central areas.
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