Northeast 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 Northeast is about $954 per month. This puts it in the 72nd percentile compared to the city average cost of rent, which is $1,148. Households in Northeast have a median income of $3,675 per month so the average renter in Northeast is spending roughly 26% of their earnings on housing.
Nationally, and in Northeast, home values are the data point most closely correlated with the cost of rent. The median price of a home in Northeast is $124,423 right now, which is higher than nearby neighborhoods, meaning that rents in Northeast also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Northeast while lower rent rates are often available in central areas.
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