Oakwell Farms 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 Oakwell Farms is about $1,112 per month. This puts it in the 41st percentile compared to the city average cost of rent, which is $1,264. Households in Oakwell Farms have a median income of $4,655 per month so the average renter in Oakwell Farms is spending roughly 24% of their earnings on housing.
Nationally, and in Oakwell Farms, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oakwell Farms is $321,861 right now, which is higher than nearby neighborhoods, meaning that rents in Oakwell Farms also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Oakwell Farms while lower rent rates are often available in northeastern areas.
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