Packard Heights 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 Packard Heights is about $800 per month. This puts it in the 2nd percentile compared to the state average cost of rent, which is $1,522. Households in Packard Heights have a median income of $4,604 per month so the average renter in Packard Heights is spending roughly 17% of their earnings on housing.
Nationally, and in Packard Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Packard Heights is $204,363 right now, which is lower than nearby cities, meaning that rents in Packard Heights also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Packard Heights while lower rent rates are often available in northern areas.
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