Park 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 Park Central is about $1,563 per month. This puts it in the 70th percentile compared to the city average cost of rent, which is $1,487. Households in Park Central have a median income of $5,415 per month so the average renter in Park Central is spending roughly 29% of their earnings on housing.
Nationally, and in Park Central, home values are the data point most closely correlated with the cost of rent. The median price of a home in Park Central is $138,818 right now, which is lower than nearby neighborhoods, meaning that rents in Park Central also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Park Central while lower rent rates are often available in eastern areas.
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