Park 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 is about $1,107 per month. This puts it in the 4th percentile compared to the city average cost of rent, which is $1,589. Households in Park have a median income of $3,791 per month so the average renter in Park is spending roughly 29% of their earnings on housing.
Nationally, and in Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Park is $234,095 right now, which is lower than nearby neighborhoods, meaning that rents in Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Park while lower rent rates are often available in southern areas.
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