Parkway and Cherry Point 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 Parkway and Cherry Point is about $889 per month. This puts it in the 12th percentile compared to the city average cost of rent, which is $1,101. Households in Parkway and Cherry Point have a median income of $3,283 per month so the average renter in Parkway and Cherry Point is spending roughly 27% of their earnings on housing.
Nationally, and in Parkway and Cherry Point, home values are the data point most closely correlated with the cost of rent. The median price of a home in Parkway and Cherry Point is $55,608 right now, which is lower than nearby neighborhoods, meaning that rents in Parkway and Cherry Point also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Parkway and Cherry Point while lower rent rates are often available in southeastern areas.
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