Parkway-Wheelers Farm Road 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-Wheelers Farm Road is about $1,705 per month. This puts it in the 83rd percentile compared to the city average cost of rent, which is $1,629. Households in Parkway-Wheelers Farm Road have a median income of $10,656 per month so the average renter in Parkway-Wheelers Farm Road is spending roughly 16% of their earnings on housing.
Nationally, and in Parkway-Wheelers Farm Road, home values are the data point most closely correlated with the cost of rent. The median price of a home in Parkway-Wheelers Farm Road is $366,193 right now, which is higher than nearby neighborhoods, meaning that rents in Parkway-Wheelers Farm Road also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of Parkway-Wheelers Farm Road while lower rent rates are often available in southeastern areas.
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