Phoebus 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 Phoebus is about $1,145 per month. This puts it in the 25th percentile compared to the city average cost of rent, which is $1,199. Households in Phoebus have a median income of $4,512 per month so the average renter in Phoebus is spending roughly 25% of their earnings on housing.
Nationally, and in Phoebus, home values are the data point most closely correlated with the cost of rent. The median price of a home in Phoebus is $190,637 right now, which is lower than nearby neighborhoods, meaning that rents in Phoebus also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Phoebus while lower rent rates are often available in northern areas.
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