Putnam Heights 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 Putnam Heights is about $1,028 per month. This puts it in the 64th percentile compared to the city average cost of rent, which is $992. Households in Putnam Heights have a median income of $6,377 per month so the average renter in Putnam Heights is spending roughly 16% of their earnings on housing.
Nationally, and in Putnam Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Putnam Heights is $202,714 right now, which is higher than nearby neighborhoods, meaning that rents in Putnam Heights also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Putnam Heights while lower rent rates are often available in western areas.
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