Rio Grande 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 Rio Grande Park is about $980 per month. This puts it in the 10th percentile compared to the city average cost of rent, which is $1,487. Households in Rio Grande Park have a median income of $4,393 per month so the average renter in Rio Grande Park is spending roughly 22% of their earnings on housing.
Nationally, and in Rio Grande Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Rio Grande Park is $195,823 right now, which is lower than nearby neighborhoods, meaning that rents in Rio Grande Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Rio Grande Park while lower rent rates are often available in northwestern areas.
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