Roland Park-Homewood-Guilford 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 Roland Park-Homewood-Guilford is about $1,428 per month. This puts it in the 55th percentile compared to the city average cost of rent, which is $1,611. Households in Roland Park-Homewood-Guilford have a median income of $8,466 per month so the average renter in Roland Park-Homewood-Guilford is spending roughly 17% of their earnings on housing.
Nationally, and in Roland Park-Homewood-Guilford, home values are the data point most closely correlated with the cost of rent. The median price of a home in Roland Park-Homewood-Guilford is $341,673 right now, which is higher than nearby neighborhoods, meaning that rents in Roland Park-Homewood-Guilford also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Roland Park-Homewood-Guilford while lower rent rates are often available in southwestern areas.
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