Roosevelt-Toledo 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 Roosevelt-Toledo is about $713 per month. This puts it in the 16th percentile compared to the city average cost of rent, which is $934. Households in Roosevelt-Toledo have a median income of $2,696 per month so the average renter in Roosevelt-Toledo is spending roughly 26% of their earnings on housing.
Nationally, and in Roosevelt-Toledo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Roosevelt-Toledo is $51,886 right now, which is lower than nearby neighborhoods, meaning that rents in Roosevelt-Toledo also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Roosevelt-Toledo while lower rent rates are often available in southeastern areas.
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