Russell Woods 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 Russell Woods is about $839 per month. This puts it in the 23rd percentile compared to the city average cost of rent, which is $1,198. Households in Russell Woods have a median income of $2,761 per month so the average renter in Russell Woods is spending roughly 30% of their earnings on housing.
Nationally, and in Russell Woods, home values are the data point most closely correlated with the cost of rent. The median price of a home in Russell Woods is $80,505 right now, which is higher than nearby neighborhoods, meaning that rents in Russell Woods also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Russell Woods while lower rent rates are often available in southeastern areas.
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