Seventh Ward 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 Seventh Ward is about $913 per month. This puts it in the 23rd percentile compared to the city average cost of rent, which is $1,197. Households in Seventh Ward have a median income of $2,301 per month so the average renter in Seventh Ward is spending roughly 40% of their earnings on housing.
Nationally, and in Seventh Ward, home values are the data point most closely correlated with the cost of rent. The median price of a home in Seventh Ward is $193,276 right now, which is lower than nearby neighborhoods, meaning that rents in Seventh Ward also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Seventh Ward while lower rent rates are often available in southwestern areas.
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