Social 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 Social is about $1,011 per month. This puts it in the 24th percentile compared to the city average cost of rent, which is $997. Households in Social have a median income of $3,527 per month so the average renter in Social is spending roughly 29% of their earnings on housing.
Nationally, and in Social, home values are the data point most closely correlated with the cost of rent. The median price of a home in Social is $175,824 right now, which is lower than nearby neighborhoods, meaning that rents in Social also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Social while lower rent rates are often available in central areas.
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