South Fairmount 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 South Fairmount is about $748 per month. This puts it in the 23rd percentile compared to the city average cost of rent, which is $1,055. Households in South Fairmount have a median income of $2,371 per month so the average renter in South Fairmount is spending roughly 32% of their earnings on housing.
Nationally, and in South Fairmount, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Fairmount is $63,154 right now, which is lower than nearby neighborhoods, meaning that rents in South Fairmount also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of South Fairmount while lower rent rates are often available in central areas.
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