South Southwest 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 Southwest is about $1,078 per month. This puts it in the 37th percentile compared to the city average cost of rent, which is $1,264. Households in South Southwest have a median income of $4,541 per month so the average renter in South Southwest is spending roughly 24% of their earnings on housing.
Nationally, and in South Southwest, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Southwest is $108,689 right now, which is higher than nearby neighborhoods, meaning that rents in South Southwest also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of South Southwest while lower rent rates are often available in northwestern areas.
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