South Wedge 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 Wedge is about $778 per month. This puts it in the 6th percentile compared to the city average cost of rent, which is $1,042. Households in South Wedge have a median income of $3,523 per month so the average renter in South Wedge is spending roughly 22% of their earnings on housing.
Nationally, and in South Wedge, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Wedge is $159,819 right now, which is higher than nearby neighborhoods, meaning that rents in South Wedge also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of South Wedge while lower rent rates are often available in central areas.
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