Spanish Village 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 Spanish Village is about $1,021 per month. This puts it in the 46th percentile compared to the state average cost of rent, which is $1,571. Households in Spanish Village have a median income of $7,540 per month so the average renter in Spanish Village is spending roughly 14% of their earnings on housing.
Nationally, and in Spanish Village, home values are the data point most closely correlated with the cost of rent. The median price of a home in Spanish Village is $404,158 right now, which is higher than nearby cities, meaning that rents in Spanish Village also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Spanish Village while lower rent rates are often available in central areas.
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