The Avenues 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 The Avenues is about $1,121 per month. This puts it in the 59th percentile compared to the city average cost of rent, which is $1,175. Households in The Avenues have a median income of $4,475 per month so the average renter in The Avenues is spending roughly 25% of their earnings on housing.
Nationally, and in The Avenues, home values are the data point most closely correlated with the cost of rent. The median price of a home in The Avenues is $76,514 right now, which is lower than nearby neighborhoods, meaning that rents in The Avenues also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of The Avenues while lower rent rates are often available in eastern areas.
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