The Islands 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 Islands is about $2,222 per month. This puts it in the 99th percentile compared to the city average cost of rent, which is $1,796. Households in The Islands have a median income of $8,198 per month so the average renter in The Islands is spending roughly 27% of their earnings on housing.
Nationally, and in The Islands, home values are the data point most closely correlated with the cost of rent. The median price of a home in The Islands is $378,859 right now, which is higher than nearby neighborhoods, meaning that rents in The Islands also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of The Islands while lower rent rates are often available in northwestern areas.
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