Thornwood 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 Thornwood is about $1,541 per month. This puts it in the 79th percentile compared to the city average cost of rent, which is $1,399. Households in Thornwood have a median income of $13,696 per month so the average renter in Thornwood is spending roughly 11% of their earnings on housing.
Nationally, and in Thornwood, home values are the data point most closely correlated with the cost of rent. The median price of a home in Thornwood is $394,582 right now, which is higher than nearby neighborhoods, meaning that rents in Thornwood also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Thornwood while lower rent rates are often available in central areas.
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