Union Square 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 Union Square is about $1,560 per month. This puts it in the 26th percentile compared to the city average cost of rent, which is $2,354. Households in Union Square have a median income of $7,269 per month so the average renter in Union Square is spending roughly 21% of their earnings on housing.
Nationally, and in Union Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Union Square is $1,018,256 right now, which is lower than nearby neighborhoods, meaning that rents in Union Square also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Union Square while lower rent rates are often available in southern areas.
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