University 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 University Square is about $1,175 per month. This puts it in the 33rd percentile compared to the city average cost of rent, which is $1,385. Households in University Square have a median income of $2,733 per month so the average renter in University Square is spending roughly 43% of their earnings on housing.
Nationally, and in University Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in University Square is $119,163 right now, which is lower than nearby neighborhoods, meaning that rents in University Square also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of University Square while lower rent rates are often available in northwestern areas.
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