Village Park 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 Village Park is about $2,000 per month. This puts it in the 97th percentile compared to the city average cost of rent, which is $1,799. Households in Village Park have a median income of $10,717 per month so the average renter in Village Park is spending roughly 19% of their earnings on housing.
Nationally, and in Village Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Village Park is $424,934 right now, which is higher than nearby neighborhoods, meaning that rents in Village Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Village Park while lower rent rates are often available in southeastern areas.
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