Washington Avenue-Memorial 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 Washington Avenue-Memorial Park is about $1,754 per month. This puts it in the 92nd percentile compared to the city average cost of rent, which is $1,340. Households in Washington Avenue-Memorial Park have a median income of $7,964 per month so the average renter in Washington Avenue-Memorial Park is spending roughly 22% of their earnings on housing.
Nationally, and in Washington Avenue-Memorial Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Washington Avenue-Memorial Park is $599,210 right now, which is higher than nearby neighborhoods, meaning that rents in Washington Avenue-Memorial Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Washington Avenue-Memorial Park while lower rent rates are often available in southwestern areas.
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