Washington Park Historic District 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 Park Historic District is about $1,264 per month. This puts it in the 43rd percentile compared to the city average cost of rent, which is $1,423. Households in Washington Park Historic District have a median income of $5,121 per month so the average renter in Washington Park Historic District is spending roughly 25% of their earnings on housing.
Nationally, and in Washington Park Historic District, home values are the data point most closely correlated with the cost of rent. The median price of a home in Washington Park Historic District is $284,703 right now, which is lower than nearby neighborhoods, meaning that rents in Washington Park Historic District also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Washington Park Historic District while lower rent rates are often available in eastern areas.
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