Wayne State 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 Wayne State is about $907 per month. This puts it in the 38th percentile compared to the city average cost of rent, which is $1,198. Households in Wayne State have a median income of $2,722 per month so the average renter in Wayne State is spending roughly 33% of their earnings on housing.
Nationally, and in Wayne State, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wayne State is $223,330 right now, which is lower than nearby neighborhoods, meaning that rents in Wayne State also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Wayne State while lower rent rates are often available in northeastern areas.
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