Western 49-63 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 Western 49-63 is about $1,535 per month. This puts it in the 99th percentile compared to the city average cost of rent, which is $1,160. Households in Western 49-63 have a median income of $7,447 per month so the average renter in Western 49-63 is spending roughly 21% of their earnings on housing.
Nationally, and in Western 49-63, home values are the data point most closely correlated with the cost of rent. The median price of a home in Western 49-63 is $282,242 right now, which is higher than nearby neighborhoods, meaning that rents in Western 49-63 also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Western 49-63 while lower rent rates are often available in southeastern areas.
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