Greater Memorial 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 the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Greater Memorial is about $2,097 per month. This puts it in the 95th percentile compared to the city average cost of rent, which is $1,523. Households in Greater Memorial have a median income of $13,299 per month so the average renter in Greater Memorial is spending roughly 16% of their earnings on housing.
Nationally, and in Greater Memorial, home values are the data point most closely correlated with the cost of rent. The median price of a home in Greater Memorial is $1,341,084 right now, which is higher than neighborhoods nearby, meaning that rents in Greater Memorial also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Greater Memorial while lower rent rates are often available in northern areas.
Nearby Neighborhoods
- Galleria-Uptown, Houston, TX: less expensive rent prices
- Spring Branch, Houston, TX: less expensive rent prices
- Westchase, Houston, TX: less expensive rent prices
- West Houston, Houston, TX: less expensive rent prices
- Bellaire, Houston, TX: less expensive rent prices
- Fairbanks-Northwest Crossing, Houston, TX: less expensive rent prices
- Oak Forest-Garden Oaks, Houston, TX: less expensive rent prices
- River Oaks, Houston, TX: less expensive rent prices
- West University, Houston, TX: more expensive rent prices
- Greater Heights, Houston, TX: less expensive rent prices
Neighborhoods with Similar Populations
- Montrose, Houston, TX: less expensive rent prices
- Haddington-Carroll Park, Philadelphia, PA: less expensive rent prices
- Parkway Village-Oakhaven, Memphis, TN: less expensive rent prices
- Montecito Heights, Los Angeles, CA: less expensive rent prices
- Loop, Chicago, IL: more expensive rent prices
- Avondale, Chicago, IL: less expensive rent prices
- Beacon Hill, Seattle, WA: less expensive rent prices
- University, Columbus, OH: less expensive rent prices
- Little Woods, New Orleans, LA: less expensive rent prices
- Little Haiti, Miami, FL: less expensive rent prices
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