Spencer View Terrace 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
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Spencer View Terrace is about $1,231 per month. This puts it in the 47th percentile compared to the city average cost of rent, which is $1,750. Households in Spencer View Terrace have a median income of $5,189 per month so the average renter in Spencer View Terrace is spending roughly 24% of their earnings on housing.
Nationally, and in Spencer View Terrace, home values are the data point most closely correlated with the cost of rent. The median price of a home in Spencer View Terrace is $88,706 right now, which is lower than neighborhoods nearby, meaning that rents in Spencer View Terrace also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Spencer View Terrace while lower rent rates are often available in northwestern areas.
Nearby Neighborhoods
- Houston Suburban Homes, Pasadena, TX: less expensive rent prices
- Hubbell, Pasadena, TX: less expensive rent prices
- Alta Vista Acres, Pasadena, TX: less expensive rent prices
- Pasadina, Houston, TX: more expensive rent prices
- Downtown Pasadena, Pasadena, TX: less expensive rent prices
- Downtown La Porte, La Porte, TX: less expensive rent prices
- Clear Lake, Pasadena, TX: more expensive rent prices
- Old River Terrace, Channelview, TX: less expensive rent prices
- Southbelt Ellington, Houston, TX: more expensive rent prices
- Cloverleaf, Houston, TX: less expensive rent prices
Neighborhoods with Similar Populations
- Barnhart, St. Louis, MO: less expensive rent prices
- Rosedale Park, Detroit, MI: more expensive rent prices
- Ashbrook-Clawson Village, Charlotte, NC: less expensive rent prices
- Pearl-Meigs-Monroe, Rochester, NY: less expensive rent prices
- Willow-Rose Hill, Redmond, WA: more expensive rent prices
- Parcelas Nueva Vida, Ponce, PR: less expensive rent prices
- South Coast, Santa Ana, CA: more expensive rent prices
- South Ruffner, Charleston, WV: less expensive rent prices
- Abbot, Ann Arbor, MI: more expensive rent prices
- Bedford Hills, Lynchburg, VA: more expensive rent prices
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