Washington Heights 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 Washington Heights is about $1,488 per month. This puts it in the 47th percentile compared to the city average cost of rent, which is $1,818. Households in Washington Heights have a median income of $4,609 per month so the average renter in Washington Heights is spending roughly 32% of their earnings on housing.
Nationally, and in Washington Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Washington Heights is $663,485 right now, which is higher than neighborhoods nearby, meaning that rents in Washington Heights also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Washington Heights while lower rent rates are often available in southern areas.
Nearby Neighborhoods
- Highbridge, Bronx, NY: less expensive rent prices
- Morris Heights, Bronx, NY: less expensive rent prices
- Inwood, New York, NY: less expensive rent prices
- Coytesville, Fort Lee, NJ: more expensive rent prices
- Hamilton Heights, New York, NY: less expensive rent prices
- University Heights, Bronx, NY: less expensive rent prices
- Linwood, Fort Lee, NJ: more expensive rent prices
- South Bronx, Bronx, NY: less expensive rent prices
- Tremont, Bronx, NY: less expensive rent prices
- Harlem, New York, NY: less expensive rent prices
Neighborhoods with Similar Populations
- Far North Dallas, Dallas, TX: less expensive rent prices
- Deer Valley, Phoenix, AZ: less expensive rent prices
- Paradise Valley, Phoenix, AZ: more expensive rent prices
- Powers, Colorado Springs, CO: more expensive rent prices
- North Mountain, Phoenix, AZ: less expensive rent prices
- Mid Wilshire, Los Angeles, CA: more expensive rent prices
- Jamaica, New York, NY: more expensive rent prices
- Upper East Side, New York, NY: more expensive rent prices
- East Brooklyn, Brooklyn, NY: less expensive rent prices
- North Hollywood, Los Angeles, CA: more expensive rent prices
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