55103 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 55103 is about $911 per month. This puts it in the 65th percentile compared to the state average cost of rent, which is $1,169. Households in 55103 have a median income of $4,057 per month so the average renter in 55103 is spending roughly 22% of their earnings on housing.
Nationally, and in 55103, home values are the data point most closely correlated with the cost of rent. The median price of a home in 55103 is $188,352 right now, which is lower than nearby zip codes, meaning that rents in 55103 also tend to be lower versus these nearby zip codes.
Higher rent prices are common in the eastern parts of 55103 while lower rent rates are often available in southeastern areas.
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