55803 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 55803 is about $1,253 per month. This puts it in the 86th percentile compared to the state average cost of rent, which is $1,169. Households in 55803 have a median income of $7,782 per month so the average renter in 55803 is spending roughly 16% of their earnings on housing.
Nationally, and in 55803, home values are the data point most closely correlated with the cost of rent. The median price of a home in 55803 is $278,883 right now, which is higher than nearby zip codes, meaning that rents in 55803 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the northern parts of 55803 while lower rent rates are often available in southeastern areas.
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