Arcola 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 Arcola is about $602 per month. This puts it in the 23rd percentile compared to the state average cost of rent, which is $877. Households in Arcola have a median income of $2,655 per month so the average renter in Arcola is spending roughly 23% of their earnings on housing.
Nationally, and in Arcola, home values are the data point most closely correlated with the cost of rent. The median price of a home in Arcola is $50,185 right now, which is lower than nearby cities, meaning that rents in Arcola also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Arcola while lower rent rates are often available in central areas.
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