Ballinger 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 Ballinger is about $922 per month. This puts it in the 60th percentile compared to the state average cost of rent, which is $1,261. Households in Ballinger have a median income of $4,408 per month so the average renter in Ballinger is spending roughly 21% of their earnings on housing.
Nationally, and in Ballinger, home values are the data point most closely correlated with the cost of rent. The median price of a home in Ballinger is $86,777 right now, which is lower than nearby cities, meaning that rents in Ballinger also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Ballinger while lower rent rates are often available in central areas.
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