Bear Lake 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 Bear Lake is about $624 per month. This puts it in the 8th percentile compared to the state average cost of rent, which is $1,115. Households in Bear Lake have a median income of $5,270 per month so the average renter in Bear Lake is spending roughly 12% of their earnings on housing.
Nationally, and in Bear Lake, home values are the data point most closely correlated with the cost of rent. The median price of a home in Bear Lake is $120,998 right now, which is higher than nearby cities, meaning that rents in Bear Lake also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Bear Lake while lower rent rates are often available in central areas.
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