Boones Mill 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 Boones Mill is about $882 per month. This puts it in the 52nd percentile compared to the state average cost of rent, which is $1,444. Households in Boones Mill have a median income of $5,086 per month so the average renter in Boones Mill is spending roughly 17% of their earnings on housing.
Nationally, and in Boones Mill, home values are the data point most closely correlated with the cost of rent. The median price of a home in Boones Mill is $190,025 right now, which is lower than nearby cities, meaning that rents in Boones Mill also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Boones Mill while lower rent rates are often available in southeastern areas.
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