Burr Oak 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 Burr Oak is about $616 per month. This puts it in the 7th percentile compared to the state average cost of rent, which is $964. Households in Burr Oak have a median income of $5,982 per month so the average renter in Burr Oak is spending roughly 10% of their earnings on housing.
Nationally, and in Burr Oak, home values are the data point most closely correlated with the cost of rent. The median price of a home in Burr Oak is $131,843 right now, which is higher than nearby cities, meaning that rents in Burr Oak also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Burr Oak while lower rent rates are often available in eastern areas.
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