Canadian Lakes 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 Canadian Lakes is about $554 per month. This puts it in the 3rd percentile compared to the state average cost of rent, which is $1,036. Households in Canadian Lakes have a median income of $4,843 per month so the average renter in Canadian Lakes is spending roughly 11% of their earnings on housing.
Nationally, and in Canadian Lakes, home values are the data point most closely correlated with the cost of rent. The median price of a home in Canadian Lakes is $203,417 right now, which is higher than nearby cities, meaning that rents in Canadian Lakes also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Canadian Lakes while lower rent rates are often available in southeastern areas.
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