Cannon 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 Cannon is about $576 per month. This puts it in the 6th percentile compared to the state average cost of rent, which is $1,261. Households in Cannon have a median income of $6,219 per month so the average renter in Cannon is spending roughly 9% of their earnings on housing.
Nationally, and in Cannon, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cannon is $227,767 right now, which is higher than nearby cities, meaning that rents in Cannon also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Cannon while lower rent rates are often available in southeastern areas.
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