Carleton 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 Carleton is about $902 per month. This puts it in the 67th percentile compared to the state average cost of rent, which is $1,036. Households in Carleton have a median income of $6,003 per month so the average renter in Carleton is spending roughly 15% of their earnings on housing.
Nationally, and in Carleton, home values are the data point most closely correlated with the cost of rent. The median price of a home in Carleton is $223,676 right now, which is higher than nearby cities, meaning that rents in Carleton also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Carleton while lower rent rates are often available in northern areas.
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