Caspian 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 Caspian is about $631 per month. This puts it in the 8th percentile compared to the state average cost of rent, which is $1,036. Households in Caspian have a median income of $4,067 per month so the average renter in Caspian is spending roughly 16% of their earnings on housing.
Nationally, and in Caspian, home values are the data point most closely correlated with the cost of rent. The median price of a home in Caspian is $75,495 right now, which is lower than nearby cities, meaning that rents in Caspian also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Caspian while lower rent rates are often available in eastern areas.
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