Cave Spring 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 Cave Spring is about $852 per month. This puts it in the 61st percentile compared to the state average cost of rent, which is $1,233. Households in Cave Spring have a median income of $4,967 per month so the average renter in Cave Spring is spending roughly 17% of their earnings on housing.
Nationally, and in Cave Spring, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cave Spring is $130,682 right now, which is lower than nearby cities, meaning that rents in Cave Spring also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Cave Spring while lower rent rates are often available in northern areas.
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