Chippewa Bay 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 Chippewa Bay is about $839 per month. This puts it in the 38th percentile compared to the state average cost of rent, which is $1,514. Households in Chippewa Bay have a median income of $4,870 per month so the average renter in Chippewa Bay is spending roughly 17% of their earnings on housing.
Nationally, and in Chippewa Bay, home values are the data point most closely correlated with the cost of rent. The median price of a home in Chippewa Bay is $181,778 right now, which is higher than nearby cities, meaning that rents in Chippewa Bay also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Chippewa Bay while lower rent rates are often available in central areas.
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