Coltons Mill 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 Coltons Mill is about $683 per month. This puts it in the 22nd percentile compared to the state average cost of rent, which is $1,444. Households in Coltons Mill have a median income of $5,335 per month so the average renter in Coltons Mill is spending roughly 13% of their earnings on housing.
Nationally, and in Coltons Mill, home values are the data point most closely correlated with the cost of rent. The median price of a home in Coltons Mill is $200,956 right now, which is lower than nearby cities, meaning that rents in Coltons Mill also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Coltons Mill while lower rent rates are often available in central areas.
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