Cove 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 Cove is about $1,674 per month. This puts it in the 96th percentile compared to the state average cost of rent, which is $1,261. Households in Cove have a median income of $6,766 per month so the average renter in Cove is spending roughly 25% of their earnings on housing.
Nationally, and in Cove, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cove is $280,565 right now, which is higher than nearby cities, meaning that rents in Cove also tend to be higher versus these nearby cities.
Higher rent prices are common in the western parts of Cove while lower rent rates are often available in northeastern areas.
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