Crane Lake 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 Crane Lake is about $605 per month. This puts it in the 7th percentile compared to the state average cost of rent, which is $1,169. Households in Crane Lake have a median income of $5,428 per month so the average renter in Crane Lake is spending roughly 11% of their earnings on housing.
Nationally, and in Crane Lake, home values are the data point most closely correlated with the cost of rent. The median price of a home in Crane Lake is $328,462 right now, which is higher than nearby cities, meaning that rents in Crane Lake also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Crane Lake while lower rent rates are often available in eastern areas.
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