Elba 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 Elba is about $581 per month. This puts it in the 9th percentile compared to the state average cost of rent, which is $1,235. Households in Elba have a median income of $6,330 per month so the average renter in Elba is spending roughly 9% of their earnings on housing.
Nationally, and in Elba, home values are the data point most closely correlated with the cost of rent. The median price of a home in Elba is $129,551 right now, which is higher than nearby cities, meaning that rents in Elba also tend to be higher versus these nearby cities.
Higher rent prices are common in the northern parts of Elba while lower rent rates are often available in eastern areas.
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