Elk Park 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 Elk Park is about $676 per month. This puts it in the 21st percentile compared to the state average cost of rent, which is $1,066. Households in Elk Park have a median income of $3,381 per month so the average renter in Elk Park is spending roughly 20% of their earnings on housing.
Nationally, and in Elk Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Elk Park is $135,072 right now, which is lower than nearby cities, meaning that rents in Elk Park also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Elk Park while lower rent rates are often available in southwestern areas.
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