Federal Dam 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 Federal Dam is about $791 per month. This puts it in the 45th percentile compared to the state average cost of rent, which is $1,169. Households in Federal Dam have a median income of $4,075 per month so the average renter in Federal Dam is spending roughly 19% of their earnings on housing.
Nationally, and in Federal Dam, home values are the data point most closely correlated with the cost of rent. The median price of a home in Federal Dam is $196,257 right now, which is lower than nearby cities, meaning that rents in Federal Dam also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Federal Dam while lower rent rates are often available in southern areas.
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