Grand Meadow 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 Grand Meadow is about $714 per month. This puts it in the 27th percentile compared to the state average cost of rent, which is $1,169. Households in Grand Meadow have a median income of $5,904 per month so the average renter in Grand Meadow is spending roughly 12% of their earnings on housing.
Nationally, and in Grand Meadow, home values are the data point most closely correlated with the cost of rent. The median price of a home in Grand Meadow is $189,748 right now, which is lower than nearby cities, meaning that rents in Grand Meadow also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Grand Meadow while lower rent rates are often available in central areas.
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