Grenada 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 Grenada is about $870 per month. This puts it in the 11th percentile compared to the state average cost of rent, which is $1,958. Households in Grenada have a median income of $6,646 per month so the average renter in Grenada is spending roughly 13% of their earnings on housing.
Nationally, and in Grenada, home values are the data point most closely correlated with the cost of rent. The median price of a home in Grenada is $292,151 right now, which is higher than nearby cities, meaning that rents in Grenada also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Grenada while lower rent rates are often available in central areas.
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