Hannibal 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 Hannibal is about $842 per month. This puts it in the 57th percentile compared to the state average cost of rent, which is $975. Households in Hannibal have a median income of $5,039 per month so the average renter in Hannibal is spending roughly 17% of their earnings on housing.
Nationally, and in Hannibal, home values are the data point most closely correlated with the cost of rent. The median price of a home in Hannibal is $169,846 right now, which is higher than nearby cities, meaning that rents in Hannibal also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Hannibal while lower rent rates are often available in southern areas.
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