Herring 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 Herring is about $648 per month. This puts it in the 29th percentile compared to the state average cost of rent, which is $917. Households in Herring have a median income of $5,664 per month so the average renter in Herring is spending roughly 11% of their earnings on housing.
Nationally, and in Herring, home values are the data point most closely correlated with the cost of rent. The median price of a home in Herring is $138,686 right now, which is higher than nearby cities, meaning that rents in Herring also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Herring while lower rent rates are often available in central areas.
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