Iron Station 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 Iron Station is about $1,039 per month. This puts it in the 82nd percentile compared to the state average cost of rent, which is $1,066. Households in Iron Station have a median income of $5,835 per month so the average renter in Iron Station is spending roughly 18% of their earnings on housing.
Nationally, and in Iron Station, home values are the data point most closely correlated with the cost of rent. The median price of a home in Iron Station is $175,559 right now, which is lower than nearby cities, meaning that rents in Iron Station also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Iron Station while lower rent rates are often available in southern areas.
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