Island Pond 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 Island Pond is about $734 per month. This puts it in the 7th percentile compared to the state average cost of rent, which is $1,116. Households in Island Pond have a median income of $3,544 per month so the average renter in Island Pond is spending roughly 21% of their earnings on housing.
Nationally, and in Island Pond, home values are the data point most closely correlated with the cost of rent. The median price of a home in Island Pond is $100,621 right now, which is lower than nearby cities, meaning that rents in Island Pond also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Island Pond while lower rent rates are often available in eastern areas.
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