Knik 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 Knik is about $1,011 per month. This puts it in the 61st percentile compared to the state average cost of rent, which is $1,277. Households in Knik have a median income of $5,536 per month so the average renter in Knik is spending roughly 18% of their earnings on housing.
Nationally, and in Knik, home values are the data point most closely correlated with the cost of rent. The median price of a home in Knik is $181,206 right now, which is lower than nearby cities, meaning that rents in Knik also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Knik while lower rent rates are often available in northern areas.
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