Lake Hill 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 Lake Hill is about $1,403 per month. This puts it in the 82nd percentile compared to the state average cost of rent, which is $1,514. Households in Lake Hill have a median income of $7,996 per month so the average renter in Lake Hill is spending roughly 18% of their earnings on housing.
Nationally, and in Lake Hill, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Hill is $516,871 right now, which is higher than nearby cities, meaning that rents in Lake Hill also tend to be higher versus these nearby cities.
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