Lake Odessa 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 Odessa is about $796 per month. This puts it in the 42nd percentile compared to the state average cost of rent, which is $1,036. Households in Lake Odessa have a median income of $5,917 per month so the average renter in Lake Odessa is spending roughly 13% of their earnings on housing.
Nationally, and in Lake Odessa, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Odessa is $148,505 right now, which is lower than nearby cities, meaning that rents in Lake Odessa also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Lake Odessa while lower rent rates are often available in eastern areas.
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