Lake Poinsett 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 Poinsett is about $727 per month. This puts it in the 57th percentile compared to the state average cost of rent, which is $846. Households in Lake Poinsett have a median income of $6,079 per month so the average renter in Lake Poinsett is spending roughly 12% of their earnings on housing.
Nationally, and in Lake Poinsett, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Poinsett is $160,791 right now, which is lower than nearby cities, meaning that rents in Lake Poinsett also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Lake Poinsett while lower rent rates are often available in southeastern areas.
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