Lake Station 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 Station is about $961 per month. This puts it in the 83rd percentile compared to the state average cost of rent, which is $960. Households in Lake Station have a median income of $4,564 per month so the average renter in Lake Station is spending roughly 21% of their earnings on housing.
Nationally, and in Lake Station, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Station is $91,834 right now, which is lower than nearby cities, meaning that rents in Lake Station also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Lake Station while lower rent rates are often available in southern areas.
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