Lankin 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 Lankin is about $850 per month. This puts it in the 77th percentile compared to the state average cost of rent, which is $890. Households in Lankin have a median income of $5,469 per month so the average renter in Lankin is spending roughly 16% of their earnings on housing.
Nationally, and in Lankin, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lankin is $82,500 right now, which is lower than nearby cities, meaning that rents in Lankin also tend to be lower versus these nearby cities.
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