Lippe 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 Lippe is about $607 per month. This puts it in the 7th percentile compared to the state average cost of rent, which is $960. Households in Lippe have a median income of $6,203 per month so the average renter in Lippe is spending roughly 10% of their earnings on housing.
Nationally, and in Lippe, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lippe is $154,297 right now, which is lower than nearby cities, meaning that rents in Lippe also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Lippe while lower rent rates are often available in northeastern areas.
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