Lockney 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 Lockney is about $748 per month. This puts it in the 28th percentile compared to the state average cost of rent, which is $1,261. Households in Lockney have a median income of $5,006 per month so the average renter in Lockney is spending roughly 15% of their earnings on housing.
Nationally, and in Lockney, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lockney is $84,439 right now, which is lower than nearby cities, meaning that rents in Lockney also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Lockney while lower rent rates are often available in central areas.
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