Lower Grand Lagoon 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 Lower Grand Lagoon is about $1,157 per month. This puts it in the 52nd percentile compared to the state average cost of rent, which is $1,453. Households in Lower Grand Lagoon have a median income of $5,425 per month so the average renter in Lower Grand Lagoon is spending roughly 21% of their earnings on housing.
Nationally, and in Lower Grand Lagoon, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lower Grand Lagoon is $263,907 right now, which is higher than nearby cities, meaning that rents in Lower Grand Lagoon also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Lower Grand Lagoon while lower rent rates are often available in northern areas.
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