Malta 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 Malta is about $517 per month. This puts it in the 9th percentile compared to the state average cost of rent, which is $950. Households in Malta have a median income of $4,106 per month so the average renter in Malta is spending roughly 13% of their earnings on housing.
Nationally, and in Malta, home values are the data point most closely correlated with the cost of rent. The median price of a home in Malta is $139,912 right now, which is lower than nearby cities, meaning that rents in Malta also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Malta while lower rent rates are often available in southeastern areas.
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