Medway 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 Medway is about $801 per month. This puts it in the 50th percentile compared to the state average cost of rent, which is $964. Households in Medway have a median income of $4,543 per month so the average renter in Medway is spending roughly 18% of their earnings on housing.
Nationally, and in Medway, home values are the data point most closely correlated with the cost of rent. The median price of a home in Medway is $90,360 right now, which is lower than nearby cities, meaning that rents in Medway also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Medway while lower rent rates are often available in eastern areas.
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