Melbern 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 Melbern is about $900 per month. This puts it in the 71st percentile compared to the state average cost of rent, which is $964. Households in Melbern have a median income of $5,682 per month so the average renter in Melbern is spending roughly 16% of their earnings on housing.
Nationally, and in Melbern, home values are the data point most closely correlated with the cost of rent. The median price of a home in Melbern is $138,570 right now, which is higher than nearby cities, meaning that rents in Melbern also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Melbern while lower rent rates are often available in northwestern areas.
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