Melvin 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 Melvin is about $776 per month. This puts it in the 51st percentile compared to the state average cost of rent, which is $1,235. Households in Melvin have a median income of $4,221 per month so the average renter in Melvin is spending roughly 18% of their earnings on housing.
Nationally, and in Melvin, home values are the data point most closely correlated with the cost of rent. The median price of a home in Melvin is $64,328 right now, which is lower than nearby cities, meaning that rents in Melvin also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Melvin while lower rent rates are often available in northwestern areas.
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