Mikado 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 Mikado is about $820 per month. This puts it in the 49th percentile compared to the state average cost of rent, which is $1,036. Households in Mikado have a median income of $3,839 per month so the average renter in Mikado is spending roughly 21% of their earnings on housing.
Nationally, and in Mikado, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mikado is $99,812 right now, which is lower than nearby cities, meaning that rents in Mikado also tend to be lower versus these nearby cities.
Higher rent prices are common in the western parts of Mikado while lower rent rates are often available in southeastern areas.
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