Milo 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 Milo is about $1,223 per month. This puts it in the 94th percentile compared to the state average cost of rent, which is $1,024. Households in Milo have a median income of $7,253 per month so the average renter in Milo is spending roughly 17% of their earnings on housing.
Nationally, and in Milo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Milo is $328,286 right now, which is higher than nearby cities, meaning that rents in Milo also tend to be higher versus these nearby cities.
Higher rent prices are common in the eastern parts of Milo while lower rent rates are often available in central areas.
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