Mineral Point 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 Mineral Point is about $734 per month. This puts it in the 29th percentile compared to the state average cost of rent, which is $975. Households in Mineral Point have a median income of $5,427 per month so the average renter in Mineral Point is spending roughly 14% of their earnings on housing.
Nationally, and in Mineral Point, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mineral Point is $195,534 right now, which is lower than nearby cities, meaning that rents in Mineral Point also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Mineral Point while lower rent rates are often available in eastern areas.
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