Mineral Ridge 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 Ridge is about $706 per month. This puts it in the 25th percentile compared to the state average cost of rent, which is $964. Households in Mineral Ridge have a median income of $4,513 per month so the average renter in Mineral Ridge is spending roughly 16% of their earnings on housing.
Nationally, and in Mineral Ridge, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mineral Ridge is $133,157 right now, which is lower than nearby cities, meaning that rents in Mineral Ridge also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Mineral Ridge while lower rent rates are often available in western areas.
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