Montello 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 Montello is about $1,423 per month. This puts it in the 43rd percentile compared to the city average cost of rent, which is $1,427. Households in Montello have a median income of $5,751 per month so the average renter in Montello is spending roughly 25% of their earnings on housing.
Nationally, and in Montello, home values are the data point most closely correlated with the cost of rent. The median price of a home in Montello is $299,740 right now, which is lower than nearby neighborhoods, meaning that rents in Montello also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of Montello while lower rent rates are often available in southeastern areas.
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