Mount Penn 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 Mount Penn is about $901 per month. This puts it in the 64th percentile compared to the state average cost of rent, which is $1,115. Households in Mount Penn have a median income of $5,113 per month so the average renter in Mount Penn is spending roughly 18% of their earnings on housing.
Nationally, and in Mount Penn, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mount Penn is $132,667 right now, which is lower than nearby cities, meaning that rents in Mount Penn also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Mount Penn while lower rent rates are often available in northern areas.
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