Mount Sherman 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 Sherman is about $610 per month. This puts it in the 33rd percentile compared to the state average cost of rent, which is $847. Households in Mount Sherman have a median income of $2,812 per month so the average renter in Mount Sherman is spending roughly 22% of their earnings on housing.
Nationally, and in Mount Sherman, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mount Sherman is $177,214 right now, which is higher than nearby cities, meaning that rents in Mount Sherman also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Mount Sherman while lower rent rates are often available in northern areas.
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