Mountain Lake Park 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 Mountain Lake Park is about $615 per month. This puts it in the 3rd percentile compared to the state average cost of rent, which is $1,646. Households in Mountain Lake Park have a median income of $4,191 per month so the average renter in Mountain Lake Park is spending roughly 15% of their earnings on housing.
Nationally, and in Mountain Lake Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mountain Lake Park is $167,777 right now, which is lower than nearby cities, meaning that rents in Mountain Lake Park also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Mountain Lake Park while lower rent rates are often available in eastern areas.
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