Nelson 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 Nelson is about $716 per month. This puts it in the 37th percentile compared to the state average cost of rent, which is $1,235. Households in Nelson have a median income of $5,843 per month so the average renter in Nelson is spending roughly 12% of their earnings on housing.
Nationally, and in Nelson, home values are the data point most closely correlated with the cost of rent. The median price of a home in Nelson is $160,742 right now, which is higher than nearby cities, meaning that rents in Nelson also tend to be higher versus these nearby cities.
Higher rent prices are common in the western parts of Nelson while lower rent rates are often available in eastern areas.
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