The Most and Least Expensive Areas to Rent in New Albin, IA

New Albin 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.

 

New Albin, IA of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in New Albin is about $585 per month. This puts it in the 10th percentile compared to the state average cost of rent, which is $884. Households in New Albin have a median income of $5,497 per month so the average renter in New Albin is spending roughly 11% of their earnings on housing.

Nationally, and in New Albin, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Albin is $142,240 right now, which is lower than nearby cities, meaning that rents in New Albin also tend to be lower versus these nearby cities.

Higher rent prices are common in the southeastern parts of New Albin while lower rent rates are often available in central areas.

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