New Florence 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 New Florence is about $723 per month. This puts it in the 54th percentile compared to the state average cost of rent, which is $952. Households in New Florence have a median income of $4,380 per month so the average renter in New Florence is spending roughly 17% of their earnings on housing.
Nationally, and in New Florence, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Florence is $140,444 right now, which is lower than nearby cities, meaning that rents in New Florence also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of New Florence while lower rent rates are often available in southern areas.
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