New Grenada 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 Grenada is about $796 per month. This puts it in the 45th percentile compared to the state average cost of rent, which is $1,115. Households in New Grenada have a median income of $3,689 per month so the average renter in New Grenada is spending roughly 22% of their earnings on housing.
Nationally, and in New Grenada, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Grenada is $98,234 right now, which is lower than nearby cities, meaning that rents in New Grenada also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of New Grenada while lower rent rates are often available in northern areas.
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