New Hamlin 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 Hamlin is about $614 per month. This puts it in the 29th percentile compared to the state average cost of rent, which is $781. Households in New Hamlin have a median income of $3,471 per month so the average renter in New Hamlin is spending roughly 18% of their earnings on housing.
Nationally, and in New Hamlin, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Hamlin is $64,776 right now, which is lower than nearby cities, meaning that rents in New Hamlin also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of New Hamlin while lower rent rates are often available in central areas.
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