New Madrid County 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 Madrid County is about $679 per month. This puts it in the 42nd percentile compared to the state average cost of rent, which is $952. Households in New Madrid County have a median income of $4,078 per month so the average renter in New Madrid County is spending roughly 17% of their earnings on housing.
Nationally, and in New Madrid County, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Madrid County is $101,230 right now, which is lower than nearby counties, meaning that rents in New Madrid County also tend to be lower versus these nearby counties.
Higher rent prices are common in the northeastern parts of New Madrid County while lower rent rates are often available in northwestern areas.
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