New Manchester 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 Manchester is about $660 per month. This puts it in the 43rd percentile compared to the state average cost of rent, which is $781. Households in New Manchester have a median income of $3,659 per month so the average renter in New Manchester is spending roughly 18% of their earnings on housing.
Nationally, and in New Manchester, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Manchester is $118,593 right now, which is lower than nearby cities, meaning that rents in New Manchester also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of New Manchester while lower rent rates are often available in northeastern areas.
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