New Sharon 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 Sharon is about $531 per month. This puts it in the 4th percentile compared to the state average cost of rent, which is $884. Households in New Sharon have a median income of $5,671 per month so the average renter in New Sharon is spending roughly 9% of their earnings on housing.
Nationally, and in New Sharon, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Sharon is $139,099 right now, which is lower than nearby cities, meaning that rents in New Sharon also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of New Sharon while lower rent rates are often available in central areas.
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