Oak Vale 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 Oak Vale is about $821 per month. This puts it in the 77th percentile compared to the state average cost of rent, which is $877. Households in Oak Vale have a median income of $3,190 per month so the average renter in Oak Vale is spending roughly 26% of their earnings on housing.
Nationally, and in Oak Vale, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oak Vale is $123,887 right now, which is lower than nearby cities, meaning that rents in Oak Vale also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Oak Vale while lower rent rates are often available in central areas.
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