Olin 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 Olin is about $766 per month. This puts it in the 31st percentile compared to the state average cost of rent, which is $1,261. Households in Olin have a median income of $4,195 per month so the average renter in Olin is spending roughly 18% of their earnings on housing.
Nationally, and in Olin, home values are the data point most closely correlated with the cost of rent. The median price of a home in Olin is $117,132 right now, which is lower than nearby cities, meaning that rents in Olin also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Olin while lower rent rates are often available in central areas.
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