Our Town 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 Our Town is about $583 per month. This puts it in the 21st percentile compared to the state average cost of rent, which is $964. Households in Our Town have a median income of $4,382 per month so the average renter in Our Town is spending roughly 13% of their earnings on housing.
Nationally, and in Our Town, home values are the data point most closely correlated with the cost of rent. The median price of a home in Our Town is $235,062 right now, which is lower than nearby cities, meaning that rents in Our Town also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Our Town while lower rent rates are often available in northwestern areas.
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