Pace 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 Pace is about $596 per month. This puts it in the 21st percentile compared to the state average cost of rent, which is $877. Households in Pace have a median income of $4,903 per month so the average renter in Pace is spending roughly 12% of their earnings on housing.
Nationally, and in Pace, home values are the data point most closely correlated with the cost of rent. The median price of a home in Pace is $162,767 right now, which is higher than nearby cities, meaning that rents in Pace also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Pace while lower rent rates are often available in central areas.
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