Palco 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 Palco is about $569 per month. This puts it in the 14th percentile compared to the state average cost of rent, which is $1,000. Households in Palco have a median income of $5,494 per month so the average renter in Palco is spending roughly 10% of their earnings on housing.
Nationally, and in Palco, home values are the data point most closely correlated with the cost of rent. The median price of a home in Palco is $65,060 right now, which is lower than nearby cities, meaning that rents in Palco also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Palco while lower rent rates are often available in southwestern areas.
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