Palo Pinto 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 Palo Pinto is about $722 per month. This puts it in the 24th percentile compared to the state average cost of rent, which is $1,261. Households in Palo Pinto have a median income of $5,003 per month so the average renter in Palo Pinto is spending roughly 14% of their earnings on housing.
Nationally, and in Palo Pinto, home values are the data point most closely correlated with the cost of rent. The median price of a home in Palo Pinto is $209,273 right now, which is higher than nearby cities, meaning that rents in Palo Pinto also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Palo Pinto while lower rent rates are often available in northwestern areas.
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