Parsonville 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 Parsonville is about $567 per month. This puts it in the 4th percentile compared to the state average cost of rent, which is $1,066. Households in Parsonville have a median income of $2,715 per month so the average renter in Parsonville is spending roughly 21% of their earnings on housing.
Nationally, and in Parsonville, home values are the data point most closely correlated with the cost of rent. The median price of a home in Parsonville is $136,001 right now, which is lower than nearby cities, meaning that rents in Parsonville also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Parsonville while lower rent rates are often available in central areas.
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