Pecan Gap 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 Pecan Gap is about $706 per month. This puts it in the 21st percentile compared to the state average cost of rent, which is $1,261. Households in Pecan Gap have a median income of $4,564 per month so the average renter in Pecan Gap is spending roughly 15% of their earnings on housing.
Nationally, and in Pecan Gap, home values are the data point most closely correlated with the cost of rent. The median price of a home in Pecan Gap is $120,347 right now, which is lower than nearby cities, meaning that rents in Pecan Gap also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Pecan Gap while lower rent rates are often available in northern areas.
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