Pell Lake 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 Pell Lake is about $1,121 per month. This puts it in the 92nd percentile compared to the state average cost of rent, which is $975. Households in Pell Lake have a median income of $6,066 per month so the average renter in Pell Lake is spending roughly 18% of their earnings on housing.
Nationally, and in Pell Lake, home values are the data point most closely correlated with the cost of rent. The median price of a home in Pell Lake is $159,689 right now, which is lower than nearby cities, meaning that rents in Pell Lake also tend to be lower versus these nearby cities.
Higher rent prices are common in the western parts of Pell Lake while lower rent rates are often available in northwestern areas.
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