Perdido 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 Perdido is about $624 per month. This puts it in the 30th percentile compared to the state average cost of rent, which is $964. Households in Perdido have a median income of $3,431 per month so the average renter in Perdido is spending roughly 18% of their earnings on housing.
Nationally, and in Perdido, home values are the data point most closely correlated with the cost of rent. The median price of a home in Perdido is $119,131 right now, which is lower than nearby cities, meaning that rents in Perdido also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Perdido while lower rent rates are often available in northeastern areas.
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