Perma 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 Perma is about $664 per month. This puts it in the 28th percentile compared to the state average cost of rent, which is $950. Households in Perma have a median income of $3,748 per month so the average renter in Perma is spending roughly 18% of their earnings on housing.
Nationally, and in Perma, home values are the data point most closely correlated with the cost of rent. The median price of a home in Perma is $223,101 right now, which is lower than nearby cities, meaning that rents in Perma also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Perma while lower rent rates are often available in central areas.
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