Ponakin Mill 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 Ponakin Mill is about $1,531 per month. This puts it in the 69th percentile compared to the state average cost of rent, which is $1,522. Households in Ponakin Mill have a median income of $10,423 per month so the average renter in Ponakin Mill is spending roughly 15% of their earnings on housing.
Nationally, and in Ponakin Mill, home values are the data point most closely correlated with the cost of rent. The median price of a home in Ponakin Mill is $377,138 right now, which is lower than nearby cities, meaning that rents in Ponakin Mill also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Ponakin Mill while lower rent rates are often available in central areas.
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