Rayon Terrace 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 Rayon Terrace is about $665 per month. This puts it in the 19th percentile compared to the state average cost of rent, which is $1,444. Households in Rayon Terrace have a median income of $3,319 per month so the average renter in Rayon Terrace is spending roughly 20% of their earnings on housing.
Nationally, and in Rayon Terrace, home values are the data point most closely correlated with the cost of rent. The median price of a home in Rayon Terrace is $127,855 right now, which is lower than nearby cities, meaning that rents in Rayon Terrace also tend to be lower versus these nearby cities.
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