Red Falls 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 Red Falls is about $551 per month. This puts it in the 1st percentile compared to the state average cost of rent, which is $1,514. Households in Red Falls have a median income of $4,233 per month so the average renter in Red Falls is spending roughly 13% of their earnings on housing.
Nationally, and in Red Falls, home values are the data point most closely correlated with the cost of rent. The median price of a home in Red Falls is $171,754 right now, which is lower than nearby cities, meaning that rents in Red Falls also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Red Falls while lower rent rates are often available in central areas.
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