Rio Grande Municipio 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 Rio Grande Municipio is about $640 per month. This puts it in the 86th percentile compared to the state average cost of rent, which is $584. Households in Rio Grande Municipio have a median income of $2,076 per month so the average renter in Rio Grande Municipio is spending roughly 31% of their earnings on housing.
Nationally, and in Rio Grande Municipio, home values are the data point most closely correlated with the cost of rent. The median price of a home in Rio Grande Municipio is $118,781 right now, which is lower than nearby counties, meaning that rents in Rio Grande Municipio also tend to be lower versus these nearby counties.
Higher rent prices are common in the northeastern parts of Rio Grande Municipio while lower rent rates are often available in southwestern areas.
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