Shoal 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 Shoal is about $687 per month. This puts it in the 24th percentile compared to the state average cost of rent, which is $1,066. Households in Shoal have a median income of $5,526 per month so the average renter in Shoal is spending roughly 12% of their earnings on housing.
Nationally, and in Shoal, home values are the data point most closely correlated with the cost of rent. The median price of a home in Shoal is $214,509 right now, which is higher than nearby cities, meaning that rents in Shoal also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Shoal while lower rent rates are often available in southern areas.
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