Shoto 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 Shoto is about $844 per month. This puts it in the 57th percentile compared to the state average cost of rent, which is $975. Households in Shoto have a median income of $5,448 per month so the average renter in Shoto is spending roughly 15% of their earnings on housing.
Nationally, and in Shoto, home values are the data point most closely correlated with the cost of rent. The median price of a home in Shoto is $154,774 right now, which is lower than nearby cities, meaning that rents in Shoto also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Shoto while lower rent rates are often available in central areas.
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