Smith Homes 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 Smith Homes is about $771 per month. This puts it in the 4th percentile compared to the city average cost of rent, which is $999. Households in Smith Homes have a median income of $2,414 per month so the average renter in Smith Homes is spending roughly 32% of their earnings on housing.
Nationally, and in Smith Homes, home values are the data point most closely correlated with the cost of rent. The median price of a home in Smith Homes is $86,527 right now, which is lower than nearby neighborhoods, meaning that rents in Smith Homes also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Smith Homes while lower rent rates are often available in northeastern areas.
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