Smith Mills 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 Mills is about $851 per month. This puts it in the 41st percentile compared to the state average cost of rent, which is $1,514. Households in Smith Mills have a median income of $4,792 per month so the average renter in Smith Mills is spending roughly 18% of their earnings on housing.
Nationally, and in Smith Mills, home values are the data point most closely correlated with the cost of rent. The median price of a home in Smith Mills is $110,415 right now, which is higher than nearby cities, meaning that rents in Smith Mills also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Smith Mills while lower rent rates are often available in central areas.
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