The Most and Least Expensive Areas to Rent in South Elm, TX

South Elm 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.

 

South Elm, TX of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in South Elm is about $671 per month. This puts it in the 15th percentile compared to the state average cost of rent, which is $1,261. Households in South Elm have a median income of $4,066 per month so the average renter in South Elm is spending roughly 16% of their earnings on housing.

Nationally, and in South Elm, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Elm is $109,644 right now, which is lower than nearby cities, meaning that rents in South Elm also tend to be lower versus these nearby cities.

Higher rent prices are common in the southern parts of South Elm while lower rent rates are often available in central areas.

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