South Otselic 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 South Otselic is about $707 per month. This puts it in the 13th percentile compared to the state average cost of rent, which is $1,514. Households in South Otselic have a median income of $4,850 per month so the average renter in South Otselic is spending roughly 15% of their earnings on housing.
Nationally, and in South Otselic, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Otselic is $85,070 right now, which is lower than nearby cities, meaning that rents in South Otselic also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of South Otselic while lower rent rates are often available in northwestern areas.
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