South Padre Island 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 Padre Island is about $1,304 per month. This puts it in the 89th percentile compared to the state average cost of rent, which is $1,261. Households in South Padre Island have a median income of $4,912 per month so the average renter in South Padre Island is spending roughly 27% of their earnings on housing.
Nationally, and in South Padre Island, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Padre Island is $328,400 right now, which is higher than nearby cities, meaning that rents in South Padre Island also tend to be higher versus these nearby cities.
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