Spring Lake Park 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 Spring Lake Park is about $1,247 per month. This puts it in the 89th percentile compared to the state average cost of rent, which is $1,169. Households in Spring Lake Park have a median income of $6,163 per month so the average renter in Spring Lake Park is spending roughly 20% of their earnings on housing.
Nationally, and in Spring Lake Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Spring Lake Park is $225,886 right now, which is higher than nearby cities, meaning that rents in Spring Lake Park also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Spring Lake Park while lower rent rates are often available in southwestern areas.
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