Springville Lake Estates 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 Springville Lake Estates is about $583 per month. This puts it in the 21st percentile compared to the state average cost of rent, which is $964. Households in Springville Lake Estates have a median income of $6,814 per month so the average renter in Springville Lake Estates is spending roughly 9% of their earnings on housing.
Nationally, and in Springville Lake Estates, home values are the data point most closely correlated with the cost of rent. The median price of a home in Springville Lake Estates is $199,600 right now, which is higher than nearby cities, meaning that rents in Springville Lake Estates also tend to be higher versus these nearby cities.
Higher rent prices are common in the northern parts of Springville Lake Estates while lower rent rates are often available in northwestern areas.
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