Steele 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 Steele is about $765 per month. This puts it in the 67th percentile compared to the state average cost of rent, which is $856. Households in Steele have a median income of $3,958 per month so the average renter in Steele is spending roughly 19% of their earnings on housing.
Nationally, and in Steele, home values are the data point most closely correlated with the cost of rent. The median price of a home in Steele is $57,700 right now, which is lower than nearby cities, meaning that rents in Steele also tend to be lower versus these nearby cities.
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