Sweet Lips 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 Sweet Lips is about $588 per month. This puts it in the 11th percentile compared to the state average cost of rent, which is $1,035. Households in Sweet Lips have a median income of $4,249 per month so the average renter in Sweet Lips is spending roughly 14% of their earnings on housing.
Nationally, and in Sweet Lips, home values are the data point most closely correlated with the cost of rent. The median price of a home in Sweet Lips is $154,802 right now, which is higher than nearby cities, meaning that rents in Sweet Lips also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Sweet Lips while lower rent rates are often available in central areas.
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