Thermo 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 Thermo is about $867 per month. This puts it in the 50th percentile compared to the state average cost of rent, which is $1,261. Households in Thermo have a median income of $7,232 per month so the average renter in Thermo is spending roughly 12% of their earnings on housing.
Nationally, and in Thermo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Thermo is $165,298 right now, which is higher than nearby cities, meaning that rents in Thermo also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Thermo while lower rent rates are often available in southwestern areas.
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