Thompsons 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 Thompsons is about $1,763 per month. This puts it in the 98th percentile compared to the state average cost of rent, which is $1,261. Households in Thompsons have a median income of $8,478 per month so the average renter in Thompsons is spending roughly 21% of their earnings on housing.
Nationally, and in Thompsons, home values are the data point most closely correlated with the cost of rent. The median price of a home in Thompsons is $441,453 right now, which is higher than nearby cities, meaning that rents in Thompsons also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Thompsons while lower rent rates are often available in eastern areas.
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