Vermont 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 Vermont is about $1,116 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Vermont have a median income of $6,029 per month so the average renter in Vermont is spending roughly 19% of their earnings on housing.
Nationally, and in Vermont, home values are the data point most closely correlated with the cost of rent. The median price of a home in Vermont is $260,894 right now, which is lower than nearby states, meaning that rents in Vermont also tend to be lower versus these nearby states.
Higher rent prices are common in the western parts of Vermont while lower rent rates are often available in northeastern areas.
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