Wake Village 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 Wake Village is about $792 per month. This puts it in the 36th percentile compared to the state average cost of rent, which is $1,261. Households in Wake Village have a median income of $6,227 per month so the average renter in Wake Village is spending roughly 13% of their earnings on housing.
Nationally, and in Wake Village, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wake Village is $134,494 right now, which is lower than nearby cities, meaning that rents in Wake Village also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Wake Village while lower rent rates are often available in southwestern areas.
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