Wallace County 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 Wallace County is about $491 per month. This puts it in the 1st percentile compared to the state average cost of rent, which is $1,000. Households in Wallace County have a median income of $5,205 per month so the average renter in Wallace County is spending roughly 9% of their earnings on housing.
Nationally, and in Wallace County, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wallace County is $86,013 right now, which is lower than nearby counties, meaning that rents in Wallace County also tend to be lower versus these nearby counties.
Higher rent prices are common in the northwestern parts of Wallace County while lower rent rates are often available in central areas.
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