Wise River 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 Wise River is about $654 per month. This puts it in the 27th percentile compared to the state average cost of rent, which is $950. Households in Wise River have a median income of $5,747 per month so the average renter in Wise River is spending roughly 11% of their earnings on housing.
Nationally, and in Wise River, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wise River is $306,918 right now, which is higher than nearby cities, meaning that rents in Wise River also tend to be higher versus these nearby cities.
Higher rent prices are common in the northeastern parts of Wise River while lower rent rates are often available in central areas.
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