Florence 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 the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Florence is about $985 per month. This puts it in the 66th percentile compared to the state average cost of rent, which is $1,362. Households in Florence have a median income of $4,412 per month so the average renter in Florence is spending roughly 22% of their earnings on housing.
Nationally, and in Florence, home values are the data point most closely correlated with the cost of rent. The median price of a home in Florence is $172,024 right now, which is lower than cities nearby, meaning that rents in Florence also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Florence while lower rent rates are often available in eastern areas.
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