$775 Per Month
- 3 Beds
- 1 Bath
- 950 Sq Ft
- Condo for Rent
201 E 1st St Unit B, Merrill, WI 54452
Frequently Asked Questions
How much does it cost to rent a condo in Merrill, WI?
The median rent for a condo in Merrill, WI is $773 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Merrill, WI?
To comfortably afford the median rent in Merrill, WI, a household needs to earn roughly $34,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $860 per month in Merrill, WI, renters typically need to show $2,580 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Merrill, WI?
In Merrill, WI, the price-to-rent ratio is 18.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Merrill, WI are best for renting a condo?
The best neighborhood for renting in Merrill, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Westies, East Towne, Werle Park, Southwest Jones and Longfellow, each with its own character and price range.
