Renting in rural Mexico is interesting.
It’s a cash heavy and remittance society so most people value the value of the work/construction of their home, upwards $100,000+ but pay very little in property tax and rent for very little ($100-$250/mo).
The rent is seen as a way to offset the cost of construction while folks live elsewhere like the US or cultivate farms while workers typically get paid roughly $500 a month.
The economy in rural Mexico is obviously different than urban cities centers but drastically different than US suburbia.