10 Most Affordable Places To Rent a Single-Family Home

The average home price is now just under $350,000, making homebuying a financial impossibility for many families. Those looking for an affordable alternative may consider renting a single-family home, so they can have the white-picket-fence experience without the hefty price tag.

Learn More: 5 Types of Homes That Will Plummet in Value in 2024

Although rents have also skyrocketed in recent years, there are still areas where single-family homes are available for rent at relatively low prices. A new RentCafe analysis has identified the 10 most affordable markets for single-family rentals, and in 9 out of the 10 locations, the average rent is below $1,500.

Here’s a look at where families can rent a house and stay on budget.

• Average rent for a single-family home: $1,203

• Average rent for a single-family home: $1,213

• Average rent for a single-family home: $1,317

• Average rent for a single-family home: $1,325

• Average rent for a single-family home: $1,360

• Average rent for a single-family home: $1,377

• Average rent for a single-family home: $1,401

• Average rent for a single-family home: $1,451

• Average rent for a single-family home: $1,475

• Average rent for a single-family home: $1,546

All data is sourced from RentCafe and is accurate as of Aug. 21, 2023.