These Are the 50 Best Cities for Renters

Buying a home seems to be all the rage during the pandemic, as interest rates have bottomed out and made the mortgage loan process a lot easier to swallow. Still, many Americans aren’t jumping to buy. After all, the coronavirus pandemic put millions of people out of work, and others fear a future layoff — not to mention the sky-high listing prices that are causing some experts to warn of an impending crash.

Find Out: 

But while no one likes to pay rent, the cost of that burden differs greatly depending on where you live, a GOBankingRates study shows. GOBankingRates compiled data on the median rental price for different sizes and types of living spaces across the 150 largest cities in America, then scored each and combined the averages to reveal the cheapest places to rent in the country. Before uprooting to a new city, it’s financially savvy to find out if you can afford the rent.

• Population: 200,660
• Median rent (overall): $1,193
  
• Median rent (1-bedroom): $910
• Median rent (2-bedroom): $1,182

Check Out: 

• Population: 324,692
• Median rent (overall): $1,108
  
• Median rent (1-bedroom): $913
• Median rent (2-bedroom): $1,123

Related: 

• Population: 177,365
• Median rent (overall): $1,074
• Median rent (1-bedroom): $882
• Median rent (2-bedroom): $1,054

From Houses to RVs: 

• Population: 197,081
• Median rent (overall): $1,106
  
• Median rent (1-bedroom): $872
• Median rent (2-bedroom): $1,116

• Population: 302,760
• Median rent (overall): $1,037
  
• Median rent (1-bedroom): $899
• Median rent (2-bedroom): $1,133

• Population: 539,216
• Median rent (overall): $1,100
  
• Median rent (1-bedroom): $834
• Median rent (2-bedroom): $1,107

• Population: 481,417
• Median rent (overall): $1,068
  
• Median rent (1-bedroom): $919
• Median rent (2-bedroom): $1,078

• Population: 2,295,982
• Median rent (overall): $1,031
  
• Median rent (1-bedroom): $906
• Median rent (2-bedroom): $1,078

• Population: 1,486,521
• Median rent (overall): $1,044
  
• Median rent (1-bedroom): $898
• Median rent (2-bedroom): $1,090

• Population: 389,648
• Median rent (overall): $1,049
  
• Median rent (1-bedroom): $917
• Median rent (2-bedroom): $1,071

• Population: 288,719
• Median rent (overall): $1,014
  
• Median rent (1-bedroom): $864
• Median rent (2-bedroom): $1,002

• Population: 193,663
• Median rent (overall): $1,059
  
• Median rent (1-bedroom): $842
• Median rent (2-bedroom): $1,005

• Population: 207,778
• Median rent (overall): $1,013
  
• Median rent (1-bedroom): $842
• Median rent (2-bedroom): $1,076

• Population: 375,699
• Median rent (overall): $1,071
  
• Median rent (1-bedroom): $756
• Median rent (2-bedroom): $985

• Population: 214,804
• Median rent (overall): $1,022
  
• Median rent (1-bedroom): $765
• Median rent (2-bedroom): $1,051

• Population: 212,021
• Median rent (overall): $962
  
• Median rent (1-bedroom): $808
• Median rent (2-bedroom): $952

• Population: 559,202
• Median rent (overall): $1,019
  
• Median rent (1-bedroom): $813
• Median rent (2-bedroom): $1,001

• Population: 857,637
• Median rent (overall): $996
  
• Median rent (1-bedroom): $831
• Median rent (2-bedroom): $1,014

• Population: 311,273
• Median rent (overall): $941
  
• Median rent (1-bedroom): $827
• Median rent (2-bedroom): $1,066

• Population: 465,112
• Median rent (overall): $977
  
• Median rent (1-bedroom): $810
• Median rent (2-bedroom): $1,035

• Population: 867,628
• Median rent (overall): $1,007
  
• Median rent (1-bedroom): $810
• Median rent (2-bedroom): $1,020

• Population: 653,248
• Median rent (overall): $1,004
  
• Median rent (1-bedroom): $829
• Median rent (2-bedroom): $967

• Population: 196,670
• Median rent (overall): $995
  
• Median rent (1-bedroom): $801
• Median rent (2-bedroom): $924

• Population: 209,867
• Median rent (overall): $1,027
  
• Median rent (1-bedroom): $777
• Median rent (2-bedroom): $914

• Population: 225,362
• Median rent (overall): $973
  
• Median rent (1-bedroom): $813
• Median rent (2-bedroom): $950

• Population: 617,032
• Median rent (overall): $966
  
• Median rent (1-bedroom): $783
• Median rent (2-bedroom): $985

• Population: 185,429
• Median rent (overall): $987
  
• Median rent (1-bedroom): $775
• Median rent (2-bedroom): $971

• Population: 318,734
• Median rent (overall): $982
  
• Median rent (1-bedroom): $781
• Median rent (2-bedroom): $955

• Population: 303,587
• Median rent (overall): $926
  
• Median rent (1-bedroom): $761
• Median rent (2-bedroom): $962

• Population: 196,807
• Median rent (overall): $997
  
• Median rent (1-bedroom): $792
• Median rent (2-bedroom): $932

Options: Best Places To Live On a $50,000 Salary in Every State

• Population: 200,156
• Median rent (overall): $992
  
• Median rent (1-bedroom): $763
• Median rent (2-bedroom): $941

• Population: 637,284
• Median rent (overall): $933
  
• Median rent (1-bedroom): $735
• Median rent (2-bedroom): $916

• Population: 174,151
• Median rent (overall): $886
  
• Median rent (1-bedroom): $740
• Median rent (2-bedroom): $901

• Population: 280,849
• Median rent (overall): $913
  
• Median rent (1-bedroom): $743
• Median rent (2-bedroom): $932

• Population: 402,223
• Median rent (overall): $918
  
• Median rent (1-bedroom): $722
• Median rent (2-bedroom): $930

• Population: 680,354
• Median rent (overall): $942
  
• Median rent (1-bedroom): $740
• Median rent (2-bedroom): $904

• Population: 191,485
• Median rent (overall): $929
  
• Median rent (1-bedroom): $695
• Median rent (2-bedroom): $888

• Population: 596,886
• Median rent (overall): $914
  
• Median rent (1-bedroom): $747
• Median rent (2-bedroom): $918

• Population: 250,415
• Median rent (overall): $890
  
• Median rent (1-bedroom): $694
• Median rent (2-bedroom): $856

• Population: 242,125
• Median rent (overall): $883
  
• Median rent (1-bedroom): $702
• Median rent (2-bedroom): $856

• Population: 215,932
• Median rent (overall): $856
  
• Median rent (1-bedroom): $720
• Median rent (2-bedroom): $893

• Population: 677,155
• Median rent (overall): $916
  
• Median rent (1-bedroom): $671
• Median rent (2-bedroom): $895

• Population: 300,357
• Median rent (overall): $806
  
• Median rent (1-bedroom): $691
• Median rent (2-bedroom): $878

• Population: 198,135
• Median rent (overall): $822
  
• Median rent (1-bedroom): $702
• Median rent (2-bedroom): $834

• Population: 193,785
• Median rent (overall): $819
  
• Median rent (1-bedroom): $694
• Median rent (2-bedroom): $827

• Population: 264,052
• Median rent (overall): $805
  
• Median rent (1-bedroom): $647
• Median rent (2-bedroom): $815

• Population: 198,773
• Median rent (overall): $802
  
• Median rent (1-bedroom): $625
• Median rent (2-bedroom): $807

• Population: 198,314
• Median rent (overall): $792
  
• Median rent (1-bedroom): $603
• Median rent (2-bedroom): $800

• Population: 278,193
• Median rent (overall): $786
  
• Median rent (1-bedroom): $596
• Median rent (2-bedroom): $789

• Population: 387,398
• Median rent (overall): $773
  
• Median rent (1-bedroom): $611
• Median rent (2-bedroom): $779

More From GOBankingRates

• 10 Places To Retire That Are Just Like Arizona but Way Cheaper
• If You Find a Rare 'Doubled Die' Penny, It Could Be Worth $1.14 Million
• 3 Ways to Recession Proof Your Retirement
• 5 Mistakes Even High Earners Make

Joel Anderson and Gabrielle Olya contributed to the reporting for this article.

To find the 50 best cities for renters, GOBankingRates looked at the 150 largest cities in the U.S. according to the Census Bureau’s 2018 American Community Survey and used Apartment List’s October, 2020 rental data to find each city’s (1) overall estimated typical rent price, (2) estimated rent for a studio, (3) estimated rent for a 1-bedroom, (4) estimated rent for a 2-bedroom, and (5) estimated rent for a 3-bedroom. GOBankingRates then scored all cities with available data against each other on factors (1-5) and ranked them based on their combined score. No. 1 is the overall best city for renters in terms of affordability. All data was collected on and up to date as of Nov. 4, 2020.