Many Americans have been feeling the sting of high rent prices lately. With high housing costs across the U.S. and increasing mortgage rates, more people are being priced out of the market and have to rent instead. This has led to an increase in the demand for apartments and ultimately an increase in prices to meet that demand. This has led to many, including us, wondering, what are the most affordable cities in the U.S. for renting? And which cities should be avoided due to having the least affordable housing for rent in the country?
The research team at HousingList pulled rental price data from the National Rent Report and compared it to the median household income in the 100 most populous U.S. cities to determine where to find the most and least affordable rentals. Here is a map showing the cities in the US that have the highest and lowest priced rent for both one and two bedroom apartments.