15 cities where rentals cost up to $ 600
Despite the fact that financial experts assure that for a comfortable life, Americans should pay for rent no more than 30% of monthly income, half of 43 of millions of Americans who rent apartments pay more than this value. This is indicated by research at the Joint Center at Harvard University.
In some cities, such as Denver, Minneapolis, Chicago, Salt Lake City and Austin, 50% and more tenants have an average income level ($ 30 000 and $ 45 000) and pay more 30% of their rent.
So how much do people really pay for rent?
In several major US cities, including New York and San Francisco, the average rent for a one-bedroom apartment costs an average of $ 2 500 per month, according to a report from the real estate website Zumper April 2017 year. How much should be earned so that this amount does not exceed 30% of income?
Edition Cheat sheet has prepared a list of 15 cities where you can rent housing for $ 600 or less.
15. Augusta, GA
In August, the average price of a one-bedroom apartment in April 2017 was $ 620, which is slightly lower compared to the previous month. In a few years rental rates have dropped by 4,6% in this southern city.
14. Oklahoma City
Somewhere for $ 610 (or less) you can get a one-bedroom apartment in the largest city in Oklahoma. The rent on 5% fell in April 2017 year, compared with last year.
13. Albuquerque, New Mexico
The largest city in New Mexico has one of the lowest rents in the country. A typical studio apartment will cost $ 600 per month. Prices have hardly changed since 2016.
12. Greensboro, North Carolina
In Greensboro, the average one-bedroom apartment will cost $ 600 per month. This is a great time to rent a house, as prices fell by almost 12% compared to April 2016, according to Zumper.
11. Tucson, Arizona
In Tucson, the average price of a one-room apartment is $ 600. Prices fell by about 3% compared with the previous month. Rents increased by 9%.
10. Indianapolis, Indiana
If you have $ 590, you can find a one-room apartment in Indianapolis, although prices are rising. The average rent in the state of Indiana in April rose by 3,5% compared with the previous month, and by 5,4% compared to April 2016 of the year.
9. Lubbock, TX
On average, one-bedroom apartments are rented for $ 580 per month, although prices are rising. Rents rose by 5,5% in April compared with March.
8. Memphis, Tennessee
In Memphis, you can rent an apartment for $ 580 per month. It saves almost 11% compared to 2016. A three-room apartment in this city can be rented for $ 630 per month.
7. Shreveport, Louisiana
Apartments in Shreveport cost an average of $ 580 per month. But if you want an advantageous offer, pay attention to the three-room apartments. While rents for smaller units increased slightly from March to April, the average rent for large apartments fell by 4,5% to $ 640 per month.
6. Tulsa, Oklahoma
Apartments in the second largest city in Oklahoma are rented for $ 570 per month. The rent for one-bedroom apartments fell by 6,6% from April 2016 to April 2017.
5. Detroit, Michigan
For $ 540, you can rent an apartment in Motor City. Rents in Detroit have risen by some 2% from March to April.
4. Akron, Ohio
One bedroom apartments in Akron cost $ 530 per month.
3. Wichita, Kansas
In Wichita, the average rent for a one-bedroom apartment is $520. It's worth remembering that the average rent in this city is rising. Over the year, rental prices have risen by 15,6% - one of the highest rates throughout the country.
2. Fort Wayne, Indiana
Fort Wayne was one of two cities on the list. Zumperwhere the average apartment cost less than $ 500 per month. In this city of Indiana, you can rent a one-bedroom apartment for $ 480 per month.
1. Toledo, Ohio
The cheapest city for renters in the US is Toledo. An average one-room apartment in the city will cost $460 per month. Two-room apartment - for $560 per month.
Read also on ForumDaily:
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How to choose the area for the purchase of real estate
How to rent a house in America: step by step instructions
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