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Wallethub-Best and Worst places to rent

Wallethub-Best and Worst places to rent

Wallethub releases reports on nation's best places to rent


News Staff - July 24, 2019

UNDATED - With moving season reaching its peak and the median rental price rising 2.7% in the past year, the personal-finance website WalletHub today released its report on 2019’s Best & Worst Places to Rent in America as well as accompanying videos.

To help prospective renters get the most bang for their buck, WalletHub compared more than 180 U.S. cities based on 23 key indicators of rental attractiveness and quality of life. The data set ranges from historical rental-price changes to cost of living to job market.

Best Cities for Renters                             Worst Cities for Renters
1 Scottsdale, AZ                                      173 Newark, NJ
2 Overland Park, KS                                174 Toledo, OH
3 Bismarck, ND                                       175 Charleston, WV
4 Gilbert, AZ                                           176 Huntington, WV
5 Lincoln, NE                                           177 Baton Rouge, LA
6 Chandler, AZ                                        178 Memphis, TN
7 Peoria, AZ                                            179 Detroit, MI
8 Boise, ID                                              180 Cleveland, OH
9 El Paso, TX                                            181 New Haven, CT
10 Fremont, CA                                        182 Bridgeport, CT

Rapid City ranked 45th. It's best rating was for its rental market and affordability, where it was 15th.

Best vs. Worst

Cedar Rapids, Iowa has the highest rental affordability, with the lowest median annual gross rent divided by median annual household income at 15.39 percent, which is 2.7 times lower than in Hialeah, Florida, with 41.25 percent.

Little Rock, Arkansas, has the highest rental vacancy rate, 15.80 percent, which is 11.3 times higher than in Burlington, Vermont and Santa Ana, California, the cities with the lowest at 1.40 percent.

Newark, New Jersey, has the highest share of renter-occupied housing units, 77.20 percent, which is 3.2 times higher than in Port St. Lucie, Florida, the city with the lowest at 24.00 percent.

Laredo, Texas, has the lowest cost-of-living index, 77, which is 2.5 times lower than in San Francisco, the city with the highest at 196.

Irvine, California, has the fewest violent crimes (per 1,000 residents), 0.61, which is 34.1 times fewer than in St. Louis, the city with the most at 20.82.


To view the full report and your city’s rank, please visit:


https://wallethub.com/edu/best-cities-for-renters/23010/



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