Top 10 Best American cities To Rent Apartments, Condos And Town Home

We have ranked top 10 major American cities to rent on bedroom apartments, condos and town homes based at it’s average monthly tent to pay, change in rent year-over-year basis, first quarter vacancy rate and mortgage payment vs. rent payment.

Here are the list to see which cities offer the best rental opportunities:

No. 1: Tucson, AZ

MSA: Tucson, AZ
Average Monthly Rent: $652
Change in Rent year-over-year: 1.6% increase
First Quarter Vacancy Rate: 5.9%
Mortgage Payment v. Rent Payment: $25 cheaper to rent

No. 2: Jacksonville, FL

MSA: Jacksonville, FL
Average Monthly Rent: $774
Change in Rent year-over-year: 0%
First Quarter Vacancy Rate: 8.6%
Mortgage Payment v. Rent Payment: $98 cheaper to own

No. 3: Kansas City, MO

MSA: Kansas City, MO-KS
Average Monthly Rent: $707
Change in Rent year-over-year: 1.3% increase
First Quarter Vacancy Rate: 5.6%
Mortgage Payment v. Rent Payment: $13 cheaper to rent

No. 4: San Antonio, TX

MSA: San Antonio-New Braunfels, TX
Average Monthly Rent: $725
Change in Rent year-over-year: 2.5% increase
First Quarter Vacancy Rate: 6.7%
Mortgage Payment v. Rent Payment: $244 cheaper to rent

No. 5: Tampa-St. Petersburg, FL

MSA: Tampa-St. Petersburg-Clearwater, FL
Average Monthly Rent: $820
Change in Rent year-over-year: 0.9% increase
First Quarter Vacancy Rate: 5.9%
Mortgage Payment v. Rent Payment: $77 cheaper to own

No. 6: Houston, TX

MSA: Houston-Sugar Land-Baytown, TX
Average Monthly Rent: $789
Change in Rent year-over-year: 2.5% increase
First Quarter Vacancy Rate: 8.1%
Mortgage Payment v. Rent Payment: $217 cheaper to rent

No. 7: Charlotte, NC

MSA: Charlotte-Gastonia-Rock Hill, NC-SC
Average Monthly Rent: $789
Change in Rent year-over-year: 2.2% increase
First Quarter Vacancy Rate: 5.5%
Mortgage Payment v. Rent Payment: $231 cheaper to rent

No. 8: Las Vegas, NV

MSA: Las Vegas-Paradise, NV
Average Monthly Rent: $805
Change in Rent year-over-year: 1.3% increase
First Quarter Vacancy Rate: 7.1%
Mortgage Payment v. Rent Payment: $199 cheaper to own

No. 9: Cincinnati, OH

MSA: Cincinnati-Middletown, OH-KY-IN
Average Monthly Rent: $717
Change in Rent year-over-year: 1.8% increase
First Quarter Vacancy Rate: 4.9%
Mortgage Payment v. Rent Payment: $72 cheaper to own

No. 10: Indianapolis, IN

MSA: Indianapolis-Carmel, IN
Average Monthly Rent: $680
Change in Rent year-over-year: 2.3% increase
First Quarter Vacancy Rate: 5.6%
Mortgage Payment v. Rent Payment: $29 cheaper to own

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Todd Aitken

Deputy Managing Editor at CEOWORLD Magazine
Todd Aitken is the deputy managing editor of The CEOWORLD Magazine. He joined the website as an assistant editor in 2012, a role in which he directed day-to-day editorial coverage.He is a veteran business and technology blogger, journalist and analyst. Todd attended Hamilton College and is a graduate of the New York University (NYU).

He is responsible for overseeing newsroom assignments and publishing, and providing support to the editor in chief.
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