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Friday, March 29, 2024
CEOWORLD magazine - Latest - CEO Agenda - Top 10 Best American cities To Rent Apartments, Condos And Town Home

CEO Agenda

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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This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


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CEOWORLD magazine - Latest - CEO Agenda - Top 10 Best American cities To Rent Apartments, Condos And Town Home
Jessica Todd Swift
Jessica Todd Swift is the deputy managing editor of the CEOWORLD magazine. She is a veteran business and tech blogger, journalist, and analyst. Jessica is responsible for overseeing newsroom assignments and publishing and providing support to the editor in chief.