Top 10 Least Expensive Rental Markets In the United States : The Real Estate Bloggers

Top 10 Least Expensive Rental Markets In the United States

February 12th, 2007 • Related • Filed Under

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If you are fed up paying very high rental rates and are ready to go to a location where things may be a bit slower and more laconic, then these cities that have the Top 10 least expensive rental markets in the United States may be right up your alley.

Area State Avg rent in 2006
Tucson AZ $615
Columbus OH $642
Indianapolis IN $643
San Antonio TX $660
Salt Lake City UT $667
Kansas City MO $668
Cincinnati OH $675
Cleveland OH $711
Houston TX $724
Portland OR $740

via CNN Money

It does make me wonder though, when you make a good part of your living on the internet and where one lives is not the greatest priority, why people end up living in the expensive cities when they could be living elsewhere at a much higher standard of living.

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There Are 8 Responses So Far. »

  1. Comment by Tom Chambers on 12 February 2007:

    I can’t agree with you more about why so many full time webmasters who make a living via the web can live just about anywhere in the world and accomplish the very same thing for a whole lot less money. Though I am a real estate agent, I spend a much greater time maintaing my website as I do selling real estate and here in Virginia the cost of living continues to skyrocket. If you get a chance check out my website at http://www.hamptonroadshome.com

  2. Comment by Steve L. on 12 February 2007:

    What is your source for this post of the least expensive rentals?

  3. Comment by Tom on 12 February 2007:

    Thanks for the heads up Steve.

    The link is now on the post.

    Tom

  4. Comment by Julia Wei on 14 February 2007:

    I find that my clients (and my family) can’t imagine finding the same kind of lifestyle that we enjoy here in the San Francisco bay area. We’re fully aware that we’re paying a premium to work and live here but we’ve decided it’s worth it!

  5. Comment by Bob Hogue on 14 February 2007:

    Outside of Arizona and San Antonio, TX they all have to deal with the snow. And as we’ve seen this season and probably with global warming; freak snow and weird tempratures are going to make living in these places more expensive overall.

    Bob Hogue
    Bob Hogue School of Real Estate

  6. Comment by David Krebsbach on 19 February 2007:

    Yes, rents might be low, but what about the other half of the equation? It’s the balance between income and costs of living that create a standard of living.

    CA investors think TX prices are low (avg. SF new construction home is ~$150k) and they think TX taxes are high (about 3% of market value). However, in TX 3% of $150k = $4500/yr. In CA 1% of $450k = $4500/yr. Equivalent house, equivalent tax!

    Yet, TX rents are much higher (per value of home). Same two homes above rent for same amount ($1100-$1300/mo.). In CA that’s NEGATIVE Cash Flow. In TX, that’s POSITIVE or BREAK-EVEN Cash Flow.

    Point is… you gotta consider ALL the numbers - not just the rent!

  7. Comment by Mike Delautre on 3 May 2007:

    Hello everyone,
    Please check out my NEW Website http://www.yourvideoviews.com because this is the 1st FREE video posting site on the web~!!!
    It should be launching on May 9th if not sooner.

    (( Again… Its FREE )) So why wouldn’t you at the very least check it out~?

  8. Comment by alice on 15 July 2007:

    So true. NYC…terrorist threats daily, blowups of airports, and still willing to spend an average of a million for a home—in a market where everybody sues like crazy if anyone uses any word not approved on the “fair housing act” questionaires, like is this place near a school, church, really loud kids, etc. I think everybody should blow a million bucks on a place to live in for the next ten years and not know what it is, sure. Maybe up in Westchester, where Hillary C. lives in Chappaqua, a town where there are not even apartment buildings allowed! And there…the housing starts more at 10 million. Whatever the houses look like, we’ll never know…

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