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 |
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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{ 9 comments… read them below or add one }
What is your source for this post of the least expensive rentals?
Thanks for the heads up Steve.
The link is now on the post.
Tom
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
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!
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
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!
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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…
Does anyone know of an area where there is serenity of the burbs but cosmopolitan as well. Would love to be close enough to a city without imposition of noisy neighbors right on top of me.