The search for affordable housing in the U.S. can be overwhelming. But we have some good news for you. Using Zillow’s February 2024 Rental Market Report, we ranked 12 U.S. cities by average apartment rent to identify the most affordable options for renters. So, if you’re looking to stretch your dollar without sacrificing your quality of life, read on to discover the cities where your rent won’t break the bank.
Buffalo, New York
Typical Rent: $1,282
Buffalo, New York, tops our list of U.S. cities with the lowest housing rent. With average rents significantly lower than many other U.S. cities, it provides a cost-effective lifestyle without compromising urban amenities. Neighborhoods like Riverside, Parkside, and Prospect Porter stand out as particularly budget-friendly, with average one-bedroom rents well below the city average. For even more savings, explore options in East Delevan and Lower West Side.
Milwaukee, Wisconsin
Typical Rent: $1,311
Milwaukee, Wisconsin, offers a surprising affordability when it comes to renting. Neighborhoods like Sherman Park, Historic Mitchell Street, and Johnson’s Woods are particularly affordable, with significantly lower average rents for one-bedroom apartments compared to the citywide average. Honey Creek Manor and Uptown also provide good value. If you’re looking for a mix of affordability and city living, Milwaukee could be the perfect place for you.
Oklahoma City, Oklahoma
Typical Rent: $1,329
As the state capital, Oklahoma City boasts several low-cost renting options. Its average rent is significantly low, which makes it a practical choice without sacrificing urban amenities. Neighborhoods like Horseshoe Lake, Deerfield Estates, and Dunjee Park are particularly budget-friendly. While areas like Bricktown, Deep Deuce, and OK Health Center offer a higher-end lifestyle, the city’s overall affordability means you can enjoy a comfortable living experience here.
St. Louis, Missouri
Typical Rent: $1,343
St. Louis is an attractive option for those looking to save on housing costs. With an average rent of $1,343, it stands out as a city with notably affordable housing compared to many other U.S. urban centers. Neighborhoods like North Hampton, Kingshighway Hills, and Princeton Heights offer even greater value, with average one-bedroom rents hovering around $600. While options for cheap apartments exist, competition can be fierce, making timely action crucial.
Louisville, Kentucky
Typical Rent: $1,355
Louisville’s diverse economy and lower cost of living contribute to lower rental prices, making it an attractive option for budget-conscious renters. With an average rent of $1,355, Louisville is significantly more affordable than many major cities. Neighborhoods like Southside, West Louisville, and Shawnee offer even lower average rents, often below $700 for a one-bedroom apartment.
Cleveland, Ohio
Typical Rent: $1,363
Cleveland, Ohio, ranks sixth on our list of most affordable cities for rent in the U.S. With an average rent of $1,363, the city provides a baseline for affordability, but it’s the neighborhoods like Kinsman and Woodland Hills, boasting average rents around $589 per month, that genuinely highlight the city’s value. While popular areas such as Downtown Cleveland and Ohio City command higher rents, averaging $1,692 and $1,651, respectively, Cleveland’s diverse rental market ensures something for everyone.
Birmingham, Alabama
Typical Rent: $1,376
Birmingham, Alabama, secures the seventh spot on our list of U.S. cities with the least rent for housing. With a typical rent of $1,376, the city offers significant affordability. Neighborhoods like Acipco-Finley, College Hills, and East Thomas provide exceptionally low-cost rentals, averaging a mere $474 monthly. While areas such as Old Mountain Brook and Southside Birmingham command higher rents, the city’s diverse rental landscape ensures a wide range of options to suit different budgets.
Detroit, Michigan
Typical Rent: $1,381
Detroit, Michigan, provides a compelling blend of affordability and urban living. With an average rent of $1,381 and a year-over-year growth of 4%, the city presents a budget-friendly option without compromising on amenities. Downtown Detroit, in particular, boasts a thriving job market, excellent schools, and cultural attractions, making it an attractive choice for renters seeking a dynamic city experience.
Pittsburgh, Pennsylvania
Typical Rent: $1,401
Pittsburgh, Pennsylvania, ranking ninth on our list of most affordable cities for rent, offers a surprisingly affordable housing market. With an average rent of $1,401, the city provides a comfortable balance between cost and quality of life. Its status as a college town, coupled with cultural attractions and accessible transportation, makes Pittsburgh a compelling choice for renters seeking an affordable yet vibrant urban experience.
Kansas City, Missouri
Typical Rent: $1,412
Kansas City, Missouri, has a relatively affordable rental market compared to many major cities, but prices are increasing. The city’s average rent currently stands at $1,412, marking a 6.30% increase year-over-year. Despite this increase, neighborhoods like Rockhill Manor, South Hyde Park, and East Side provide significantly lower rental options, with average one-bedroom rents starting around $700. These areas offer a more budget-friendly alternative for renters seeking affordable housing in Kansas City.
San Antonio, Texas
Typical Rent: $1,428
San Antonio, Texas, has a diverse rental market catering to different budgets. While the city’s average rent of $1,428 is affordable compared to many other major cities, costs vary significantly between neighborhoods. Areas like Mission San Jose, University Park, and Woodlawn Hills offer more budget-friendly options, with average rents around $900. In contrast, communities like River Road, Cedar Creek, and Government Hill command premium prices, reflecting their higher desirability and amenities.
Memphis, Tennessee
Typical Rent: $1,444
Memphis, Tennessee, offers a relatively affordable housing market, making it an attractive option for renters. With an average rent of $1,444, the city is more budget-friendly than many other major US cities. Lower property values in the area contribute to competitive rental prices, benefiting tenants and landlords. This affordability has attracted a diverse renter base, contributing to a thriving rental market.