Where to Find the Cheapest Rent in America
Do you want to live in a state with cheap rent?
We don’t blame you! Renting can be a great way to save money, and these days, every penny counts. But one thing to remember is that not all states have the same rental rates. If you’re tired of living in a state with high rent, or you’re thinking about renting for the first time, why not move to a state where the price to rent fits your budget? Our colorful map can help you make a good decision on where to go next!
We used the National Low Income Housing Coalition’s annual Out of Reach Report, to find the Fair Market Rent (FMR) for a two-bedroom home in each state. Take a look at the map below and see how high or low the rent is where you live!
So where should you move if you want the cheapest rent in America? South Dakota – its FMR is only $627 per month. If you’re thinking about moving to the tropical paradise of Hawaii, the state with the highest rent, prepare to pay a FMR of $1,671. Eek!
Let’s take a look at a few more comparisons just for the fun of it!
- $694 in Alabama vs. $1,111 in Alaska
- $894 in Arizona vs. $848 in Maine
- $1,241 in California vs. $663 in Arkansas
- $642 in West Virginia vs. $1,079 in Virginia
- $966 in Washington vs. $832 in Oregon
- $995 in Florida vs. $795 in Georgia
Do you live in a state with low-cost rental properties?
Let us know how the cost of rent where you live compares to the map above! Is it higher or lower than your state’s average? We’d love to hear from you – just leave a comment below.