2017’s Best & Worst Places To Rent In America – WalletHub Study

WALLETHUB News:
 
With moving season reaching its peak and the number of severely cost-burdened renters declining from a record 11.4 million to 11.1 million today, the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Best & Worst Places to Rent in America.

To help prospective renters get the most bang for their buck, WalletHub’s analysts compared the 150 largest U.S. cities based on 21 key indicators of rental attractiveness and quality of life. The data set ranges from historical rental-price changes to cost of living to job market.
 

 
Best Cities for Renters
 
Worst Cities for Renters
 
1
Scottsdale, AZ
 
141
Newark, NJ
 
2
Peoria, AZ
 
142
Baltimore, MD
 
3
Gilbert, AZ
 
143
Santa Ana, CA
 
4
Chandler, AZ
 
144
Toledo, OH
 
5
Lincoln, NE
 
145
Hialeah, FL
 
6
Sioux Falls, SD
 
146
Jackson, MS
 
7
Tempe, AZ
 
147
Memphis, TN
 
8
Overland Park, KS
 
148
Oakland, CA
 
9
Omaha, NE
 
149
Detroit, MI
 
10
Glendale, AZ
 
150
Cleveland, OH
 
Best vs. Worst
  • Hialeah, Florida, has the highest rental affordability rate, 41.52 percent, which is 2.5 times higher than in Plano, Texas, the city with the lowest at 16.44 percent.
  • Little Rock, Arkansas, has the highest rental vacancy rate, 17.0 percent, which is 8.1 times higher than in Madison, Wisconsin, and Garden Grove, California, the cities with the lowest at 2.1 percent.
  • Newark, New Jersey, has the highest share of renter-occupied housing units, 78.3 percent, which is 3.4 times higher than in Port St. Lucie, Florida, the city with the lowest at 22.7 percent.
  • Laredo, Texas, has the lowest cost-of-living index, 77, which is 2.6 times lower than in New York, the city with the highest at 201.
  • Irvine, California, has the fewest violent crimes (per 1,000 residents), 0.56, which is 32.4 times fewer than in St. Louis, the city with the most at 18.17.
To view the full report and your city’s rank, please visit: https://wallethub.com/edu/best-cities-for-renters/23010/
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