From Surpise to Plano, 10 Most Affordable US Cities for Renters

Feb 19, 2024

By: Deep Das Barman

Renting is still a smarter choice

While soaring rent costs have been a major issue for low- and middle-income families, it still is a smarter option for high-income renters. According to a recent study conducted by RentCafe, about 2.6 million high earners continue to rent homes instead of buyi...

1. Sunnyvale, California

A part of Silicon Valley, Sunnyvale is America’s top city where renters can get the most value for their money by renting. As per the report, renters here earn roughly $146,000 per year, which is triple the median wage in the US. However, the monthly rent of $...

2. Surprise, Arizona

Surprise in the Phoenix metro area is home to several tech and healthcare giants. As a result, renters in the city enjoy the seventh-highest annual median income in the country standing at $76,623, according to Data USA. Meanwhile, the average rent was just in...

3. Arlington, Virginia

Renters in Arlintog make about $102,710 as a yearly wage and pay an average monthly rent of nearly $2,500. Further, renters pay about $1,152 for the other monthly expenses and necessities, which is close to the national average. Healthcare costs about $408 and...

4. Bethesda, Maryland

The yearly income of renters in Bethesda stood at about $99,315, which is the fourth-highest among cities in RentCafe’s report. On the other hand, renters pay an average monthly rent of $2,684 and basic living expenses of $1,093, which is just at par with the ...

5. Alexandria, Virginia

Another DC suburb, Alexandria offers a mix of federal agencies, corporate offices, and tourism. In the report, it ranked fifth among the cities where renters could easily hit a balance between income and expenses. The city offers the sixth-highest annual incom...

6. Westminster, Maryland

The Denver suburb of Westminster, offers a median annual wage of $75,841, to $79,000. Meanwhile, the average rent in the city comes out to be $1,864 and the cost of necessities per month comes out to be less than $1,000. Thus, Westminster offers one of the low...

7. Scottsdale, Arizona

Located in the Phoenix metro area, Scottsdale’s renters earn a median annual income of $82,865 which is the eighth-highest in the U.S. Meanwhile the monthly price of essential items and services stood at $1,087, which was just in line with the national average...

8. Round Rock, Texas

Renters in Round Rock provide access to one of the nation’s tech hubs, Austin. Thus, the annual income of renters living in the city revolved around $68,517 which is 39% higher than the national median income. Meanwhile, the average monthly rent sits below...

9. Plano, Texas

The renters’ income in Plano stood at $76,824, which was the 11th highest. Meanwhile, the price for necessities such as rent was close to the national benchmark at $1,786, but the cost of basic living expenses was slightly above the average at $1,204. However,...

10. Broken Arrow, Oklahoma

The median annual income of renters in Broken Arrow which is $54,594 allows them to cover their rent of $1,117 about four times a month. While the rent is below the national average, Broken Arrow is also one of the most affordable cities with basic living expe...