Best US Cities to Rent in 2023
Home prices across the country may be falling for the first time in years, but not enough to make home ownership affordable again for many Americans. This has created a strain on the rental market, raising prices and highlighting the limited supply of this category of housing.
There are many houses for rent in some parts of the country, but there is usually one catch – for example, high unemployment, a lack of affordable housing, or a lack of amenities such as good schools and clean air. However, there are some exceptions, according to RentCafe’s annual ranking of the best US cities for renters. Here’s what you need to know about the cities that offer the best value for money for renters.
How are these cities located?
To compile these rankings, the RentCafe team analyzed data from nearly 140 cities, looking at 20 relevant metrics, including cost of living, apartment quality, local economy, traffic, unemployment, air quality and job growth, among others. . You can find more information about the methodology behind these rankings here .
The best US cities to rent in 2023
According to RentCafe , these are the top 20 cities to rent in the US in 2023:
- Charleston, South Carolina
- Plano, Texas
- Scottsdale, Arizona
- Atlanta, Georgia
- Raleigh, North Carolina
- Round Rock, Texas
- Austin, Texas
- Charlotte, North Carolina
- Conroe, Texas
- Arlington, Virginia
- Sarasota, Florida
- Marietta, Georgia
- Greenville, South Carolina
- Fort Lauderdale, Florida
- Denver, Colorado
- Orlando, Florida
- Jacksonville, Florida
- Westminster, Colorado
- Denton, Texas
- Durham, North Carolina
As for the best region for renters, the South comes out on top, with 36 of the top 50 cities on the list. “Furthermore, the common denominator of towns and cities seems to be their high potential for job growth and generally lower cost of living compared to other places in the US,” the RentCafe report concludes .