Where is Rent the Cheapest? The Top Most Affordable States in the U.S.
While rent prices have climbed in big cities like New York or San Francisco, there are several states where your dollar goes much further.
If you're looking to save money, here are the states currently offering some of the lowest average rents in the country.
1. Oklahoma
Oklahoma consistently ranks as the most affordable state for renters.
With an average rent often under $1,000 for a one-bedroom apartment, it is a great choice for people looking for a mix of city life (like Oklahoma City or Tulsa) and a lower cost of living.
2. Arkansas
Known for its beautiful natural parks and the Ozark Mountains, Arkansas is also very kind to your wallet.
Renters here benefit from a low cost of living across the board—from groceries to utilities—making it one of the best places to save money.
3. Mississippi
Mississippi offers some of the lowest housing costs in the South.
Whether you are looking at small towns or the coastal areas, you can find spacious apartments for a fraction of what you’d pay in neighboring states.
4. Kansas
Kansas provides a great balance of affordability and job opportunities, especially in the tech and agriculture sectors.
Cities like Wichita and Overland Park offer high-quality housing at prices that are well below the national average.
5. West Virginia
For those who love the outdoors, West Virginia is a hidden gem. It has some of the lowest property prices in the nation, which keeps rent prices very low for tenants.
It is perfect for remote workers who want to live near the mountains without the high price tag.
6. South Dakota
South Dakota is appealing not just for its low rent, but also for its tax benefits—the state has no state income tax. This means you get to keep more of your paycheck while paying less for your home.
7. Iowa
Iowa is known for its high quality of life and stable economy. Major cities like Des Moines offer a vibrant culture and modern apartments that are still very affordable for the average working family.
8. Missouri
In Missouri, you get the benefit of two major hubs—St. Louis and Kansas City—where rent remains surprisingly manageable.
The state offers a lot of variety, from urban lofts to quiet suburban complexes, all at a lower-than-average cost.
9. Alabama
From the city of Birmingham to the Gulf Coast, Alabama offers diverse living options that are very budget-friendly.
It’s a popular choice for retirees and young professionals looking to lower their monthly expenses.
10. Kentucky
Rounding out the top ten is Kentucky. With its famous horse country and growing tech scenes in Louisville and Lexington, Kentucky offers an affordable lifestyle with plenty of character.
Why is rent cheaper in these states?
You might wonder why these states stay so affordable. It usually comes down to three main things:
- Land Availability: These states often have more room to build new housing, which keeps supply high and prices low.
- Lower Taxes: Many of these states have lower property taxes, which allows landlords to charge less.
- Cost of Living: When things like gas, groceries, and services cost less, the price of housing usually follows suit.
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