Around 34% of U.S. households are rentals, and though prices have dropped slightly, they still remain 20.1% higher than 2019, making affordable options scarce.
The cheapest places to rent include Leawood and Overland Park in Kansas, where rental costs are only 10.57% and 11.03% of income respectively, making them ideal for renters.
The study highlights California as having the unfortunate statistic of cities with no homes available to rent under 30% of local average income, showcasing severe affordability issues.
CashNetUSA’s analysis revealed the most affordable zip code for renters in each state, providing a comprehensive resource for those seeking budget-friendly rental options across the U.S.
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