Smaller cities in Texas and Carolina offer the biggest benefits to apartment renters, a new study finds.
Round Rock from Texas and Raleigh from North Carolina took the top spot. List Apartment website RentCafe has selected the best cities for renters. Other cities that made it to RentCafe’s Top 10 are: Round Rock and Raleigh.
- Conroe, Texas
- Greenville, South Carolina
- Orlando, Florida
- Jacksonville, Florida
- Charlotte, North Carolina
- Charleston, South Carolina
- Atlanta, Georgia
- Austin, Texas
These cities offer the ideal combination of a strong local economy, affordable rents, spacious apartments and a high quality of life, which also takes into account local cost of living, quality of public schools, daily commute times, median income and other factors, RentCafe said. factor.
“Their common denominator is the healthy pace of new apartment construction and their selection of properties rich in a variety of amenities,” the company said in the report.
The rankings look like this: according to on Rent.com. Oklahoma City, Oklahoma; Long Beach, California; and Jersey City, New Jersey; showed the sharpest increase.Across the United States, prices for one- or two-bedroom apartments jumped nearly 26% nationally between May 2021 and May 2022.
Rent costs have risen mainly because demand for apartments exceeds the number of available units, economists say.
Molly Boesel, chief economist at CoreLogic, said earlier this month that “the number of single-family rental properties registered in early 2022 was well below pre-pandemic levels and is still declining from a year ago.”
Rent increases in Orlando and TampaLiving in the United States Rents in Tampa now account for 45% of an average household’s annual income and 37% in Orlando.
The need for affordable housing has become even more critical this year as households across the United States grapple with soaring inflation that drives up prices for gas, food and other necessities. Nearly 30% of U.S. Adults in a Recent Bankrate survey They said they are willing to leave the state if they find a cheaper home.