The Census Bureau has released the latest estimates from the American Community Survey for all cities in the country with a population of 60,000 or more with sufficient data to estimate the median monthly rent. We have crunched the numbers and the rankings are in. See the 608 places with the lowest median monthly rent below, and the highest median monthly rent places at the bottom of the list.
Where can you live with all of the amenities afforded by an urban area and spend as little as possible on rent? Look no further than the areas below. Having lower fixed expenses (with housing being the largest fixed expense) frees up more disposable income for fun, makes it easier to change jobs, and more. Keep in mind, people often are willing to pay more for desirable areas. Is there a reason these rents are low? You be the judge.
The national median monthly rent from the latest estimates is $1,012 and has risen 3.2% from $981.
This year saw several big changes. Fort Smith, AR rose from #7 to #2, Decatur, IL rose from #4 to #3, Harlingen, TX rose from #19 to #4, Mission, TX rose from #105 to #5, and Albany, GA rose from #26 to #6.