Whether you’re looking to rent an apartment or leaning toward house rental, 2016 is the year to do so in up-and-coming areas. These lively towns are urban hotspots that bring you all the luxuries of major cities – without costing an arm and a leg. We ranked the best up-and-coming cities to rent in for 2016, based on cost, availability, and overall lifestyle quality. Here are the top five that dominate in those three areas:
The Entertainment Capital of the World also happens to be one of the best cities to rent an apartment or home in the country. Forty-eight percent of those who live in Las Vegas rent rather than own their homes. More renters meaning there’s always a good selection of rental properties at your fingertips. Plus, with a five percent vacancy rate, you have openings popping up every day. Compared to other cities, both house and apartment rental costs are rising more slowly than in many other major cities in the U.S.
Those looking for home rentals need look no further than San Antonio. The town’s Southern charm is available at the low average rental rate of $725 per month. Single-family homes are especially plentiful in the South right now, including in this Southern mecca. While the size of Austin is growing quickly (along with its rental prices), San Antonio remains very affordable for new families.
2016 is the year to rent homes and apartments in the Midwest. Even as the housing market rises again after the crash, Indianapolis’ rental fees are only increasing by 3.3 percent each year right now, one of the lowest rates in the country. Rental fees currently sit at about $750 per month, making it one of the cheapest major metro cities.
With an average monthly rental cost of less than $800 and an up-and-coming downtown area, the Kansas City rental market is hot right now. Apartment vacancy is currently at about 6 percent, and house rental is also available. In Kansas City right now, it’s actually $95 cheaper per month to rent than to pay a mortgage.
If you’re looking for the biggest bang for your buck, Tucson, Arizona, is the place to go. With an average monthly rent of $652 per month and a sunny, warm environment, this city is a renter’s paradise. Because the city is still recovering from the housing crash, rental costs are lower than ever, while the quality of apartments and homes in Tucson is high.
Ready to pack your bags and move today? Head to ClassifiedAds.com to find the perfect place to live.