It typically costs less to own a home than to rent one in most cities. So if homeownership is out of reach for you — or just doesn’t appeal to you — you can still find affordable options.
However, the potential financial benefits of renting are greatly diminished if you’re overpaying for rent. That’s why it’s important to compare the average U.S. rent to rent prices in your area. Fortunately, GOBankingRates did the research for you. The study looks at various factors in each city, including the median rent for a one-bedroom apartment, the monthly cost of basic utilities and the city’s walkability score — in addition to identifying the percentage of apartments in each city with some popular amenities.