Time to move to the desert? Scottsdale, Arizona is named as the best city to RENT a home in the US - while TWO cities in Connecticut land at the bottom of the list
- WalletHub ranked 182 based on which are best and worst to rent in
- They awarded points based on 23 categories including rental affordability, city satisfaction, the job market, and the friendliness of sublet laws
- They found the worst cities to rent are Bridgeport, Connecticut; New Haven, Connecticut; Cleveland, Ohio; Detroit, Michigan; and Memphis, Tennessee
The best place to rent a home in the entire United States of America is apparently... Scottsdale, Arizona.
WalletHub has released its 2019 list of the best and worst places to rent in the US, ranking 182 cities based on factors like affordability, vacancy rate, cost of living, and safety.
Based on those factors, it found the desert city of Scottsdale to be number one, immediately follow by Overland Park, Kansas and Bismarck, North Dakota.
Moving? WalletHub ranked 182 based on which are best and worst to rent in and found Scottsdale, Arizona to be the best
WalletHub looked at several factors to determine which cities were best to rent in, and awarded points based on performance in each category.
Those 23 categories include some that fall under 'Rental Market & Affordability,' like the friendliness of sublet laws, rental affordability, forecasted change of median rent, cost of living, and average annual renters' insurance premium.
There were also quality of life factors, like city satisfaction, the job market, driver and recreation friendliness, weather, the public school system, safety, and state bedbug laws.
Adding up points for all of these things, the top cities on the list were not the most well-known ones — and certainly not the most populated cities.
Following Scottsdale, Overland Park, and Bicmarck, the top ten is rounded out with mostly western and midwestern cities, including quite a few from Arizona.
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Cedar Rapids, Iowa ranked number one for most affordable rentals
Data: WalletHub looked at several factors to determine which cities were best to rent in, and awarded points based on performance in each category
In order, there's Gilbert, Arizona; Lincoln, Nebraska; Chandler, Arizona; Peoria, Arizona; Boise, Idaho; El Paso, Texas; and Freemont, California.
Some of the most famous and populous cities in the US don't fare as well. Charleston, South Carolina is 32, Austin, Texas is 33, and Washington, DC is 37.
San Francisco, California is 47, Denver, Colorado is 90, New York is 99, Los Angeles is 112, and Nashville, Tennessee is 123.
All the way at the bottom, the worst cities to rent, listed from the bottom up, are Bridgeport, Connecticut; New Haven, Connecticut; Cleveland, Ohio; Detroit, Michigan; and Memphis, Tennessee.
WalletHub also broke down the best and worst for some of the most interesting categories.
Cheap: The report found that Laredo, Texas (pictured) has the lowest cost of living
Metrics: Categories included rental affordability, city satisfaction, the job market, and the friendliness of sublet laws
The most affordable rentals can be found in Cedar Rapids, Iowa and Juneau, Alaska, while the least affordable rentals are in Hialeah and Miami Florida.
The lowest cost of living is in Laredo, Texas and Memphis, Tennessee, while the highest is in a six-way tie: New York, New York; San Francisco, California; Pearl City, Hawaii; Honolulu, Hawaii; San Joe, California; and Freemont, California.
Finally, the safest cities are Port St. Lucie, Florida and Irvine, California, while the least safe fall in a three-way tie: Little Rock, Arkansas; St. Louise, Missouri; and Memphis, Tennessee.
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