The Best Cities for Renters: A Closer Look at Forbes Advisor's Ranking

In a recent study conducted by Forbes Advisor, the best cities for renters in the United States were identified based on several key metrics.

This analysis considered factors such as:

• average rental prices
• unit sizes
• percentage of rent-burdened households
• crime rates
• pet-friendly rentals
• amenities

Let's delve into the top cities on the list and explore what makes them ideal for renters.


Chandler, Arizona

Topping the list is Chandler, Arizona, known for its drop in year-over-year average rent prices and spacious rental units. With a median household income above the national average and a lower percentage of rent-burdened households, Chandler offers a favorable environment for renters.

Additionally, the city boasts amenities such as washers and dryers, dishwashers, and gyms in rental units.

Gilbert, Arizona

Taking the second spot is Gilbert, Arizona, famous for its low crime rate and high median household income. This city stands out for its relatively low percentage of renters spending a significant portion of their income on rent.

Gilbert also offers a diverse range of rental options and hosts a popular weekly farmer's market, providing residents with a vibrant community experience.

Henderson, Nevada

Ranking third on the list, Henderson, Nevada, appeals to dog lovers with its abundance of dog parks and pet-friendly rental units. Despite its warm climate, Henderson's year-over-year rental prices have decreased significantly, making it an attractive option.

The city also boasts numerous food and beverage establishments and easy access to parks for outdoor enthusiasts.

Plano, Texas

Plano, Texas, secures the fourth position on the list, applauded for its ample parking availability, gyms, and on-site laundry facilities in rental units.

With a low percentage of rent-burdened households and spacious one- and two-bedroom units, Plano is an excellent choice for renters seeking affordability and comfort. However, non-apartment rental options in Plano might be limited.

Austin, Texas

Closing out the top five cities for renters is Austin, Texas. Austin's year-over-year rent decrease and decent median household income contribute to its favorable ranking. The city offers a wide range of pet-friendly rentals and a higher-than-average transit score.

However, it falls short in terms of crime rates compared to other cities on the list.


Conclusion

For renters across the United States, these top-ranked cities provide a diverse range of options to suit different lifestyles and preferences. Prime locations also give you access to side gigs like nearby paid clinical trials or state-based financial assistance. 

From Arizona's favorable rental conditions to the abundance of amenities in Texas, and the pet-friendly environment of Nevada, each city offers its own unique advantages.

Whether you're seeking affordability, spacious units, or a vibrant community, these cities warrant consideration when looking to rent.