The Cheapest Apartment Rentals in the United States: A Guide to Affordable Living
Finding affordable housing in the United States can be challenging, especially with rising rents in many cities. However, some regions still offer budget-friendly apartment options. Whether you're looking to save money, downsize, or relocate, here’s a guide to some of the cheapest apartment rentals in the U.S., along with tips for finding the best deals.
1. Top Cities with Affordable Rent
Certain cities and regions consistently offer lower rental rates compared to others, often due to lower demand, smaller populations, or the local cost of living.
1. Wichita, Kansas
Average Rent: $700 - $800 for a one-bedroom apartment.
Why it’s affordable: Wichita has a relatively low cost of living compared to other cities in the U.S. The city’s economy is driven by industries such as aviation and manufacturing, which provide stable employment, while housing remains inexpensive.
2. Toledo, Ohio
Average Rent: $600 - $750 for a one-bedroom apartment.
Why it’s affordable: Toledo has been recognized as one of the most affordable places to live, partly because of its stable housing market and low demand. It offers affordable apartments while being close to major Midwestern cities like Detroit and Cleveland.
3. Fort Wayne, Indiana
Average Rent: $650 - $750 for a one-bedroom apartment.
Why it’s affordable: With a low cost of living and affordable housing market, Fort Wayne offers budget-friendly rental options. The city is known for its strong sense of community, with plenty of green spaces and activities for residents.
4. Memphis, Tennessee
Average Rent: $700 - $850 for a one-bedroom apartment.
Why it’s affordable: Despite being a large city, Memphis offers many affordable rental options, especially in suburban neighborhoods. The city's music scene, rich culture, and low cost of living attract residents looking for affordability without sacrificing entertainment and amenities.
5. Oklahoma City, Oklahoma
Average Rent: $700 - $850 for a one-bedroom apartment.
Why it’s affordable: Oklahoma City is a growing city with a low cost of living. Job opportunities in energy, agriculture, and healthcare contribute to a stable economy, while the city remains one of the most affordable metropolitan areas for renters.
2. Other Affordable Rental Markets
If you’re looking to escape the high-rent markets of cities like New York, Los Angeles, or San Francisco, here are some smaller cities and towns where you can find budget-friendly apartments:
Shreveport, Louisiana: Known for its low housing costs, with one-bedroom apartments often under $700.
Akron, Ohio: A mid-sized city with an average rent of $650-$750 for a one-bedroom, making it a good option for affordable living.
Lexington, Kentucky: Offers one-bedroom apartments for around $700 to $850 and has a strong economy tied to horse racing, education, and manufacturing.
Des Moines, Iowa: With a growing job market and affordable rental options, one-bedroom apartments average around $800.
3. Tips for Finding Cheap Apartments
While some cities and towns are naturally more affordable, knowing how to search for the best deals can help you save even more.
1. Use Apartment-Hunting Websites
Websites like Apartments.com, Zillow, Craigslist, and Rent.com offer filtering tools that allow you to set a budget, view available listings, and contact landlords directly. Make sure to search frequently, as new listings pop up regularly.
2. Consider Smaller Cities and Suburbs
Moving slightly outside of a large city can lead to significant savings. Suburbs and smaller towns often offer much lower rent prices while still providing easy access to major metropolitan areas.
3. Look for Rent Specials
Many property managers and landlords offer move-in specials, such as a free first month or reduced security deposits. Be sure to ask about any available discounts when inquiring about an apartment.
4. Consider Shared Living Spaces
If you're willing to share an apartment, renting a room in a larger unit can help reduce costs. Platforms like Roomster and SpareRoom can help you find shared housing options in cities across the U.S.
5. Search During the Off-Season
Apartment rental prices tend to rise in the summer due to higher demand, particularly around college towns. If possible, try to search for apartments during the off-season (fall and winter) when landlords may be more flexible with rent prices.
4. Additional Cost-Saving Strategies
Beyond just finding a cheap apartment, you can save more by being strategic with your housing choices and financial planning:
Negotiate Your Lease: Don’t hesitate to ask for a lower rent or inquire about including utilities in your lease. Many landlords are willing to negotiate, especially if an apartment has been on the market for a while.
Roommates: Splitting rent with a roommate is one of the fastest ways to lower your housing costs.
Flexible Lease Terms: Some landlords offer lower rents for longer lease terms. If you’re comfortable committing to a longer period, this could save you money.
Consider Older Buildings: Older apartment buildings often have lower rents than newly constructed complexes. While they might not have as many modern amenities, they can be much cheaper.
5. Things to Consider Before Renting
Before committing to an apartment, there are a few factors you should consider:
Utilities: Check if the rent includes utilities such as electricity, water, or internet. Apartments that include utilities may cost slightly more in rent but save you money in the long run.
Location: Make sure the location fits your needs. While cheaper apartments may be in less central areas, the cost of commuting could offset any rent savings.
Condition of the Apartment: While finding a cheap apartment is great, ensure the building and unit are in good condition to avoid costly repairs or maintenance issues down the line.