Where is rent cheapest

Grove City, PA. Texarkana, AR. Vicksburg, MS. Edinburg, TX. Springfield, MO. Tulsa, OK. Conway, AR. Montgomery, AL. Bowling Green, OH. Devils Lake, ND. State College, PA. Sherwood, AR. Urbana, IL. Lubbock, TX. Flint, MI. Clute, TX. Columbia, MO. Youngstown, OH. Meridian, MS. Wichita, KS. Oklahoma City, OK. Bellevue, NE. Kalamazoo, MI. Derby, KS. This compensation may impact how and where products appear on this site including, for example, the order in which they appear.

These offers do not represent all available deposit, investment, loan or credit products. Buying a home seems to be all the rage during the pandemic, as interest rates have bottomed out and made the mortgage loan process a lot easier to swallow.

After all, the coronavirus pandemic put millions of people out of work, and others fear a future layoff — not to mention the sky-high listing prices that are causing some experts to warn of an impending crash.

But while no one likes to pay rent , the cost of that burden differs greatly depending on where you live, a GOBankingRates study shows. GOBankingRates compiled data on the median rental price for different sizes and types of living spaces across the largest cities in America, then scored each and combined the averages to reveal the cheapest places to rent in the country.

Joel Anderson and Gabrielle Olya contributed to the reporting for this article. GOBankingRates then scored all cities with available data against each other on factors and ranked them based on their combined score. All data was collected on and up to date as of Nov. Read More. Take care of these tasks now so you don't have to worry later.

The data looked at all types of renters, including those who live alone and share with roommates. Unsurprisingly, four of the five costliest places to rent are in California. Los Angeles clocked in as the No. In the No. Choosing to live in a smaller, more affordable city can be a key factor in reaching your financial goals.

There are lots of other components that go into deciding where to settle down, including the job market, proximity to family and entertainment options.

But finding a place you can afford is an important place to start. Like this story?