SmartAsset analyzed the best cities for renters based on the likelihood of being cost-burdened, commute times, unemployment rates, and more.
We considered a number of factors to find the best cities for renters. To be specific, we examined the following seven metrics: the percentage of renters who are rent cost-burdened, the percentage of housing stock dedicated to renters, entertainment establishment density, crime rate per 10,000 residents, average commute time, unemployment rate and eviction rate.
The firm found that Madison, Wis., was the best city for renters, with a low unemployment rate and commute time. Forty-nine percent of Madison’s renters are housing-burdened. Austin, Texas, was second, followed by Boston and Irvine, Calif., which tied for third.
Advertisement
Related Stories
Sales + Marketing Trends
Brand Loyalty and Why Builders Should Think Like a Hospitality Brand
Whether its offering that personal touch or incorporating experiences into amenity use, home builders have something to learn from the hospitality industry
Innovation
Florida Multifamily Housing Complex Built Using Lego Block–Like System
This patented mineral composite, fiber-reinforced building system stacks Lego-like blocks to create a building solution its creator says is both sustainable and resilient
Affordability
Possible Boost for Affordable Housing in New York City
The developer of New York's Freedom Plaza has added a major affordable housing piece to the project, hoping that will help push through other components of the development