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.