Special Report

States With the Highest Rent

Source: Sean Pavone / iStock via Getty Images

50. West Virginia
> Median monthly rental cost: $732
> Share of income typically spent on rent: 28.9% (24th highest)
> Rental occupied housing units: 26.3% (the lowest)
> Median home value: $123,200 (the lowest)

Source: Sean Pavone / iStock via Getty Images

49. Arkansas
> Median monthly rental cost: $760
> Share of income typically spent on rent: 27.2% (9th lowest — tied)
> Rental occupied housing units: 34.2% (16th highest)
> Median home value: $133,600 (3rd lowest)

Source: Jacob Boomsma / iStock via Getty Images

48. South Dakota
> Median monthly rental cost: $761
> Share of income typically spent on rent: 25.2% (2nd lowest)
> Rental occupied housing units: 32.0% (19th lowest)
> Median home value: $174,600 (16th lowest)

Source: Sean Pavone / iStock via Getty Images

47. Kentucky
> Median monthly rental cost: $783
> Share of income typically spent on rent: 27.1% (8th lowest)
> Rental occupied housing units: 32.4% (20th lowest)
> Median home value: $147,100 (5th lowest)

Source: SeanPavonePhoto / iStock via Getty Images

46. Mississippi
> Median monthly rental cost: $789
> Share of income typically spent on rent: 29.6% (15th highest — tied)
> Rental occupied housing units: 31.2% (16th lowest)
> Median home value: $125,500 (2nd lowest)

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.