Special Report

States With the Highest Rent

Source: Sean Pavone / iStock via Getty Images

30. Idaho
> Median monthly rental cost: $887
> Share of income typically spent on rent: 27.9% (16th lowest)
> Rental occupied housing units: 29.2% (10th lowest)
> Median home value: $235,600 (21st highest)

Source: pawel.gaul / E+ via Getty Images

29. Michigan
> Median monthly rental cost: $892
> Share of income typically spent on rent: 29.3% (18th highest — tied)
> Rental occupied housing units: 28.3% (4th lowest)
> Median home value: $162,600 (11th lowest)

Source: Dee / iStock Editorial via Getty Images

28. Tennessee
> Median monthly rental cost: $897
> Share of income typically spent on rent: 28.8% (25th highest — tied)
> Rental occupied housing units: 33.5% (25th highest)
> Median home value: $177,600 (18th lowest)

Source: DenisTangneyJr / iStock via Getty Images

27. South Carolina
> Median monthly rental cost: $918
> Share of income typically spent on rent: 29.7% (12th highest — tied)
> Rental occupied housing units: 29.9% (12th lowest)
> Median home value: $170,100 (15th lowest)

Source: Kruck20 / iStock via Getty Images

26. North Carolina
> Median monthly rental cost: $932
> Share of income typically spent on rent: 28.6% (19th lowest — tied)
> Rental occupied housing units: 34.3% (15th highest)
> Median home value: $182,100 (19th lowest)

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.