Special Report

Most Expensive Cities to Rent a Home

Source: Jacob Boomsma / iStock via Getty Images

45. Colorado Springs, CO
> Median monthly rental cost: $1,232
> Share of income typically spent on rent: 31.4% — 78th highest of 384 metros (tied)
> Rental occupied housing units: 34.2% — 168th highest of 384 metros
> Median home value: $300,400 — 49th highest of 384 metros

Source: DenisTangneyJr / iStock via Getty Images

44. Midland, TX
> Median monthly rental cost: $1,239
> Share of income typically spent on rent: 26.8% — 36th lowest of 384 metros (tied)
> Rental occupied housing units: 33.2% — 192nd highest of 384 metros
> Median home value: $231,100 — 117th highest of 384 metros

Source: SeanPavonePhoto / iStock via Getty Images

43. Burlington-South Burlington, VT
> Median monthly rental cost: $1,248
> Share of income typically spent on rent: 31.7% — 65th highest of 384 metros (tied)
> Rental occupied housing units: 33.2% — 191st lowest of 384 metros
> Median home value: $285,200 — 62nd highest of 384 metros

Source: Ryan McGill / iStock via Getty Images

42. North Port-Sarasota-Bradenton, FL
> Median monthly rental cost: $1,259
> Share of income typically spent on rent: 32.4% — 45th highest of 384 metros (tied)
> Rental occupied housing units: 24.9% — 21st lowest of 384 metros
> Median home value: $261,100 — 82nd highest of 384 metros

Source: BrianPIrwin / iStock Editorial via Getty Images

41. Charlottesville, VA
> Median monthly rental cost: $1,260
> Share of income typically spent on rent: 29.4% — 165th highest of 384 metros (tied)
> Rental occupied housing units: 36.2% — 115th highest of 384 metros
> Median home value: $304,700 — 44th highest of 384 metros (tied)

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.