Special Report

Most Expensive Cities to Rent a Home

Source: DMartinez-Photo / iStock via Getty Images

35. Fairbanks, AK
> Median monthly rental cost: $1,297
> Share of income typically spent on rent: 27.3% — 65th lowest of 384 metros (tied)
> Rental occupied housing units: 41.1% — 45th highest of 384 metros
> Median home value: $240,300 — 107th highest of 384 metros

Source: JamesBrey / iStock via Getty Images

34. Bend, OR
> Median monthly rental cost: $1,306
> Share of income typically spent on rent: 30.9% — 97th highest of 384 metros (tied)
> Rental occupied housing units: 32.1% — 155th lowest of 384 metros
> Median home value: $389,300 — 26th highest of 384 metros

Source: Ultima_Gaina / iStock via Getty Images

33. Trenton-Princeton, NJ
> Median monthly rental cost: $1,311
> Share of income typically spent on rent: 30.6% — 109th highest of 384 metros (tied)
> Rental occupied housing units: 36.5% — 108th highest of 384 metros
> Median home value: $290,100 — 59th highest of 384 metros

Source: Kruck20 / iStock via Getty Images

32. Baltimore-Columbia-Towson, MD
> Median monthly rental cost: $1,324
> Share of income typically spent on rent: 29.4% — 165th highest of 384 metros (tied)
> Rental occupied housing units: 33.4% — 188th highest of 384 metros
> Median home value: $307,200 — 41st highest of 384 metros

Source: Raymond Palmer / iStock via Getty Images

31. Austin-Round Rock-Georgetown, TX
> Median monthly rental cost: $1,326
> Share of income typically spent on rent: 28.7% — 155th lowest of 384 metros (tied)
> Rental occupied housing units: 41.4% — 42nd highest of 384 metros
> Median home value: $303,300 — 46th highest of 384 metros

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.