Special Report
The Big City With the Cheapest Rent, in Every State
July 23, 2022 4:00 pm
Last Updated: July 26, 2022 6:02 am
Source: DenisTangneyJr / iStock via Getty Images
Massachusetts: Pittsfield
> Median monthly rental price: $894 (Massachusetts: $1,336)
> Share of income typically spent on rent: 29.9% (Massachusetts: 29.6%)
> Rental occupied housing units: 30.0% (Massachusetts: 37.5%)
> Median home value: $221,000 (Massachusetts: $398,800)
> No. of metros considered in ranking: 5
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Michigan: Bay City
> Median monthly rental price: $679 (Michigan: $892)
> Share of income typically spent on rent: 27.8% (Michigan: 29.3%)
> Rental occupied housing units: 23.9% (Michigan: 28.3%)
> Median home value: $106,400 (Michigan: $162,600)
> No. of metros considered in ranking: 14
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Minnesota: Duluth
> Median monthly rental price: $794 (Minnesota: $1,010)
> Share of income typically spent on rent: 29.2% (Minnesota: 28.2%)
> Rental occupied housing units: 27.7% (Minnesota: 28.1%)
> Median home value: $162,700 (Minnesota: $235,700)
> No. of metros considered in ranking: 5
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Mississippi: Hattiesburg
> Median monthly rental price: $815 (Mississippi: $789)
> Share of income typically spent on rent: 31.2% (Mississippi: 29.6%)
> Rental occupied housing units: 34.9% (Mississippi: 31.2%)
> Median home value: $135,600 (Mississippi: $125,500)
> No. of metros considered in ranking: 3
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Missouri: Jefferson City
> Median monthly rental price: $686 (Missouri: $843)
> Share of income typically spent on rent: 23.5% (Missouri: 27.6%)
> Rental occupied housing units: 28.3% (Missouri: 32.9%)
> Median home value: $162,100 (Missouri: $163,600)
> No. of metros considered in ranking: 8
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