With high mortgage rates discouraging potential home buyers, the U.S. Census Bureau reports that more than 35% of U.S. households are turning to rentals. While many American cities are notoriously expensive, there are some growing communities where rental prices fit more reasonably with average salaries.
Analyzing data from the U.S. Census Bureau, the Bureau of Labor Statistics (BLS) and the Department of Housing and Urban Development (HUD), MoneyGeek ranked the most affordable, growing cities for renters based on the cost of a single-bedroom apartment, average income and vacancy rates. The biggest surprise? All but one of the cities in the top ten are in the Sun Belt.