11 U.S. Cities Where It’s Cheaper to Rent Than Buy a Home

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One of the toughest parts of moving to a new city is finding somewhere to live. Your first thought may be to only look at houses for sale, but it’s also a good idea to look at what’s available to rent. In many cities throughout the United States, renting an apartment or house can actually be cheaper than buying a place. This is true in both large and mid-sized cities. Renting also has many other benefits. If you get a new job, you can easily pack up and leave. Plus, your landlord will be responsible for repairs, saving you tons of money. Before you move, check out this list of eleven cities where it’s cheaper to rent than buy a home.

1) St. Louis, MO

The Midwestern city of St. Louis has plenty to offer residents, including 1,293 acres of beautiful parks and a hip downtown area filled with restaurants and bars. If you’re thinking of moving to the Gateway to the West, renting may be your best option. While housing is pretty affordable in St. Louis, renting is still cheaper. The median home price in this city is $108,900. The average price for a one-bedroom apartment is $972, which is a 2.67 percent decrease from last year. If you’re looking for something a little bigger, the average price of a two-bedroom apartment is $1272, which is a 9.51 percent decrease from last year. If you love the look of historic apartments, check out Downtown St. Louis. Here, you’ll find many places with lovely hardwood floors and original moldings.

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