a little I got good news when renting.
The median asking rent for zero to two-bedroom properties fell 0.6% ($10) in August to $1,771 from July. According to Realtor.comThis is the first drop in the top 50 cities since November.
Indeed, rents rose 9.8% in the 12 months to August. However, for the first time since July 2021, he is up in single digits.
cheapest city to upsize
If you are a renter, you may be thinking of upgrading to an apartment with another bedroom. RentCafe, an apartment search site, I put together a list The cheapest city to move to a bigger apartment.
The average U.S. renter can move into an apartment with an extra bedroom for $199 a month in the 728 cities surveyed as of May.
Those currently living in a studio apartment will pay $71 a month, those living in a one-bedroom unit will pay $236 a month, and those living in a two-bedroom apartment will pay $294 a month.
In 83 cities, mostly suburbs, renters can get an extra bedroom for less than $100 a month.
The cheapest of the 83 is Portsmouth, Virginia at $25/month. Memphis is the only major city under $100, totaling $87.
Here’s a list of the top 10 cheapest cities to add another bedroom
1. Portsmouth, Virginia.: $25. Metropolitan Area: Virginia Beach.
2. Augusta, Georgia.: $29. Metropolitan area: Augusta.
3. Williamsburg, Virginia.: $31. Metropolitan Area: Virginia Beach.
Four. Ark, Springdale.: $36. Metropolitan Area: Fayetteville.
Five. Noblesville, Indiana.: $36. Metropolitan Area: Indianapolis.
6. Gastonia, North Carolina: $42. Metropolitan Area: Charlotte.
7. orange park, florida.: $42. Metropolitan Area: Jacksonville.
8. Conway, Ark.: $43. Metro Area: Little Rock.
9. Midwest City, Oklah.: $43. Oklahoma City.
Ten. high point, north carolina: $44. Greensboro.
RentCafé’s commitment to Portsmouth
“Portsmouth offers a small town quality of life, with excellent infrastructure and an economy focused on diverse talent,” the report said.
“The cost of living is about the same as the national average, but renters here tend to have a higher quality of life.”
RentCafe’s commitment to Augusta
“Augusta’s cost of living is well below the national average, making the city a great rental spot for young professionals, students, families, and retirees,” the report said.
RentCafe’s commitment to Williamsburg
“It’s one of Virginia’s safest cities and a popular place to work because of the growth in tourism and the telecommunications sector,” the report said.
Springdale’s take on Rent Cafe
“Springdale is just nine miles from Fayetteville, the most competitive small city for renters, and benefits greatly from Walmart’s immense economic impact in northwest Arkansas.” said the report.
RentCafe’s commitment to Noblesville
According to reports, the cost of living in Noblesville is below average. “Plus, Noblesville is part of the largest metro on our ranking, so renters have easy access to well-paying jobs.”
https://www.thestreet.com/personal-finance/cheapest-cities-upsize-rental-apartments Here are the cheapest cities to upsize your rental