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Where renters get the most for their money

  • Where renters get the most for their money
    1/ f11photo

    Where renters get the most for their money

    Once considered an impermanent step on the way to buying a place, renting real estate is on the rise. In 2016, 36.6% of all household heads were leasing their homes—a twist in the ownership-or-bust narrative that was the norm a decade ago. In 2004, the number of American households who owned a home peaked at 69%—and then the Great Recession hit in 2007. What was thought to be an indelible trend in home ownership became a casualty of an economic crash.

    Of course, rent prices have increased sharply as the demand for rental properties has grown. From 2006–2014, cities like San Francisco, New York City, and Austin have all experienced average rental increases of more than 30%. With people putting money into progressively expensive monthly rentals, homeownership could feel farther away than ever.

    Some markets have it far worse the others, as a 500 square foot shoebox in New York City may rival the monthly cost of a 2,000 square foot palace in the South. To help discover just how dramatically rental rates vary across America, Stacker used data from Apartment List to rank every state (plus Washington D.C.) by their average apartment rental price per square foot. Data from more than 3,500 cities, towns, and metro areas were considered to compile these averages.

    For each state, we’ve included the average size apartment that $1,500 in monthly rent will afford—read on to discover where renters get the most for their money.

  • #51. Washington, D.C.
    2/ nesnad // WikiCommons

    #51. Washington, D.C.

    Price per square foot: $2.95

    Size of $1,500 apartment: 510 feet

  • #50. New York
    3/ igormattio, Pixabay

    #50. New York

    Price per square foot: $2.43

    Size of $1,500 apartment: 620 feet

  • #49. Hawaii
    4/ Pxhere

    #49. Hawaii

    Price per square foot: $2.39

    Size of $1,500 apartment: 630 feet

  • #48. Massachusetts
    5/ GoodFreePhotos

    #48. Massachusetts

    Price per square foot: $2.31

    Size of $1,500 apartment: 650 feet

  • #47. California
    6/ 12019, Pixabay

    #47. California

    Price per square foot: $2.15

    Size of $1,500 apartment: 700 feet

  • #46. New Jersey
    7/ Ron Cogswell // Flickr

    #46. New Jersey

    Price per square foot: $1.88

    Size of $1,500 apartment: 800 feet

  • #45. Washington
    8/ skeeze, Pixabay

    #45. Washington

    Price per square foot: $1.64

    Size of $1,500 apartment: 910 feet

  • #44. Rhode Island
    9/ pnelson1, Pixabay

    #44. Rhode Island

    Price per square foot: $1.52

    Size of $1,500 apartment: 990 feet

  • #43. Oregon
    10/ GoodFreePhotos

    #43. Oregon

    Price per square foot: $1.43

    Size of $1,500 apartment: 1,050 feet

  • #42. Maryland
    11/ 12019, Pixabay

    #42. Maryland

    Price per square foot: $1.41

    Size of $1,500 apartment: 1,070 feet

  • #41. Colorado
    12/ Pedro Szekely // Flickr

    #41. Colorado

    Price per square foot: $1.41

    Size of $1,500 apartment: 1,070 feet

  • #40. Illinois
    13/ 12019, Pixabay

    #40. Illinois

    Price per square foot: $1.4

    Size of $1,500 apartment: 1,070 feet

  • #39. Vermont
    14/ Mariamichelle, Pixabay

    #39. Vermont

    Price per square foot: $1.39

    Size of $1,500 apartment: 1,080 feet

  • #38. New Hampshire
    15/ 12019, Pixabay

    #38. New Hampshire

    Price per square foot: $1.37

    Size of $1,500 apartment: 1,090 feet

  • #37. Maine
    16/ Dudesleeper // Wikicommons

    #37. Maine

    Price per square foot: $1.37

    Size of $1,500 apartment: 1,100 feet

  • #36. Connecticut
    17/ 12019, Pixabay

    #36. Connecticut

    Price per square foot: $1.36

    Size of $1,500 apartment: 1,100 feet

  • #35. Florida
    18/ Mariamichelle // Pixabay

    #35. Florida

    Price per square foot: $1.31

    Size of $1,500 apartment: 1,140 feet

  • #34. Minnesota
    19/ Pixabay

    #34. Minnesota

    Price per square foot: $1.27

    Size of $1,500 apartment: 1,180 feet

  • #33. Alaska
    20/ ClickClick5 // Wikicommons

    #33. Alaska

    Price per square foot: $1.25

    Size of $1,500 apartment: 1,200 feet

  • #32. Virginia
    21/ 12019, Pixabay

    #32. Virginia

    Price per square foot: $1.24

    Size of $1,500 apartment: 1,210 feet

  • #31. Pennsylvania
    22/ BruceEmmerling, Pixabay

    #31. Pennsylvania

    Price per square foot: $1.2

    Size of $1,500 apartment: 1,250 feet

  • #30. Wisconsin
    23/ Yinan Chen // Wikicommons

    #30. Wisconsin

    Price per square foot: $1.12

    Size of $1,500 apartment: 1,350 feet

  • #29. Texas
    24/ Argash // Wikicommons

    #29. Texas

    Price per square foot: $1.07

    Size of $1,500 apartment: 1,400 feet

  • #28. Louisiana
    25/ USA-Reiseblogger, Pixabay

    #28. Louisiana

    Price per square foot: $1.06

    Size of $1,500 apartment: 1,420 feet

  • #27. Michigan
    26/ 12019, Pixabay

    #27. Michigan

    Price per square foot: $1.03

    Size of $1,500 apartment: 1,450 feet

  • #26. South Carolina
    27/ acethom, Pixabay

    #26. South Carolina

    Price per square foot: $1.02

    Size of $1,500 apartment: 1,470 feet

  • #25. Arizona
    28/ Jerry Ferguson // Flickr

    #25. Arizona

    Price per square foot: $1.01

    Size of $1,500 apartment: 1,490 feet

  • #24. Delaware
    29/ skeeze, Pixabay

    #24. Delaware

    Price per square foot: $0.99

    Size of $1,500 apartment: 1,520 feet

  • #23. Utah
    30/ 12019, Pixabay

    #23. Utah

    Price per square foot: $0.98

    Size of $1,500 apartment: 1,530 feet

  • #22. Montana
    31/ 12019, Pixabay

    #22. Montana

    Price per square foot: $0.97

    Size of $1,500 apartment: 1,550 feet

  • #21. Iowa
    32/ 12019, Pixabay

    #21. Iowa

    Price per square foot: $0.97

    Size of $1,500 apartment: 1,550 feet

  • #20. Tennessee
    33/ 12019, Pixabay

    #20. Tennessee

    Price per square foot: $0.95

    Size of $1,500 apartment: 1,580 feet

  • #19. Nevada
    34/ skeeze, Pixabay

    #19. Nevada

    Price per square foot: $0.94

    Size of $1,500 apartment: 1,600 feet

  • #18. Nebraska
    35/ Ron Reiring // Wikicommons

    #18. Nebraska

    Price per square foot: $0.94

    Size of $1,500 apartment: 1,590 feet

  • #17. Georgia
    36/ 12019, Pixabay

    #17. Georgia

    Price per square foot: $0.92

    Size of $1,500 apartment: 1,630 feet

  • #16. Ohio
    37/ Carlos Javier // Flickr

    #16. Ohio

    Price per square foot: $0.91

    Size of $1,500 apartment: 1,660 feet

  • #15. North Dakota
    38/ Unimatic1140 // Shutterstock

    #15. North Dakota

    Price per square foot: $0.91

    Size of $1,500 apartment: 1,650 feet

  • #14. North Carolina
    39/ mam5032, PIxabay

    #14. North Carolina

    Price per square foot: $0.89

    Size of $1,500 apartment: 1,680 feet

  • #13. Missouri
    40/ Pixabay

    #13. Missouri

    Price per square foot: $0.89

    Size of $1,500 apartment: 1,680 feet

  • #12. Kentucky
    41/ Chris Watson // Wikicommons

    #12. Kentucky

    Price per square foot: $0.89

    Size of $1,500 apartment: 1,690 feet

  • #11. South Dakota
    42/ skeeze, Pixabay

    #11. South Dakota

    Price per square foot: $0.88

    Size of $1,500 apartment: 1,700 feet

  • #10. Idaho
    43/ taddtography, Pixabay

    #10. Idaho

    Price per square foot: $0.88

    Size of $1,500 apartment: 1,710 feet

  • #9. New Mexico
    44/ Pixabay

    #9. New Mexico

    Price per square foot: $0.87

    Size of $1,500 apartment: 1,720 feet

  • #8. Wyoming
    45/ 12019, Pixabay

    #8. Wyoming

    Price per square foot: $0.86

    Size of $1,500 apartment: 1,740 feet

  • #7. Indiana
    46/ Pixabay

    #7. Indiana

    Price per square foot: $0.86

    Size of $1,500 apartment: 1,740 feet

  • #6. Kansas
    47/ Kzollman // Wikicommons

    #6. Kansas

    Price per square foot: $0.84

    Size of $1,500 apartment: 1,790 feet

  • #5. Oklahoma
    48/ katsrcool // Wikicommons

    #5. Oklahoma

    Price per square foot: $0.8

    Size of $1,500 apartment: 1,870 feet

  • #4. West Virginia
    49/ Tim Kiser // Wikicommons

    #4. West Virginia

    Price per square foot: $0.79

    Size of $1,500 apartment: 1,890 feet

  • #3. Mississippi
    50/ Ken Lund // Wikicommons

    #3. Mississippi

    Price per square foot: $0.79

    Size of $1,500 apartment: 1,910 feet

  • #2. Arkansas
    51/ astroguy52, Pixabay

    #2. Arkansas

    Price per square foot: $0.75

    Size of $1,500 apartment: 2,000 feet

  • #1. Alabama
    52/ André Natta // Flickr

    #1. Alabama

    Price per square foot: $0.74

    Size of $1,500 apartment: 2,020 feet

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