Let's Face It: Rent Is Expensive
Your rent check is probably one of your biggest (and often most dreaded) expenses. And, depending on where you live, this expense can take up a sizable amount of your paycheck. But it’s an essential, so every month, we write that check.
That said, how much your budget can truly afford for rent each month is probably one of the biggest considerations you’ll make if it comes time to relocate. Well, that and if your credit is in a good enough place to even get your application approved for some new digs. (Not sure about that last part? You can take a look at two of your free credit scores, updated every 14 days, on Credit.com and come fully prepared to the meeting with your real estate agent.)
And what if it’s time not just for a new apartment but for a new city altogether? Whether you’re looking to move to a new city to help further your career or simply because you’re ready for a change of scenery, affordability is a big deal. And that’s where this list of just how affordable it is to rent a one-bedroom apartment in 20 of the biggest U.S. cities can come in handy.
4. Raleigh, North Carolina
Average Rent-to-Income: 23%
Average Monthly Rent: $1,037