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MReport August 2022

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M R EP O RT | 11 Living Larger in Smaller Cities Amid ongoing affordability issues and an unpredictable market, renters can get the biggest bang for their buck by renting in smaller cities like Amarillo, Texas; Little Rock, Arkansas; and Oklahoma City. R entCafe has released new findings along with ranking the best cities for renters in the United States, using a unique index based on proprietary data and metrics, such as the cost of liv- ing, local economy, and quality of life. Analysts used these metrics to see in which cities renters will get the most space for their money, considering a monthly budget of $1,500—which is roughly the national average rent. Data found that renters in smaller cities across the nation, like Amarillo, Texas, and Little Rock, Arkansas, get the most bang for their buck, with rentals offering up to 1,411 square feet. What makes these locations stand out are larger-than-average apartment sizes and lower rent prices. At the bottom of the list, San Diego apart- ments offer the least space on the list—just 463 square feet for $1,500—which is just one-third of the space that Amarillo apartments offer for the same monthly rent. In the recent ranking of the best cities for renters in the country, the spotlight was claimed mostly by small cities. This is also true for the cities that offer the most space for $1,500. In fact, in the top 10 alone, seven of the ranking locations are small towns with popula- tions of less than 300,000. Below are the top locations where you're sure to find the sweet spot of price and space. MDWELL Source: https://themreport.com/daily-dose/07-18-2022/city-rentals-ranking LUBBOCK, TEXAS Space for $1,500: 1,273 square feet Average monthly rent: $1,078 Average apartment size: 915 square feet Ranking in the top best cities for renters: #21 AMARILLO, TEXAS Space for $1,500: 1,411 square feet Average monthly rent: $879 Average apartment size: 827 square feet Ranking in the top best cities for renters: #23 OKLAHOMA CITY, OKLAHOMA Space for $1,500: 1,390 square feet Average monthly rent: $917 Average apartment size: 850 square feet Ranking in the top best cities for renters: #44 OMAHA, NEBRASKA Space for $1,500: 1,288 square feet Average monthly rent: $1.069 Average apartment size: 918 square feet Ranking in the top best cities for renters: #45 (tied with Memphis) LITTLE ROCK, ARKANSAS Space for $1,500: 1,395 square feet Average monthly rent: $946 Average apartment size: 880 square feet Ranking in the top best cities for renters: #37 MEMPHIS, TENNESSEE Space for $1,500: 1,323 square feet Average monthly rent: $1,032 Average apartment size: 910 square feet Ranking in the top best cities for renters: #45 MOBILE, ALABAMA Space for $1,500: 1,343 square feet Average monthly rent: $1.042 Average apartment size: 933 square feet Ranking in the top best cities for renters: #48 HUNTSVILLE, ALABAMA Space for $1,500: 1,281 square feet Average monthly rent: $1,101 Average apartment size: 940 square feet Ranking in the top best cities for renters: #25 AUGUSTA, GEORGIA Space for $1,500: 1,253 square feet Average monthly rent: $1,099 Average apartment size: 918 square feet Ranking in the top best cities for renters: #43 LAFAYETTE, LOUISIANA Space for $1,500: 1,297 square feet Average monthly rent: $1,055 Average apartment size: 912 square feet Ranking in the top best cities for renters: #28 9 1 2 3 8 7 4 5 6 10

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