Living the American dream is not easy, especially in this economy. From the latte in the morning to the roof over your head, everything seems to burn a hole in your pocket. But while you might not be able to do much about inflation at the grocery store or the petrol pump, there is one major expense where location can make all the difference – rent. Housing is the biggest line item in a monthly budget, and it has been growing faster than incomes since 2019. For renters, that means the maths has become even more complicated. Today, renters would need to save 5% of their income for 8.7 years to scrape together a 10% deposit on a typical home, up from 7.4 years just a few years ago.
Do not be disheartened. There is still a fix: finding a place where rent does not eat up your entire pay cheque. How about an apartment for less than $1,000? No, it is not a pipe dream. According to recent research from Zillow, apartments under $1,000 per month are still out there, though you will need to look beyond the coasts. Here are 10 cities where you will be able to find a place to rent below $1,000.
