What state has the highest rent prices?

Hawaii and California consistently rank as the states with the highest rent in the U.S., often trading the top spot depending on the report, with Hawaii generally having the highest median rent due to limited space, high import costs, and strong tourism, while California follows closely due to high demand in its major cities and limited housing supply, alongside states like Massachusetts, New York, and New Jersey also having very expensive rental markets.

What state has the most expensive rent?

The most (and least) expensive states to live in for renters

Overall, the average rent price in the U.S. is $1,326 per month. Sixteen states — or 32% — came in below that figure, while 68% fell above it. Hawaii tops the state list, with a median rent price of $1,868 — $12 more than the runner-up, California ($1,856).

What state has the lowest rent price?

West Virginia consistently ranks as the state with the cheapest rent in the U.S., followed closely by states like Mississippi, Arkansas, South Dakota, and Kentucky, with Oklahoma also often appearing on the most affordable lists, though prices can vary by data source and specific city. These states offer significantly lower average rental costs, sometimes with median prices below $900 for various apartment sizes. 

What are the top 10 landlord-friendly states?

10 Most Landlord-Friendly States in 2025

• Criteria for Ranking States.
• #10: Colorado.
• #9: Kentucky.
• #8: Ohio.
• #7: North Carolina.
• #6: Georgia.
• #5: Alabama.
• #4: Indiana.

Can I afford $1000 rent making $20 an hour?

*“If you're earning $20 an hour, you might be wondering — can I really afford $1,000 rent? 🤔 You're bringing in about $3,200 before taxes, and experts suggest keeping rent near 30% of your income — that's roughly $960. So yes, $1,000 rent is doable… but it's tight with other bills.

Why Is the Rent So Damn High? The Real Reason Will Shock You

What is the monthly payment on a $400,000 mortgage at 7%?

Monthly payments on a $400,000 mortgage

At a 7.00% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $2,661 a month, while a 15-year might cost $3,595 a month.

Which state is not landlord-friendly?

10 Landlord-Unfriendly States

1. California: California combines strict rent caps, high income taxes, and costly squatter protections that turn rental ownership into an uphill march that many landlords don't finish.

Which states have no rent control?

Most U.S. states don't have statewide rent control, with many actively prohibiting local control (preemption), but states like Delaware, Hawaii, Montana, Nebraska, Ohio, Rhode Island, Wyoming, Alabama, and Florida are often cited as having no rent control or bans, while others like Maine, Maryland, New Jersey, New York, and Minnesota allow it locally despite no state mandate, creating a mix of policies. Oregon, California, and Washington D.C. have statewide rules, while many others have local laws or strong preemption laws.
 

What states are most rent burdened?

Florida, Hawaii, and Louisiana have the highest shares of rent-burdened renters while North Dakota, South Dakota, and Nebraska have the lowest.

Is it cheaper to rent or buy a home?

In many U.S. cities, renting is the smarter financial choice as homeownership costs far exceed long-term rental expenses. Many of these cities are in California, where high home prices and property taxes make renting more practical.

What is the #1 cheapest state to live in?

Below is a detailed breakdown of the ten most affordable states to live in 2025:

• Arkansas. Arkansas continues to be one of the most affordable states in the U.S., especially for those looking to buy property. ...
• Mississippi. ...
• Oklahoma. ...
• New Mexico. ...
• Missouri. ...
• Tennessee. ...
• Michigan. ...
• Texas.

Where am I supposed to live if I can't afford rent?

Explore Government Assistance Programs

Local state and federal programs funded by the U.S. Department of Housing and Urban Development (HUD) provide housing that includes units with rents affordable to low-income tenants and vouchers that help offset rent payments at privately owned housing.

What is the #1 expensive state to live in?

Top 10 states with the HIGHEST cost of living 💰💰💰 The No. 1 most expensive state is Hawaii, according to Stacker, which analyzed the rankings based on the cost of living by The Council for Community & Economic Research.

What state has the cheapest monthly rent?

West Virginia consistently ranks as the state with the cheapest rent in the U.S., followed closely by states like Mississippi, Arkansas, South Dakota, and Kentucky, with Oklahoma also often appearing on the most affordable lists, though prices can vary by data source and specific city. These states offer significantly lower average rental costs, sometimes with median prices below $900 for various apartment sizes. 

What state has the most unaffordable housing?

Key Points (2025)

Best price-to-income ratios: West Virginia shows a 2.9 ratio, Iowa comes in at 3.0, and Kansas sits at 3.2, offering the most balanced housing costs relative to local incomes. On the opposite end, Hawaii at 8.8 and California at 8.2 represent the least affordable markets in the nation.

What states are most friendly to landlords?

States like Texas, Florida, Indiana, and Georgia are widely recognized as landlord-friendly due to low taxes, limited rent control, and efficient legal processes that support property owners.

Can you say no to a rent increase?

You do not have to agree to the rent increase or sign a new tenancy agreement. But your landlord could take steps to end your tenancy if you do not agree. For example, with a section 21 notice. If your contract has a rent review clause, it should say how often the rent could go up.

What state has the most renters?

Rent statistics by state in the U.S.

The state with the highest number of renter-occupied homes is Washington DC (58.9%), followed by New York (45.9%), and California (44.2%). West Virginia has the highest percentage of owner-occupied housing units (74.4%), with Maine and Delaware both in second (74.1%).

What is the least desirable state to live in?

These states are America's worst for quality of life in 2025:

• Oklahoma.
• Arkansas.
• Alabama.
• Georgia.
• Louisiana.
• Utah.
• Indiana.
• Texas.

Which states have the worst tenant rights?

What States Have the Highest Eviction Rates?

• Virginia. In Virginia, 13 out of every 100 renter households face the possibility of losing their homes – the highest eviction rate in the nation. ...
• Delaware. Delaware has the second-highest eviction rate in the country. ...
• Indiana. ...
• Texas. ...
• South Carolina.

Can I afford a 400k house with $100k salary?

Yes, you can likely afford a $400k house on a $100k salary, but it depends heavily on your credit score, down payment, other debts, and location; lenders often suggest keeping total housing costs under $2,300/month (28% of $8,333 gross monthly income), which is feasible with a decent down payment and manageable interest rates, though a larger down payment or higher interest rates would strain the budget, so use mortgage calculators and talk to a lender for personalized advice. 

What credit score is needed for a low rate?

To qualify for a low-rate credit card, you generally need a credit score of 700 or higher. This puts you in the “good” to “excellent” credit range, which most lenders prefer for low-interest rates. Credit union lenders can potentially approve individuals with lower scores, but they may charge higher rates.

What will the mortgage rate be in 2025?

In late 2025 (around December 31st), 30-year fixed mortgage rates dipped to their lowest point for the year, averaging around 6.15%, down significantly from early 2025's near 7% and a year prior's 6.91%, thanks to Federal Reserve rate cuts. Rates for 15-year mortgages also fell, averaging about 5.44%. While rates were lower by year-end, they fluctuated through 2025, generally hovering in the mid-6% to low 7% range, with late-year drops boosting buyer sentiment for 2026.