Renting? Get the Biggest Bang for Your Buck in These Cities

Zillow

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Kansas City isn’t just topping charts for its barbecue this summer — it’s also where renters can get the most for their money. According to Zillow’s latest analysis, Kansas City is one of 10 big cities offering the best combination of:


  • Current rental prices
  • Price per square foot
  • Low year-over-year changes in cost of rent
  • Low cost of rent compared with the cost of buying a home

If you’re looking to rent, this could mean the difference between a 2-bedroom with a private patio and a 500-square-foot studio. And for prospective buyers facing the current rise in home values and low for-sale inventory, renting in one of these cities may present an attractive alternative. Here’s a look at homes for rent in the top 10 places where you can get the biggest bang for your buck.

No. 10: Milwaukee, WI


Median Rent List Price: $807
Zillow Rent Index: $1,001 (Click here for Zillow Rent Index methodology.)
Median Rent List Price Per Square Foot: $0.91
Year-over-year Zillow Rent Index: 1.6%
Q1 2013 Breakeven Horizon: 2.4 years

Milwaukee[1]

1922 N 52nd St, Milwaukee, WI

For rent: $1,500 per month

  • Specs: 1,145 square feet, 2 bedrooms, 1.25 baths
  • Extras: Professional landscaping, outdoor living space, laundry, 2-car detached garage

No. 9: New Orleans, LA


Median Rent List Price: $1,250
Zillow Rent Index: N/A
Median Rent List Price Per Square Foot: $1.15
Year-over-year Zillow Rent Index: N/A
Q1 2013 Breakeven Horizon: 7.3 years

New_Orleans[1]

3109 General Taylor St, New Orleans, LA
For rent: $1,100 per month

  • Specs: 1,094 square feet, 3 bedrooms, 1 bath
  • Extras: Front porch, off-street parking, pets on case-by-case basis, tenant-maintained yard

No. 8: Columbus, OH


Median Rent List Price: $750
Zillow Rent Index: $998
Median Rent List Price Per Square Foot: $0.85
Year-over-year Zillow Rent Index: 0.4%
Q1 2013 Breakeven Horizon: 2.1 years

Columbus[1]

136 Columbian Ave, Columbus, OH
For rent: $800 per month

  • Specs: 1,232 square feet, 3 bedrooms, 1 bath
  • Extras: 2-car detached garage, proximity to parks and schools

No. 7: Fresno, CA


Median Rent List Price: $750
Zillow Rent Index: $1,158
Median Rent List Price Per Square Foot: $0.81
Year-over-year Zillow Rent Index: 0.0%
Q1 2013 Breakeven Horizon: 2.3 years

Fresno

4265 W Princeton Ave, Fresno, CA 
For rent: $945 per month

  • Specs: 972 square feet, 2 bedrooms, 1 bath
  • Extras: Covered patio, 2-car garage, cats allowed

No. 6: Tucson, AZ


Median Rent List Price: $800
Zillow Rent Index: $988
Median Rent List Price Per Square Foot: $0.76
Year-over-year Zillow Rent Index: 0.6%
Q1 2013 Breakeven Horizon: 2.3 years

Tucson

750 E Irvington Rd, Tucson, AZ 
For rent: $715+ per month

  • Specs: 875 square feet, 2 bedrooms, 2 baths
  • Extras: Pets allowed, shared pool and spa, fitness center

No. 5: Virginia Beach, VA


Median Rent List Price: $1,300
Zillow Rent Index: $1,514
Median Rent List Price Per Square Foot: $0.98
Year-over-year Zillow Rent Index: 0.9%
Q1 2013 Breakeven Horizon: 5.1 years

Virginia Beach

921 Sedley Rd, Virginia Beach, VA 
For rent: $1,500 per month

  • Specs: 1,710 square feet, 3 bedrooms, 3 baths
  • Extras: Fenced backyard, 1-car garage

No. 4: Las Vegas, NV


Median Rent List Price: $1,075
Zillow Rent Index: $1,129
Median Rent List Price Per Square Foot: $0.73
Year-over-year Zillow Rent Index: +0.5%
Q1 2013 Breakeven Horizon: 3 years

Las Vegas

5904 Briar Rose Ln, Las Vegas, NV
For rent: $1,050 per month

  • Specs: 1,500 square feet, 3 bedrooms, 2 baths
  • Extras: 2-car garage, laundry, backyard patio

No. 3: El Paso, TX


Median Rent List Price: $1,000
Zillow Rent Index: $988
Median Rent List Price Per Square Foot: $0.74
Year-over-year Zillow Rent Index: 8.8%
Q1 2013 Breakeven Horizon: 2.4 years

El Paso

3712 Trina, El Paso, TX
For rent: $950 per month

  • Specs: 1,390 square feet, 3 bedrooms, 2 baths
  • Extras: Fireplace

No. 2: Wichita, KS


Median Rent List Price: $695
Zillow Rent Index: $942
Median Rent List Price Per Square Foot: $0.70
Year-over-year Zillow Rent Index: 2.1%
Q1 2013 Breakeven Horizon: N/A

Wichita

13115 E Laguna St, Wichita, KS 
For rent: $950 per month

  • Specs: 900 square feet, 1 bedroom, 1 bath
  • Extras: Utilities included, garage, neighborhood pool access

No. 1: Kansas City, MO


Median Rent List Price: $799
Zillow Rent Index: $898
Median Rent List Price Per Square Foot: $0.76
Year-over-year Zillow Rent Index: 0.1%
Q1 2013 Breakeven Horizon: N/A

Kansas City

1909 NW 82nd Ter, Kansas City, MO
For rent: $1,100 per month

  • Specs: 1,371 square feet, 2 bedrooms, 2.5 baths
  • Extras: Partially finished basement, cedar deck, professionally landscaped yard

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