Our figures are based on the National Low Income Housing Coalition’s (NLIHC) ‘Out of Reach’ report. NLIHC use a two-bedroom home as the standard for assessing rents as it is the most commonly rented property type.
The most expensive states in which to lease a home are Hawaii and California, where you’d need to earn more than three times the minimum wage to make rent. The most affordable states are Arkansas and Kentucky, where rents are half that of the most expensive states!
For more analysis read our article 'The Great American Rent Divide: Why & How Rents Are Diverging Nationwide'
Lowest Cost States to Rent In