In this piece, we will take a look at the five major cities that have the cheapest rent in the U.S. For more cities, head on over to 15 Major Cities That Have the Cheapest Rent in the U.S.
5. Milwaukee, Wisconsin
Rent for a 2 Bedroom Apartment: $1,110
Milwaukee houses close to six hundred thousand people. It is a relatively younger city that was set up in 1846. Despite its small size, Milwaukee houses several Fortune 500 companies such as Rockwell Automation and Harley Davidson. It is one of the cheapest cities to live in America both when it comes to two bedroom and single bedroom apartments. Its two bedroom rent of $1,110 is only fifty dollars higher than the rent for a single bedroom apartment which sits at $960.
4. El Paso, Texas
Rent for a 2 Bedroom Apartment: $1,100
El Paso houses more than half a million people, making it a relatively larger city especially when its low rents are considered. A single bedroom apartment costs on average $830 in rent. El Paso has a relatively advanced economy, as it makes a variety of products such as machine parts, car parts, copper wire, and medical instruments. At the same time, the city is home to dozens of Fortune 500 companies, with some of these being AT&T, DISH, and Boeing.
3. Detroit, Michigan
Rent for a 2 Bedroom Apartment: $1,100
Detroit is a cultural hub in Michigan. At the same time, it is also an economic hub within the state. Detroit also houses the headquarters of General Motors – one of America’s largest car manufacturers. Other important companies such as HP, Deloitte, and PwC also have a presence in the city.
2. Oklahoma City, Oklahoma
Rent for a 2 Bedroom Apartment: $1,080
Oklahoma City is a rare state capital on the second part of our list. It is also Oklahoma’s most populous city, as it houses almost seven hundred thousand people. The city is known to headquarter several Fortune 500 energy firms and the FAA is also a major employer of its residents. Oklahoma was also a late country to join the Union, as it was admitted in 1907.
1. Memphis, Tennessee
Rent for a 2 Bedroom Apartment: $1,000
Memphis is one of the most populous cities in Tennessee. Memphis’ location has made it into an economic and transportation hub in its state. It has one of the busiest cargo airports in the world, and the city also acts as a hub for FedEx. Additionally, Memphis is also a major player in the aircraft components industry, and it also makes other products such as medical instruments and telephones. A single bedroom apartment costs $900 while a two bedroom apartment cost $1,000 in rent.
Disclosure: None. You can also take a look at 10 Best Humane Stocks to Buy Now and 15 Small Company Stocks You Should Own Now.
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