There are many factors that go into finding a place to live. If you’re finding it hard to qualify for a mortgage, don’t have a sufficient down payment or are on a time crunch to find a new home, it wouldn’t hurt to check out rent-to-own options. Some states are more welcoming to the idea of rent-to-own compared to other states, as it’s a great way to diversify their local economies and populations.

 

Let’s look at some of the places in the US that have large amounts of rental properties waiting for their new tenants or possibly new future owners!

 

Raleigh, North Carolina

Affordability:

The average rent in Raleigh is $1,510 per month, which has stayed consistently below the national average for several years. When deciding where to live, most people look for where they can get the most bang for their buck, and North Carolina is a great state to do so. The average apartment square footage comes in right around 958sq. ft. In addition, renter-occupied housing makes up 43% of the market, giving you plenty of options.

Job market:

The city of Raleigh has been attracting major companies for a while now, including Apple, which will bring 3,000+ new jobs to the area.

Safety:

North Carolina, as a state has very low crime rates with a 1-in-235 chance of becoming the victim of a violent crime. In Raleigh specifically, you have a 1-in-241 chance. As with any densely populated area, there’s bound to be crime, but Raleigh is generally very safe.

Wellness:

Here, you really get the best of both worlds. There’s no shortage of great restaurants and bars, to shopping and other entertainment right at your doorstep. If the city life isn’t your weekend vibe, you’ve got the ocean to the east and the beautiful Blue Ridge Mountains to the west with great state parks scattered between with a lovely, mild climate to boot.

Charleston, South Carolina

Affordability:

Coming in at second on our list is Charleston, South Carolina. The average rent here is $1,708 per month with an average apartment size of 936 sq. ft. Renter-occupied housing makes up 47% of the market in Charleston, so you’re bound to have some luck finding the perfect place.

Job market:

Do you like the flexibility of being able to work from anywhere? The city of Charleston is becoming a hotspot for remote work opportunities. There are also many opportunities for jobs in the healthcare field as well as manufacturing and tourism.

Safety:

In Charleston, you have a 1-in-227 chance of becoming the victim of a violent crime. Some of the safest neighborhoods, as ranked by neighborhoodscout.com, include Rantowles/Red Top and Parrot Point/Oceanview.

Wellness:

Charleston has no shortage of restaurants and bars that are perfect for winding down (or turning up) into the weekend. The darling, historic downtown is just steps away from the beach if you prefer a more relaxed atmosphere. Like its sister state, North Carolina, Charleston has a mild climate that is sure to please.

Austin, Texas

Affordability:

The average rent is right around $1,690 per month in Austin, Texas, which has stayed consistent with the national average over the last few years. The average apartment size in the city is 865 sq. ft. Renter-occupied housing makes up 48% of the market in Austin.

Job market:

Austin had made its way onto one of our other lists, specifically for this topic. Major tech companies including Apple and Tesla have begun to plant their roots in the Lone Star State. It’s also a great place for artists and small businesses.

Safety:

In this city, you have a 1-in-205 chance of becoming the victim of a violent crime. The neighborhoods on the outskirts of the city tend to be the safest.

Wellness:

Keep Austin Weird! This wonderful city attracts artists and foodies alike. There’s a booming food truck scene that covers everything from wonky gourmet donuts to incredible street tacos. With friendly locals and great live music venues, Austin has no shortage of entertainment. It has a nice network of bike trails and city parks for the active people that don’t want to travel too far for outdoor enjoyment.

Oklahoma City, Oklahoma

Affordability:

The most affordable on the list goes to Oklahoma City (OKC). The average rent here is an astounding $893 per month with an average apartment size of 850 sq. ft. It has stayed consistently well below the national average. 38% of households in the city are renter-occupied, so you may have less options, but you’re sure to find some great prices.

Job market:

If you’re looking for low employment rates, yet a steady job with a major employer, OKC might be the place for you! As of late, its unemployment rate has come in below 2% and companies such as Paycom, Boeing and Hobby Lobby have been attracting plenty of new workers into the state.

Safety:

In Oklahoma City, you have a 1-in-141 chance of being the victim of a violent crime. Again, the safest areas are typically on the outskirts of the city. Some of the safest neighborhoods include Witcher and Clothier.

Wellness:

If you like hiking, rafting, fishing or boating, then you’re in luck. OKC has over 20 different lakes and an insane network of trails if you prefer land. Lake Murray is a favored escape from city life and Arcadia Lake comes in at a close second. If you’re more of a city-goer, try viewing it from a streetcar that can take you around the main drag.

Tampa, Florida

Affordability:

In March of 2021, the average rent in Tampa floated above the national average for the first time in several years at $1,762 per month. The recent influx of people moving to Florida has created a high demand for housing and the market is having a hard time keeping up. The average apartment size is 927 sq. ft. and 44% of the households in Tampa are renter-occupied.

Job market:

Like Charleston, Tampa has started to attract more remote jobs. Tampa has over 70 different colleges, universities, and technical schools that bring a lot of young job seekers to the area. Why not reply to that work email from your balcony overlooking the ocean?

Safety:

Here in Tampa, you have a 1-in-179 chance of being the victim of a violent crime. Some of the safer neighborhoods include Cosme and Carrollwood Village.

Wellness:

Tampa is a friendly and diverse city that melds the best of both worlds, a bustling night life and a relaxing day at the beach. Tampa, like much of Florida, has a humid subtropical climate that may not be for everyone in the summer, but the winter months bring cooler temperatures that can be enjoyed by everyone.

 

The past couple years have been a doozy and for many people, it’s time for a chance of pace. Renting is an ideal way to try out a new area before fully committing to a new place to set down roots. So, have you started packing yet?

Additional Resources

Raleigh Rental Market

Raleigh Crime Rates

Charleston Rental Market

Charleston Crime Rates

Austin Rental Market

Austin Crime Rates

OKC Rental Market

OKC Crime Rates

Tampa Rental Market

Tampa Crime Rates