
Sioux Falls Among Best Cities for Renters
Not everyone wants to - or can afford to own their own home. According to a recent study, around 46 million American households are choosing to rent rather than buy a home.
Not that renting is always cheaper, it depends on your financial situation, and the area where you are choosing to rent can be a huge factor too. Last year, rental prices rose by over 5 percent, while mortgage rates continue to come down.

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The financial gurus at Wallet Hub are trying to help renters get the best "bang for their buck," and again, it seems that location can have a great deal to do with how much money it will cost you.
In their latest look at rental prices and situations across the country, Sioux Falls turned out to be one of the less expensive large cities to rent in. They compared over 180 of the largest cities in the country to come up with that result.
It makes me wonder about rental prices in other large cities, considering some of the mind-boggling rental prices here and the continued conversations about the lack of affordable housing.
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In any case, after considering things like rental vacancy rates, rental affordability, historical rental price changes, cost-of-living, security deposits, weather, driver and recreation friendliness, safety, quality of school systems, and more, they came up with some interesting results.
Here are Wallet Hub's Top 10 Best Cities to Rent In:
- Overland Park, KS
- Scottsdale, AZ
- Chandler, AZ
- Gilbert, AZ
- Bismarck, ND
- Sioux Falls, SD
- Huntsville, Alabama
- Peoria, AZ
- Lewiston, ME
- Nashua, NH
You can see the complete Best & Worst Cities for Renters study at WalletHub.
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