Categories: Arkansas News

Finding apartments under $1,000 can be difficult — unless you live in Little Rock, says Zillow

(NEXSTAR) – While the price of owning a home continues to soar across the country, many are looking to rent in hopes of just finding an affordable place to have a roof over their heads.

The problem is, rental prices for apartments are rising as well, particularly in larger markets.

A new report from Zillow has found that it has become extremely difficult to find apartments that cost less than $1,000 per month in the 100 largest cities in the U.S.

In fact, among these 100 cities, only 13 have more than a third of their available apartments listed as under $1,000 per month, according to Zillow.

For the most part, living in the Midwest or the South offers the best chance at finding an affordable apartment in a major city.

According to Zillow, Wichita, Kansas, has the highest number of apartments costing less than $1,000 per month, with slightly more than 54% of apartments.

Not far behind is McAllen, Texas, at 50.6%, which is the only other city to have more than half of their apartments under $1,000.

Other cities with the largest percentage of apartments available at under $1,000 per month include Little Rock, Arkansas, Toledo, Ohio, and Oklahoma City, Oklahoma.

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Here’s the full list of the 20 cities with the highest percentage of apartments priced at less than $1,000 per month, according to Zillow.

Rank City Percentage of Apartments Worth Less Than $1,000/Month
1. Wichita, KS 54.10%
2. McAllen, TX 50.60%
3. Little Rock, AR 49.30%
4. Toledo, OH 45.90%
5. Oklahoma City, OK 42.00%
6. Tulsa, OK 41.10%
7. El Paso, TX 38.50%
8. Akron, OH 38.40%
9. Dayton, OH 38.10%
10. Winston, NC 37.70%
11. Des Moines, IA 36.90%
12. Tucson, AZ 36.10%
13. Baton Rouge, LA 34.40%
14. Memphis, TN 31.20%
15. Cleveland, OH 31.00%
16. Scranton, PA 29.80%
17. Greensboro, NC 28.70%
18. St. Louis, MO 28.20%
19. Jackson, MS 28.10%
20. Omaha, NE 26.90%
(Zillow)

On the other end of the spectrum, cities that ranked lower on the list (with fewer apartments under $1,000 per month) seemed to be located on the coasts of the U.S., according to Zillow’s analysis.

Boston, Massachusetts, sits at the bottom with only 1.2% of apartments in the city listed at under $1,000 per month.

Other cities with less than 2% of apartments under $1,000 per month include: Washington, D.C.; Charleston, South Carolina; Cape Coral, North Port, and Miami in Florida; and finally San Diego and San Jose in California.

To see the full list of cities, or how affordable apartments are in a major city near you, check out Zillow’s complete report on their website.

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