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While renting can be more convenient than owning a home, it comes at a cost. Rental prices have been steadily increasing over the last few years and people are spending more and more of their paychecks on a place to live.
"...with demand for affordable housing exceeding supply, more than one-quarter of all renters – 11.1 million people in total – spend more than 50 percent of their income on housing."
A study conducted by wallethub.com compared more than 180 rental markets using 22 factors. Their interactive map below shows that some of the best cities to rent in the county are in Arizona.
For New Jersey residents it may come as no surprise that Newark landed near the bottom of the list. Though it ranked 79th for affordability, it placed 170th for quality of life. Jersey City ranked slightly better, but not by much.