Big Cities With Affordable Rents in the USA

April 11, 2009

Yahoo!® Financehas a story online entitled “It’s Now A Renter’s Market” by reporter Prashant Gopal and provided by Business Week on Friday, April 10, 2009.

home-sweet-home-plaque_etsy1Our fair city, St. Louis, Missouri, came in at #9 in the Top Ten across the USA. Here’s the information provided on St. Louis, and for the whole story, click on the story title, above.

9. St. Louis

Share of income used for rent: 17.8%
Average rent: $729
Median household income: $49,034
Population: 2.84 million

The St. Louis area, located at the confluence of the Mississippi, Missouri, and Illinois rivers, is home to the Cardinals baseball team, a well-respected art museum, and such large corporations as Enterprise Rent-A-Car and UniGroup. The metro area’s asking rents for apartments increased 1.7% in the fourth quarter, compared to a year earlier.

Image of Home Sweet Home plaque by artist raedunn and available for purchase on etsy.com

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