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Reasons for thejump in rentinclude stronger demand for rentals, low supply of new rental units and overall inflation.
With the national average rent for an 899 sq.
ft. apartment at $1,713, per RentCafe, renters are feeling the squeeze.
But there are still cities that offer cost-effective monthly rentals for one-bedroom units.
Wichita, Kansas
Rent:$785 a month for a 668 sq.
ft. unit
Wichita is the largest city in Kansas, with just under 400,000 residents.
It is nicknamed the Air Capital of the World due to the areas long history ofaircraft design and manufacturing.
Its not only affordable but also has plentiful job opportunities in manufacturing, aviation, energy and IT systems.
El Paso, Texas
Rent:$947 a month for a 648 sq.
Its known for being friendly and is one of themost affordable citiesin the Lone Star state.
Memphis, Tennessee
Rent:$1,005 a month for a702 sq.
Plus, its cost of living is 13% less than the national average.
No state income tax makes Memphis even more appealing.
Lexington, Kentucky
Rent:$1,035 a month for a 679 sq.
The low cost of living is another attractive element Lexington is 6% cheaper than the national average.
Saint Louis, Missouri
Rent:$1,074 a month for 687 sq.
ft. unit
Saint Louis is a fun city forsingles and familiesto settle down in without a hefty price tag.
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