In a world where housing costs seem to rise year after year, is it still possible to rent in a major U.S. city for less than $1,500 per month? According to a new FinanceBuzz study using data from Realtor.com, the answer is yes—especially if you’re willing to look beyond the usual coastal hotspots.
From charming East Coast cities to scenic towns in Arizona and Texas, here are 15 metros and mid-sized cities where renters can still find affordable housing options without sacrificing quality of life.
1. Richmond, Virginia – Median Rent: $1,481
Richmond is known for its historical significance, vibrant arts scene, and solid infrastructure. It’s also one of the few East Coast cities where the median rent still falls below $1,500.
Bonus: Tenant protections, like grace periods for late rent and restrictions on excessive fees, make it even more renter-friendly.
2. Raleigh, North Carolina – Median Rent: $1,486
As part of North Carolina’s booming Research Triangle, Raleigh offers a unique blend of Southern charm and economic opportunity. Tech, healthcare, and education industries continue to grow here, all while rents remain relatively affordable compared to similar metros.
Why it matters: High-paying jobs + low rent = big win for remote workers and young professionals.
3. Phoenix–Mesa–Chandler, Arizona – Median Rent: $1,488
The greater Phoenix area has exploded in popularity, but some pockets—like Mesa and Chandler—still offer reasonably priced rentals. Arizona’s lower tax burden and plentiful housing inventory help keep prices in check.
Did you know? Phoenix has some of the most transparent landlord-tenant laws, which benefits both sides.
4. Roanoke, Virginia – Average Rent: ~$1,099
Located in the heart of the Blue Ridge Mountains, Roanoke offers small-town charm with big outdoor perks. Hiking, art museums, and a low cost of living make it especially attractive to retirees and nature lovers.
Standout feature: You can live minutes from scenic trails without breaking the bank.
5. Erie, Pennsylvania
Nestled along Lake Erie, this lakeside city provides waterfront living at a fraction of the cost you’d expect. Erie’s quiet charm and low rental rates attract both retirees and families.
Fun fact: Median rent hovers below $1,000.
6. Anderson, South Carolina
Often overlooked, Anderson offers small-city living with a tight-knit community. With average rents under $1,000, it’s an appealing option for renters looking to escape larger cities while maintaining essential amenities.
7. Yuma, Arizona – One-bedroom Average: $907
Yuma might be small, but it’s growing. With lots of sunshine, a low cost of living, and a supportive business climate, Yuma is ideal for those who love the desert lifestyle.
Pro tip: Rents here are among the lowest on this list.
8. Tucson, Arizona – Average Rent: $1,029
This college town offers more than just university life. With cultural events, food festivals, and mountain views, Tucson combines affordability with community appeal.
Added perk: Great public transit and a robust bike network.
9. Sierra Vista, Arizona – Average Rent: ~$786
If affordability is your #1 priority, Sierra Vista delivers. Close to hiking trails, military bases, and state parks, this small town caters to outdoor lovers and those seeking peace and quiet.
10. Bullhead City, Arizona – Average Rent: $1,240
Situated along the Colorado River, Bullhead City is a relaxed desert town perfect for those seeking a slower pace and warmer winters.
Surprising detail: Just across the river from Nevada’s Laughlin casinos—entertainment without high housing costs.
11. Douglas, Arizona – Average Rent: $1,075
Right on the U.S.–Mexico border, Douglas is another budget-friendly desert town. Its historic downtown and tight-knit community make it a quiet but appealing spot for long-term renters.
12. Crystal River, Florida – Average Rent: $599
Yes, you read that right. Crystal River is one of the few places in the U.S. where you can still rent for under $600/month. Famous for its manatee population, this Gulf Coast town is both charming and wallet-friendly.
13. Corpus Christi, Texas – Average Rent: ~$975
This coastal city offers beach access, a laid-back vibe, and low rents. It’s great for young families, retirees, and remote workers alike.
Local perk: A wide variety of water activities—from paddleboarding to deep-sea fishing.
14. El Paso, Texas
Often considered one of the most affordable cities in the Southwest, El Paso boasts a cost of living 28% below the national average. Median rents remain low while the job market steadily improves.
Highlight: Friendly neighborhoods and low crime rates in many areas.
15. Lake Charles, Louisiana – Average Rent: $1,175
Lake Charles combines Southern hospitality, cultural heritage, and affordability. Post-hurricane rebuilding has led to a slow but steady revival—making now a great time to rent before prices potentially rise.
Final Thoughts
If you’re a renter feeling squeezed in markets like Los Angeles, San Francisco, or New York City, this list proves that affordable housing still exists in the U.S.—you just need to know where to look.
Whether you’re after beach towns, desert communities, college cities, or Appalachian views, these 15 cities offer both budget-friendly rent and lifestyle quality.
As remote work becomes more permanent for many Americans, relocating to one of these affordable metros might just be the smartest move of your year.
Source: 15 U.S. Cities Where Rent Is Still Under $1,500 – FinanceBuzz