Anyone who has recently gone hunting for a new apartment to rent experiences the same headache. It seems like every year, rent prices go up while availability goes down.
When it comes to the highest percentage of a household income to pay rent, here are some area cities ranked.
#23. Shelbyville
– Median gross rent as a percentage of household income: 26.3%
– Median rent: $801
– Number of renter-occupied homes: 5,279 (29.5% of all housing units)
#17. Tullahoma
– Median gross rent as a percentage of household income: 27.2%
– Median rent: $756
– Number of renter-occupied homes: 11,879 (28.7% of all housing units)
#15. McMinnville
– Median gross rent as a percentage of household income: 27.4%
– Median rent: $679
– Number of renter-occupied homes: 4,690 (29.7% of all housing units)
#1. Memphis
– Median gross rent as a percentage of household income: 31.2%
– Median rent: $998
– Number of renter-occupied homes: 198,260 (39.3% of all housing units)
This story originally appeared on Belong and was produced and distributed in partnership with Stacker Studio.
