The statistic represents America's 10 most renter-friendly cities based on the Forbes/Marcus & Millichap criteria as of June 2011. At an average monthly rent of 685 U.S. dollars, Phoenix, Arizona was ranked third.
Most renter-friendly cities in the United States as of June 2011
Metropolitan area
Average monthly rent (in U.S. dollars)
Year-over-year change in rent (in percent)
1Q apartment vacancy rate (in percent)
Rent payment cheaper than mortgage payment (in U.S. dollars)
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* As of June, 2011. Forbes and Marcus & Millichap rated the 44 biggest cities in the U.S. based on four criteria: Average rent in the first quarter and how much it changed year-over-year; vacancy rates, since more empty units mean more choices and usually better prices; and lastly the cost of renting versus buying. (In the case of New York City, we limited our analysis to Manhattan due to a lack of data for other areas of the city.)
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Urban Land Institute. (August 9, 2011). Most renter-friendly cities in the United States as of June 2011 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/206103/the-most-renter-friendly-cities-in-the-united-states/
Urban Land Institute. "Most renter-friendly cities in the United States as of June 2011." Chart. August 9, 2011. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/206103/the-most-renter-friendly-cities-in-the-united-states/
Urban Land Institute. (2011). Most renter-friendly cities in the United States as of June 2011. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/206103/the-most-renter-friendly-cities-in-the-united-states/
Urban Land Institute. "Most Renter-friendly Cities in The United States as of June 2011." Statista, Statista Inc., 9 Aug 2011, https://www.statista.com/statistics/206103/the-most-renter-friendly-cities-in-the-united-states/
Urban Land Institute, Most renter-friendly cities in the United States as of June 2011 Statista, https://www.statista.com/statistics/206103/the-most-renter-friendly-cities-in-the-united-states/ (last visited July 22, 2024)
Most renter-friendly cities in the United States as of June 2011 [Graph], Urban Land Institute, August 9, 2011. [Online]. Available: https://www.statista.com/statistics/206103/the-most-renter-friendly-cities-in-the-united-states/
