South and Midwest Rank Highest for Rental Affordability

A Realtor.com report highlights the top 10 rental markets for availability, affordability, and economic growth, with cities in the Midwest and South leading. Austin, Texas, ranks highest due to its high rental vacancy rate and affordable rent-to-income ratio. The top markets offer good job opportunities, short commutes, and flexible lease terms. Rental markets in the West, like Denver, lead in their region. The top markets have an average rental vacancy rate of 8.8% and an average commute time of 25 minutes, providing renters with more options and economic opportunities.