Miami Ranks Lowest for Affordable Rent Among U.S. Cities, WalletHub Report Shows

U.S. cities for rent affordability according to a WalletHub report released on April 15. The report compared median annual gross rent with median household income across these cities to determine affordability.

Petersburg at 153rd and Fort Lauderdale at 155th. Pembroke Pines and Orlando were also among the bottom ten, ranking 174th and 175th respectively.

Miami was ranked 182nd with a total score of 0. The report noted that in the most affordable cities, median rent accounts for about 15% of median income, whereas in the least affordable cities, rent can consume nearly 34% of income. 3% of median income.

8% of their income on rent, more than double that figure. The top five cities with the most affordable rent are Bismarck, North Dakota; Sioux Falls, South Dakota; Cedar Rapids, Iowa; Charleston, West Virginia; and Fargo, North Dakota. U.S.

cities, which may affect residents' financial flexibility and savings potential.