Money / Financial Planning
10 min Read
Written by Jordan Rosenfeld
Edited by Gary Dudak
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 YearsHelping You Live Richer
Reviewed by Experts
Trusted by Millions of Readers
When it comes to monthly expenses, rent often takes the most significant bite out of your paycheck. That’s even more true in the past few years. Rents increased by a shocking 30.4% in the U.S. between 2019 and 2023, according to a May analysis by Zillow and StreetEasy, yet wages in that same time period only increased by 20.2%.
This disparity is leaving people in a tough spot to afford their rent. However, it’s not that way in every city in the nation. In some places you can still afford your rent and your other monthly expenses without being in a tough spot.
To find 100 cheap places to live where your rent is under $2,000, GOBankingRates analyzed rent prices for cities across America and found all of them with an average rent cost under $2,000 a month during April 2024 as sourced from Zillow Observed Rental Index. Most of these cities are in the Midwest and the South, with a sprinkling of those on the East and West Coasts.
Here are 100 cheap places to live where you can find rent for less than $2,000.
Urbandale, Iowa
- Average monthly rent: $1,395.65
- Monthly expenditures: $1,834.77
- Annual cost of living: $38,765.15
Worthington, Ohio
- Average monthly rent: $1,617.50
- Monthly expenditures: $1,932.45
- Annual cost of living: $42,599.37
Elon, North Carolina
- Average monthly rent: $600.00
- Monthly expenditures: $1,818.01
- Annual cost of living: $29,016.17
Pictured: Raleigh
New Albany, Ohio
- Average monthly rent: $1,671.86
- Monthly expenditures: $1,930.77
- Annual cost of living: $43,231.55
Wausau, Wisconsin
- Average monthly rent: $888.35
- Monthly expenditures: $1,809.07
- Annual cost of living: $32,369.00
Whitefish Bay, Wisconsin
- Average monthly rent: $1,850.00
- Monthly expenditures: $1,972.69
- Annual cost of living: $45,872.32
Shorewood, Wisconsin
- Average monthly rent: $1,165.26
- Monthly expenditures: $2,006.57
- Annual cost of living: $38,061.96
Brandon, South Dakota
- Average monthly rent: $1,270.67
- Monthly expenditures: $1,880.57
- Annual cost of living: $37,814.83
Camp Hill, Pennsylvania
- Average monthly rent: $1,442.89
- Monthly expenditures: $2,004.06
- Annual cost of living: $41,363.36
Pictured: Slatington
Bowling Green, Massachusetts
- Average monthly rent: $850.00
- Monthly expenditures: $1,780.00
- Annual cost of living: $31,560.06
Fort Thomas, Kentucky
- Average monthly rent: $1,448.33
- Monthly expenditures: $1,952.55
- Annual cost of living: $40,810.62
Solon, Ohio
- Average monthly rent: $1,890.00
- Monthly expenditures: $1,860.43
- Annual cost of living: $45,005.11
Pictured: Cleveland
Parkville, Missouri
- Average monthly rent: $1,544.56
- Monthly expenditures: $1,980.19
- Annual cost of living: $42,296.95
Pictured: St. Louis
Savoy, Illinois
- Average monthly rent: $1,143.33
- Monthly expenditures: $1,932.48
- Annual cost of living: $36,909.80
Pictured: Chicago
Stevens Point, Wisconsin
- Average monthly rent: $827.00
- Monthly expenditures: $1,769.48
- Annual cost of living: $31,157.75
Hilliard, Ohio
- Average monthly rent: $1,555.73
- Monthly expenditures: $1,925.46
- Annual cost of living: $41,774.29
Coralville, Iowa
- Average monthly rent: $1,089.25
- Monthly expenditures: $1,835.50
- Annual cost of living: $35,097.10
Austin, Minnesota
- Average monthly rent: $796.25
- Monthly expenditures: $1,679.47
- Annual cost of living: $29,708.66
Pictured: St. Paul
Shaker Heights, Ohio
- Average monthly rent: $1,609.66
- Monthly expenditures: $2,051.50
- Annual cost of living: $43,933.94
Pictured: Toledo
Northville, Michigan
- Average monthly rent: $1,609.66
- Monthly expenditures: $2,051.50
- Annual cost of living: $43,933.94
Pictured: Port Huron
Jefferson City, Missouri
- Average monthly rent: $800.00
- Monthly expenditures: $1,905.08
- Annual cost of living: $32,460.95
Manitowoc, Wisconsin
- Average monthly rent: $908.50
- Monthly expenditures: $1,669.75
- Annual cost of living: $30,939.01
Powell, Ohio
- Average monthly rent: $1,841.33
- Monthly expenditures: $1,982.83
- Annual cost of living: $45,889.92
Cary, North Carolina
- Average monthly rent: $1,787.60
- Monthly expenditures: $2,048.62
- Annual cost of living: $46,034.75
Pictured: Hickory
Neenah, Wisconsin
- Average monthly rent: $1,222.58
- Monthly expenditures: $1,802.72
- Annual cost of living: $36,303.63
Pictured: Madison
Ankeny, Iowa
- Average monthly rent: $1,580.53
- Monthly expenditures: $2,081.46
- Annual cost of living: $43,943.83
Maplewood, Missouri
- Average monthly rent: $1,031.53
- Monthly expenditures: $1,899.10
- Annual cost of living: $35,167.59
Pictured: Kansas City
Perrysburg, Ohio
- Average monthly rent: $1,726.04
- Monthly expenditures: $1,817.34
- Annual cost of living: $42,520.59
Edwardsville, Illinois
- Average monthly rent: $1,473.33
- Monthly expenditures: $1,941.90
- Annual cost of living: $40,982.79
North Liberty, Iowa
- Average monthly rent: $1,343.28
- Monthly expenditures: $1,904.08
- Annual cost of living: $38,968.37
Pictured: Hunting
Dublin, Ohio
- Average monthly rent: $1,701.76
- Monthly expenditures: $1,939.91
- Annual cost of living: $43,700.03
Liberty Lake, Washington
- Average monthly rent: $1,691.29
- Monthly expenditures: $1,828.75
- Annual cost of living: $42,240.47
Make your money work for you
Get the latest news on investing, money, and more with our free newsletter.
By subscribing, you agree to our Terms of Use and Privacy Policy. Unsubscribe at any time.
Thanks!
You’re now subscribed to our newsletter. Check your inbox for more details.
Clawson, Michigan
- Average monthly rent: $1,525.00
- Monthly expenditures: $1,966.84
- Annual cost of living: $41,902.09
Pictured: Detroit
Rogers, Arkansas
- Average monthly rent: $1,388.82
- Monthly expenditures: $1,873.06
- Annual cost of living: $39,142.59
Pictured: Bentonville
Beavercreek, Ohio
- Average monthly rent: $1,707.80
- Monthly expenditures: $1,857.24
- Annual cost of living: $42,780.52
Fairview Park, Ohio
- Average monthly rent: $1,209.00
- Monthly expenditures: $1,840.82
- Annual cost of living: $36,597.86
Pictured: Hilliard
Champlin, Minnesota
- Average monthly rent: $1,740.88
- Monthly expenditures: $1,988.34
- Annual cost of living: $44,750.62
Shawnee, Kansas
- Average monthly rent: $1,365.76
- Monthly expenditures: $2,167.28
- Annual cost of living: $42,396.47
Pictured: Lenexa
Beaver, Pennsylvania
- Average monthly rent: $1,136.25
- Monthly expenditures: $2,018.89
- Annual cost of living: $37,861.68
Farmington Hills, Michigan
- Average monthly rent: $1,162.45
- Monthly expenditures: $2,059.05
- Annual cost of living: $38,658.05
Johnston, Iowa
- Average monthly rent: $1,327.62
- Monthly expenditures: $1,858.07
- Annual cost of living: $38,228.36
Millvale, Pennsylvania
- Average monthly rent: $885.00
- Monthly expenditures: $1,995.82
- Annual cost of living: $34,569.86
Pictured: Philadelphia
Clayton, Missouri
- Average monthly rent: $1,733.04
- Monthly expenditures: $1,923.66
- Annual cost of living: $43,880.44
Pictured: Columbia
Goshen, Indiana
- Average monthly rent: $899.38
- Monthly expenditures: $1,759.72
- Annual cost of living: $31,909.20
Bettendorf, Iowa
- Average monthly rent: $1,090.09
- Monthly expenditures: $2,043.52
- Annual cost of living: $37,603.27
Fort Mitchell, Kentucky
- Average monthly rent: $1,200.00
- Monthly expenditures: $1,970.25
- Annual cost of living: $38,043.04
Pictured: Frankfort
Sixteen Mile Stand, Ohio
- Average monthly rent: $1,577.44
- Monthly expenditures: $1,998.82
- Annual cost of living: $42,915.18
Pictured: Cleveland
Apex, North Carolina
- Average monthly rent: $1,928.76
- Monthly expenditures: $1,937.49
- Annual cost of living: $46,395.04
Idaho Falls, Idaho
- Average monthly rent: $1,182.41
- Monthly expenditures: $1,902.61
- Annual cost of living: $37,020.25
Newton, Iowa
- Average monthly rent: $675.00
- Monthly expenditures: $1,834.66
- Annual cost of living: $30,115.97
Pictured: Des Moines
Richmond, Indiana
- Average monthly rent: $942.22
- Monthly expenditures: $1,675.65
- Annual cost of living: $31,414.47
Pictured: Indianapolis
Plymouth, Michigan
- Average monthly rent: $1,253.83
- Monthly expenditures: $2,215.19
- Annual cost of living: $41,628.24
Pictured: Barton Hills
Strongsville, Ohio
- Average monthly rent: $1,667.50
- Monthly expenditures: $1,876.00
- Annual cost of living: $42,521.96
Pictured: Cleveland
Ames, Iowa
- Average monthly rent: $1,070.00
- Monthly expenditures: $2,159.96
- Annual cost of living: $38,759.50
Boone, Iowa
- Average monthly rent: $800.00
- Monthly expenditures: $1,852.95
- Annual cost of living: $31,835.37
Zionsville, Iowa
- Average monthly rent: $1,759.80
- Monthly expenditures: $1,971.43
- Annual cost of living: $44,774.72
Hoover, Alabama
- Average monthly rent: $1,361.26
- Monthly expenditures: $2,018.13
- Annual cost of living: $40,552.72
Pictured: Birmingham
Sioux Falls, North Dakota
- Average monthly rent: $1,174.04
- Monthly expenditures: $1,961.84
- Annual cost of living: $37,630.57
South Euclid, Ohio
- Average monthly rent: $1,469.61
- Monthly expenditures: $1,810.32
- Annual cost of living: $39,359.23
Pictured: Boomtown
Keller, Texas
- Average monthly rent: $1,963.78
- Monthly expenditures: $2,135.25
- Annual cost of living: $49,188.39
Berkley, Michigan
- Average monthly rent: $1,857.50
- Monthly expenditures: $2,001.61
- Annual cost of living: $46,309.31
Pictured: Ann Arbor
Marion, Iowa
- Average monthly rent: $1,040.52
- Monthly expenditures: $2,082.37
- Annual cost of living: $37,474.71
University Heights, Ohio
- Average monthly rent: $1,960.00
- Monthly expenditures: $1,812.85
- Annual cost of living: $45,274.16
Waukee, Iowa
- Average monthly rent: $1,642.72
- Monthly expenditures: $1,876.46
- Annual cost of living: $42,230.10
Pictured: Feliz
Washington, Pennsylvania
- Average monthly rent: $967.64
- Monthly expenditures: $1,903.36
- Annual cost of living: $34,452.02
Pictured: Camden
Tea, South Dakota
- Average monthly rent: $1,068.33
- Monthly expenditures: $1,890.00
- Annual cost of living: $35,499.98
Pictured: Deadwood
Wyncote, Pennsylvania
- Average monthly rent: $1,780.69
- Monthly expenditures: $2,121.42
- Annual cost of living: $46,825.37
Pictured: Johnston
Shakopee, Minnesota
- Average monthly rent: $1,807.01
- Monthly expenditures: $1,927.74
- Annual cost of living: $44,817.02
Pictured: Minneapolis
Lakewood, Ohio
- Average monthly rent: $1,330.36
- Monthly expenditures: $1,841.55
- Annual cost of living: $38,062.94
Fargo, North Dakota
- Average monthly rent:$1,050.06
- Monthly expenditures: $1,991.99
- Annual cost of living: $36,504.59
Dubuque, Iowa
- Average monthly rent: $1,101.42
- Monthly expenditures: $2,075.15
- Annual cost of living: $38,118.83
Mauldin, South Carolina
- Average monthly rent: $1,380.17
- Monthly expenditures: $1,840.69
- Annual cost of living: $38,650.30
Pictured: Myrtle Beach
Fort Dodge, Iowa
- Average monthly rent: $689.44
- Monthly expenditures: $1,818.70
- Annual cost of living: $30,097.71
Vestavia Hills, Alabama
- Average monthly rent: $1,698.52
- Monthly expenditures: $2,033.52
- Annual cost of living: $44,784.56
Lynchburg, Virginia
- Average monthly rent: $1,242.79
- Monthly expenditures: $2,051.91
- Annual cost of living: $39,536.43
Roscoe, Illinois
- Average monthly rent: $1,466.67
- Monthly expenditures: $1,939.35
- Annual cost of living: $40,872.18
Pictured: Galena
Carmel, Indiana
- Average monthly rent: $1,862.86
- Monthly expenditures: $1,942.29
- Annual cost of living: $45,661.78
Pictured: Terre Haute
Cleveland Heights, Ohio
- Average monthly rent: $1,488.11
- Monthly expenditures: $1,817.99
- Annual cost of living: $39,673.23
Pictured: Toledo
Richmond Heights, Missouri
- Average monthly rent: $1,466.11
- Monthly expenditures: $1,902.42
- Annual cost of living: $40,422.42
Pictured: St. Louis
Winona, Massachusetts
- Average monthly rent: $1,042.72
- Monthly expenditures: $1,695.40
- Annual cost of living: $32,857.43
Pictured: Arlington
Decatur, Georgia
- Average monthly rent: $1,827.81
- Monthly expenditures: $2,150.10
- Annual cost of living: $47,734.88
Pocatello, Idaho
- Average monthly rent: $1,074.06
- Monthly expenditures: $1,901.69
- Annual cost of living: $35,709.04
Carnegie, Pennsylvania
- Average monthly rent: $991.88
- Monthly expenditures: $2,004.46
- Annual cost of living: $35,956.03
Holland, Michigan
- Average monthly rent: $1,301.78
- Monthly expenditures: $1,788.70
- Annual cost of living: $37,085.72
Pictured: Detroit
West Des Moines, Iowa
- Average monthly rent: $1,309.65
- Monthly expenditures: $2,036.30
- Annual cost of living: $40,151.34
Bellevue, Kentucky
- Average monthly rent: $1,546.67
- Monthly expenditures: $1,957.67
- Annual cost of living: $42,052.09
Pictured: Frankfurt
Richfield, Minnesota
- Average monthly rent: $1,349.44
- Monthly expenditures: $1,941.51
- Annual cost of living: $39,491.35
Eden Prairie, Minnesota
- Average monthly rent: $1,701.12
- Monthly expenditures: $2,159.93
- Annual cost of living: $46,332.59
Fort Wayne, Indiana
- Average monthly rent: $1,174.12
- Monthly expenditures: $1,867.93
- Annual cost of living: $36,504.67
Twinsburg, Ohio
- Average monthly rent: $1,357.67
- Monthly expenditures: $1,833.30
- Annual cost of living: $38,291.62
Pictured: Columbus
Leawood, Kansas
- Average monthly rent: $1,730.83
- Monthly expenditures: $2,190.19
- Annual cost of living: $47,052.31
Waterloo, Iowa
- Average monthly rent: $834.79
- Monthly expenditures: $1,970.88
- Annual cost of living: $33,668.02
Rochester, Minnesota
- Average monthly rent: $1,589.37
- Monthly expenditures: $2,144.35
- Annual cost of living: $44,804.66
Perry Hall, Maryland
- Average monthly rent: $1,571.67
- Monthly expenditures: $2,097.47
- Annual cost of living: $44,029.66
Pictured: Baltimore
Mount Pleasant, Michigan
- Average monthly rent: $1,004.17
- Monthly expenditures: $1,763.97
- Annual cost of living: $33,217.66
Pictured: Detroit
Orem, Utah
- Average monthly rent: $1,502.20
- Monthly expenditures: $2,022.48
- Annual cost of living: $42,296.14
Pictured: Provo
North Wales, Pennsylvania
- Average monthly rent: $1,639.13
- Monthly expenditures: $2,068.33
- Annual cost of living: $44,489.52
Pictured: Lewisburg
Springboro, Ohio
- Average monthly rent: $1,671.25
- Monthly expenditures: $1,892.56
- Annual cost of living: $42,765.76
Pictured: Youngstown
Findlay, Ohio
- Average monthly rent: $1,211.44
- Monthly expenditures: $1,679.24
- Annual cost of living: $34,688.18
Lake Jackson, Texas
- Average monthly rent: $1,378.42
- Monthly expenditures: $1,816.09
- Annual cost of living: $38,334.20
Pictured: Georgetown
Methodology: For this study, GOBankingRates analyzed rent prices for cities across the United States to find cheap places with a rent less than $2,000. First, GOBankingRates found all the cities with an average rent cost under $2,000 a month during April 2024 as sourced from Zillow Observed Rental Index. For each city the cost-of-living indexes were sourced from Sperlings BestPlaces and used with the national average expenditure costs for all residents as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey, to find the average expenditure cost for each city. The total cost of living can be calculated by using the average expenditure cost and the average rent cost. The livability index was sourced from AreaVibes for each city to distinguish between the quality of life of the different cities. The household median income was scored and weighted at 1.00, the livability index was scored and weighted at 1.00, and the total cost of living was scored and weighted at 1.00. All three scores were summed and sorted to show the cheap places to live with rent less than $2,000. All data was collected on and is up-to-date as-of May 30th, 2024.
More From GOBankingRates
- I'm a Real Estate Agent: These 5 Florida Cities Are Becoming Unaffordable
- These 10 Used Cars Will Last Longer Than an Average New Vehicle
- 6 Things to Try This Week if You're Behind on Your Savings Goals
- 4 Reasons Retired Women Need More Money Than Men -- And What To Do About it