The vibrant heart of North Texas, Dallas has a diverse culture, iconic landmarks and Southern hospitality, all making it a great place to live. But did you know it also features affordable suburbs?
If you’re considering moving to Dallas, you may be wondering how much rent costs in Dallas. The average monthly rent is $1,477 for a studio, $1,371 for a one-bedroom unit and $1,862 for a two-bedroom unit. Depending on your budget, these prices may not align with your renting priorities.
So, if you’re searching for a more budget-friendly area without compromising access to Dallas, you’re in the right place. In this article, we’ll explore five of the most affordable Dallas suburbs. That way, you can enjoy Dallas’ sights and amenities without the price tag.
Average rent for a one-bedroom: $1,045
Average rent for a two-bedroom: $1,450
Distance from Dallas: 14 miles
Apartments for rent in Duncanville
Claiming the first place on our list of affordable Dallas suburbs is Duncanville. On average, you’ll save about $400 on rent for a one-bedroom apartment. Nicknamed the City of Champions, this area is located approximately 14 miles southwest of Dallas, so you’re not too far from the city center.
In Duncanville, you can experience the charm of the historic downtown district, filled with quaint shops, delicious dining options and cultural events. The city also offers recreational opportunities at Armstrong Park, where you can enjoy picnicking and walking trails, making it a great destination for outdoor enthusiasts.
Average rent for a studio: $1,039
Average rent for a one-bedroom: $1,215
Average rent for a two-bedroom: $1,430
Distance from Dallas: 15 miles
Apartments for rent in Mesquite
The second suburb on our list is Mesquite, just 15 miles east of Dallas. The area is home to about 147,700 residents, and the average rents are much less than in Dallas. If you plan to rent a two-bedroom unit, the monthly cost is approximately $1,430.
Mesquite has plenty of awesome attractions, including the Mesquite Championship Rodeo, where you can experience the excitement of live rodeo events, making it an easy pick for our top affordable Dallas suburbs. Additionally, the city offers the Mesquite Arts Center, featuring art exhibitions, performances and cultural events throughout the year.
Average rent for a studio: $1,560
Average rent for a one-bedroom: $1,314
Average rent for a two-bedroom: $1,664
Distance from Dallas: 13 miles
Apartments for rent in Irving
For those on the hunt for budget-friendly suburban living near Dallas, Irving takes third place. In addition to more affordable prices, Irving is just 13 miles west of downtown Dallas.
You can explore the Irving Arts Center, which hosts art exhibitions, performances and events in Irving. The city is also home to the Mandalay Canal Walk, a picturesque area with winding waterways, gondola rides and a variety of dining options, offering a one-of-a-kind setting.
Average rent for a studio: $1,491
Average rent for a one-bedroom: $1,330
Average rent for a two-bedroom: $1,625
Distance from Dallas: 14 miles
Apartments for rent in Grand Prairie
Grand Prairie, which is around 14 miles to the west, offers an affordable suburban alternative. In Grand Prairie, you can check out Lynn Creek Park at Joe Pool Lake, with opportunities for boating, swimming and hiking amidst the picturesque lakeside surroundings. The city is also home to the Texas Trust CU Theatre, a popular venue for concerts, comedy shows and other live entertainment.
Average rent for a studio: $1,053
Average rent for a one-bedroom: $1,379
Average rent for a two-bedroom: $1,747
Distance from Dallas: 15 miles
Apartments for rent in Garland
Just 15 miles from downtown is Garland, the final of the affordable Dallas suburbs to make our list. Home to 242,000 residents, Garland can be a great option for renters looking for a less busy city — and affordable rental prices. While the rent for a one-bedroom unit may be slightly higher in Dallas, a two-bedroom unit costs just over $100 less in Garland.
Living in Garland, you can explore the beautiful Spring Creek Forest Preserve, which offers hiking trails, wildlife viewing and a serene escape into nature. The city also features the Granville Arts Center, a cultural hub with theaters and art galleries that host a variety of performances and exhibitions. If you’re looking to take the leap from renter to buyer, make sure to also check out the most affordable Dallas suburbs to buy a home.
Is Dallas for you?
In a city as vibrant and diverse as Dallas, discovering the best bang for your buck is like finding hidden treasures in a sprawling urban jungle. Navigating through the maze of neighborhoods, we’ve unearthed the gems that not only won’t break the bank but might just leave you with some extra cash for those irresistible Tex-Mex dinners.
So, as you embark on your quest for the perfect pad, rest assured that the cheapest places in Dallas aren’t just affordable – they’re the keys to unlocking a city full of opportunities and adventures. Your wallet will thank you, and so will your sense of wanderlust. Cheers to finding your piece of budget-friendly paradise in a Dallas apartment in the heart of the Lone Star State!
Methodology
Affordability in our study of affordable Dallas suburbs is based on whether a suburb’s one and two-bedroom rent was less than Dallas and under 15 miles from downtown Dallas. Average rental data from Dallas rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
Looking for a real estate side hustle? Whether you are looking for passive income ideas or if you are looking for a part-time job (or more!), there are many different real estate side hustles. I have done a few different real estate side gigs, and I know many people who have side hustles in this…
Looking for a real estate side hustle?
Whether you are looking for passive income ideas or if you are looking for a part-time job (or more!), there are many different real estate side hustles.
I have done a few different real estate side gigs, and I know many people who have side hustles in this area as well. To get started in real estate, you don’t have to spend a lot of money – there are several real estate side gigs that can be started even if you are brand new or are on a budget.
Key Takeaways
Real estate side hustles have a range of options from income generating assets to freelance opportunities to office jobs.
You can supplement your income with both short-term and long-term real estate strategies.
Finding the right fit depends on your availability, investment capacity, and financial goals.
Best Real Estate Side Hustles
Here’s a quick summary of some of the different best real estate side hustles:
House hacking: Buy a property, live in one unit, and rent out the rest.
REIT investing: An easy way to start investing in real estate with less capital.
Airbnb rentals: Rent out a spare room or an entire property on a short-term basis.
Property management: If you’re organized and good with people, managing properties for others could be a perfect fit.
Long-term rentals: Becoming a landlord can generate steady cash flow.
Fix and flip: Buy properties that need work, renovate them, and sell them for a profit.
Below, you will read the full list and learn more about each one.
1. House flipping
Flipping houses can be a good real estate side hustle if you like real estate and enjoy fixing things up.
When you flip houses, you’re basically buying homes, making them better with repairs and upgrades, and then selling them to make more money.
The first thing to do for a successful house flip is to find a property that can be made better, such as by looking for homes in neighborhoods that are getting better or have room to grow. Think about things like where it is, what the market is like, and the condition of the property.
Before putting money into anything, it’s important to carefully look at the finances. You’ll want to figure out how much it will cost to buy, fix, and keep the property, and think about things like the cost of materials, paying workers, getting a loan, and the costs while you’re fixing things.
To flip a house well, you need to make smart changes that make the property better, without spending too much, by concentrating on important areas like the kitchen and bathrooms, and fixing any big problems with the structure or safety.
Recommended reading: 10 Best Books on Flipping Houses To Make Money
2. Investing in REITs
Real Estate Investment Trusts (REITs) are companies that own, operate, or finance income-generating real estate. They are a way for you to invest in real estate without directly managing or owning properties.
An REIT is like a company that owns and takes care of real estate that makes money. They sell shares of this company to people, kind of like how stocks work.
When you invest in REITs, you can earn money from the real estate world without actually owning any property. So, if you don’t want to deal with being a landlord, this could be a good option. It’s way less work than owning property and handling it yourself.
You can even spread out your money and invest in different kinds of properties with REITs, like houses, offices, factories, and stores.
3. Getting a roommate
Getting a roommate in your home, whether that be a full-time roommate or renting out an extra room in your home short-term on Airbnb, can be a great real estate side hustle that doesn’t require very much work from you.
The earnings you can make from having a roommate depend on things like:
Where your home is (an expensive area? rural?)
The space you are renting to a roommate (for example, do they get their own bathroom? private entrance available?)
To find a roommate, you can share about it on your own Facebook page, put up an ad on sites like Craigslist, or make a rental listing on Airbnb. There are lots of places where you can let people know you’re looking for a roommate.
I have had many roommates in the past when I was younger and had a home with spare bedrooms. I would rent them out to long-term renters and people that we personally knew (such as friends and my sister).
Recommended reading: Tips For Renting A Room In Your House.
4. Airbnbs and vacation rentals
Turning your property into an Airbnb or other short-term rental can be a way to generate extra income. This is when you rent out your space, whether a full house, an apartment, or just a room, to travelers for short stays.
Before starting your Airbnb side hustle, be sure to:
Check local laws: Make sure short-term rentals are permitted in your area. There are many areas nowadays that are more strict when it comes to short-term rentals.
Understand the financials: Calculate potential earnings against expenses like mortgage, utilities, and maintenance.
Set up your space: Furnish and decorate to create a welcoming environment.
Market your rental: Use high-quality photos and create listings on rental platforms like Airbnb and Vrbo.
The amount you can earn can vary, with some hosts making around $5,000 to $10,000 a month or more, but this depends on factors such as location, rental type, and occupancy rates. Always plan for occupancy ebbs and flows – it’s part of the short-term rental business.
5. Real estate photography
If you’ve ever looked at a house listing and thought that the pictures looked awful, then this may be the real estate side hustle for you.
Real estate agents many times hire out for the photography side of selling a house, as they know and understand how important good pictures are.
Real estate photography is all about taking pictures of houses and spaces to grab the attention of people who might want to buy them. Real estate photographers might take pictures of the outside of a house, the backyard, the living room, attic, bathroom, and more.
You can start with the equipment you likely already have, like your smartphone, which can work well because phones these days have great cameras.
How you show a property can really impact a client’s chance of selling it. Your photos are not just pictures; they’re an important part of how the property gets advertised.
As you continue with this real estate side hustle, you might think about getting better equipment (like a real camera!), but for now, practice paying attention to details and getting better at taking pictures.
If you’re thinking about doing something extra to earn money in real estate, photography could be a great choice.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
6. Real estate drone photography
Drone pilots sell real estate photography services to help real estate agents showcase the properties they are selling.
When property listings include pictures from various angles and heights, it gives a different perspective compared to regular photos. This helps show aspects of real estate that traditional pictures might miss.
When you sell property photography services using your drone, you’re providing a valuable service to real estate companies that want to stand out in a crowded housing market.
Homes are increasingly being sold using drone photos, and it’s understandable because they can showcase the surroundings of a home. Also, potential home buyers can see the entire property and house through a drone picture, giving them a better understanding of what the home includes.
Recommended reading: How To Make Money With A Drone
7. Long-term rentals
A long-term rental is when you rent out a property for a long amount of time, usually six months to a year or even longer. An example would be renting out an apartment or house to a family to live in full-time.
Long-term rentals are different from short-term rentals like vacation homes or Airbnb listings. They are meant for people or families looking for a longer place to live.
A benefit of long-term rentals is the reliable and steady income they can give you. When you rent your property to tenants for an extended period, you set up a regular cash flow of rental payments. This stability can be especially nice for people who are looking for a dependable source of passive income.
Plus, it’s usually less work than a short-term rental, because you don’t have to clean the home every few days or find new people to rent out to.
Recommended reading: How This 34 Year Old Owns 7 Rental Homes
8. Buy and hold for long-term wealth
If you want to grow wealth through real estate, the buy-and-hold strategy is a way to achieve lasting growth. This means buying a property and keeping it for an extended period, benefiting from both its increasing value over time and the rental income it makes you over the years.
Some positives to think about with a buy-and-hold real estate side hustle include:
Appreciation: Over time, real estate often increases in value.
Rental income: It can provide a steady cash flow each month.
Tax advantages: Possible deductions can reduce your taxable income.
The buy-and-hold strategy requires patience and a willingness to handle market changes. It’s a long-term approach, not a quick one, but if you stay persistent, you can create an investment portfolio for future financial stability.
9. Notary services for real estate
If you want to get more into the real estate world without becoming an agent or broker, becoming a notary public can be a way to make extra money.
Many documents, including deeds, mortgages, and power of attorney, require notarization to be legally binding.
With a notarization license, you can provide an important service required for different real estate transactions.
Notaries are important because they help make sure that the people signing documents are who they claim to be to prevent fraud.
10. Rental arbitrage
Rental arbitrage is a way to make extra money in real estate without owning a property. You rent a place for a long time and then sublease it as a short-term rental using platforms like Airbnb.
Here’s how to get started:
Check local laws: You’ll want to make sure your city or state allows for short-term rentals.
Make sure the rental allows for you to do this: Not every rental will be okay with you renting it out. You will want to read your rental contract carefully.
Do market research: Understand the demand for short-term rentals in your target area, such as by looking for locations with high tourist traffic or business conferences.
Potential Benefits
Considerations
+ Strong cash flow potential
– Initial setup and furnishing cost
+ Low startup costs compared to buying
– Dependence on short-term rental market stability
Making money in rental arbitrage comes from the difference between the cost of the long-term lease and the income from short-term rentals. The bigger the gap, the more potential for profit. But remember to factor in the expenses of running the rentals, like cleaning and maintenance costs.
11. House hacking
House hacking is a strategic approach to real estate where you purchase a property with multiple units and live in one unit while renting out the others. This is a side hustle because it can help offset your living expenses through the rental income.
House hacking can be an easy starting point if you want to dip your toes into real estate investing with the added perk of reducing your personal living expenses.
Back when we were living in a traditional house, we house hacked for a little while and had a few different roommates live with us. The monthly rent we collected allowed us to lower our house payments and put more money in savings.
We house hacked with our first house, and it was really great for us. Being able to set more money aside even helped me get ready to quit my job to become a full-time blogger.
If you are looking for a good book on the subject of house hacking, then I recommend reading The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom by Craig Curelop.
Recommended reading: What Is House Hacking & How To Live For Free
12. Real estate agent
A real estate agent is a person who helps people, like you and me, find real estate to buy or sell. They usually earn their income through a commission, which is a percentage of the property’s sale price.
To become a real estate agent and start this real estate career, you only need a high school diploma and a professional license. As of 2021, the median pay, according to the U.S. Bureau of Labor Statistics, is $23.45 per hour, or $48,770 per year.
And, there are tons of real estate agents who make a lot more money than this.
13. Crowdfunding and peer-to-peer lending
If you want to learn how to make extra money in real estate, then crowdfunding and peer-to-peer lending are areas to look into.
Crowdfunding platforms allow you to invest in real estate deals with a smaller amount of money compared to purchasing property outright. This can provide you with passive income through rental returns or potential property value appreciation.
Peer-to-peer lending platforms enable you to lend money directly to borrowers. You can potentially earn higher returns compared to traditional savings accounts, but there is always the risk of a borrower not repaying the loan.
Both crowdfunding and peer-to-peer lending utilize technology to connect investors with individuals seeking funding.
14. Bird dogging
Bird dogging in real estate can be a side hustle where you help find potentially profitable properties for investors. Your skill in spotting undervalued or distressed properties is important.
Here’s what you usually need to do:
Conduct market research to locate properties that are flying under the radar.
Build a network with local real estate investors who are looking for deals.
Learn to use the Multiple Listing Service (MLS) to spot opportunities.
Typically, you’ll be on the lookout for foreclosures, bank-owned properties, and distressed homes due for a quick sale.
As a bird dog, your compensation usually comes from a referral fee after the investor decides to move forward with your find. Importantly, to perform this role, you don’t necessarily need any initial capital, just the time and skill to identify promising investment opportunities.
15. General contractor
General contractors handle the day-to-day activities on construction sites, overseeing tasks from residential remodels to constructing new homes.
This is typically more of a full-time job, but this can sometimes be done as a real estate side hustle.
As a general contractor, you can choose projects that match your schedule and interests, providing flexibility. Despite the responsibilities, this role allows you to play a central role in turning plans into actual buildings, giving you the potential to make extra money.
16. Flip raw land
Getting involved in raw land flipping is when a person finds and buys undeveloped land to sell later at a profit.
The main benefits include a lower initial investment and less complexity compared to traditional real estate investments, as it doesn’t involve renovation or improvements. There are no buildings, instead it may be a lot or acres of land.
Here’s a step-by-step guide on how to start:
Find raw land – Research areas with potential growth or upcoming developments that could boost land value.
Due diligence – Perform thorough checks on land titles, zoning laws, and road access to avoid legal issues.
Pricing strategy – Your selling price should be attractive enough for buyers yet ensure you make a reasonable profit margin.
Sell and negotiate – Use online platforms to reach potential buyers and negotiate the best deal.
17. Rent out your storage space
If you have unused land or space in your home, renting it out for storage space can be an easy way to make passive income.
People have a lot of stuff, and they will pay you to store their stuff in your unused spaces.
You can sell storage solutions for vehicles, boats, personal belongings, and more. You can rent out your parking space, closet, basement, attic storage, and more.
A site where you can list your storage space is called Neighbor and you can earn $100 to $400+ each month. This depends on the demand in your area and the type of storage space you are renting out.
Recommended reading: Neighbor Review: Make Money Renting Your Storage Space
18. Property manager
A property manager side hustle can be a great way to make extra money.
A property manager is a real estate professional who finds and oversees tenants, collects rent, and handles repairs and maintenance activities. It’s a side hustle that property owners pay for because they may not have the time or skills to effectively manage their own property.
Property managers can manage long-term rentals like apartments, short-term rentals like Airbnbs, and even commercial spaces as well.
I have a friend who is a property manager on the side of his full-time construction job – he manages many different types of properties, from second homes to vacation rentals to someone simply being out of town. He checks on their properties to make sure that everything is running smoothly.
19. Home stager
If you’re passionate about real estate and design, starting a side hustle as a home stager could be profitable for you. As a home stager, your job is to improve the appearance of a home before it’s listed for sale.
This often results in faster sales and higher prices, making your service valuable to sellers.
You can start by staging homes for friends or family, if possible, to build a portfolio. Before and after photos are powerful tools to showcase your work.
You can even provide consultations to homeowners who prefer to do the actual staging themselves. In such cases, your design style can be a more budget-friendly option for a do-it-yourself homeowner.
20. Home inspector
We recently bought a house, and our home inspector was actually a home inspector on the side – this was his real estate side hustle! I think he was a city inspector (or something similar) full-time, so he was very knowledgeable in the area.
Home inspection as a side job can be a strategic move if you’re interested in real estate. This job allows for flexibility since you can set your hours, such as by completing home inspections on the weekends or before or after your day job.
You’ll need to invest in proper training and get licensed, which is a process that can be completed relatively quickly.
The responsibilities of a home inspector include:
Inspecting homes for possible problems, like a leak or bad wiring.
Creating and delivering reports based on what you find during the inspection.
21. Real estate appraiser
Real estate appraisers determine the fair market value of a property, and this process is important in transactions, such as home sales and refinances.
Appraisers assess property values by taking notes on unique characteristics and comparing them with similar properties that have sold recently.
They then prepare reports, detailing findings and providing a valuation that banks and other institutions depend on for loans.
22. Real estate wholesaler
Real estate wholesalers are middlemen who find properties under market value, contract them with the seller, and then sell the contract to a buyer, often an investor. Their profit comes from the difference between the contracted price with the seller and the amount the buyer pays.
Here is a quick summary of what a wholesale real estate side hustle is:
Find a distressed property – Search for properties that can be bought below market value.
Evaluate the property – Determine the After Repair Value (ARV) and estimate repair costs.
Secure under contract – Enter into a contract with the seller, giving you the right to purchase.
Find a buyer – Locate an investor interested in buying the contract.
Assign the contract – Transfer your purchasing rights to the investor for a fee.
By becoming skilled at finding good deals and building connections with trustworthy investors, real estate wholesaling can become a profitable real estate side hustle.
23. Start a real estate blog
Starting a real estate blog (or even a real estate YouTube channel or social media account!) can be a good way to make extra money without having to spend a lot of money.
With a real estate blog, you can write about local market insights, home buying and home selling tips, property investment strategies, home improvement and DIY projects, and more.
I have been a blogger for years, and I really love it. I am able to create my own schedule, decide how I make money online, travel whenever I want, and more. And, it all started on the side of my day job – so I definitely think that a real estate blog can be started as a side hustle.
Learn more at How To Start A Blog FREE Course.
Frequently Asked Questions
Below are answers to common questions about real estate side hustles.
Can real estate be a side hustle? Is real estate a good side hustle?
Yes, real estate can be a lucrative side hustle. Many people do real estate activities on a part-time basis, which can include short-term rentals, getting a roommate, and more, with lower time commitments.
Is real estate worth it as a side hustle?
Real estate as a side hustle can be worth it if you are looking for more income streams and have an interest in the housing market or real estate. As you probably noticed above, there are many different kinds of side hustles, so the amount of money you can earn or the amount of time you will spend will just depend on the gig you choose.
How can realtors make extra money?
Realtors can make extra money by managing rental properties, taking part in real estate crowdfunding, selling real estate photography services, and more.
Is real estate a good side hustle for teachers?
Yes, real estate can be a good side hustle for teachers. There are many options that may work for a teacher.
For example, some teachers work as real estate agents on the side. This is possible because you can handle listing and selling homes during weekends, breaks, evenings, and over the summer. However, keep in mind that selling homes might pose challenges, as clients may require your full attention during the day, which could clash with your teaching commitments.
You can find more ideas at 36 Best Side Jobs for Teachers To Make Extra Money.
Which licenses might be required to pursue a side hustle in the real estate field?
Depending on the side hustle, certain licenses like a real estate license may be required. For example, to become a real estate agent or home inspector, you’ll need a specific license. However, if you’re looking into just getting a roommate, then you may not need a license. It all just depends on the real estate side gig you are interested in.
How to make money in real estate without ever buying any property?
As you learned above, you don’t need to personally buy or own real estate in order to make money in real estate. You can invest in REITs, become a notary for real estate transactions, include affiliate marketing for real estate products on a blog, and more.
Real Estate Side Hustles – Summary
I hope you enjoyed this article about real estate side hustles.
Picking the right side hustle gig in real estate might feel overwhelming because there are many choices.
Some people might like jobs where you have to do more, like fixing up houses or taking care of Airbnb rentals. Others might prefer making money without doing much, like through REITs or renting out a spare room.
Whatever you’re into or however much money you have to invest, there are probably real estate side business ideas that fit with what you have and what you want to achieve.
What do you think is the best real estate side hustle?
Redfin chief economist Daryl Fairweather predicted a peak in apartment completions by 2024. Despite the cool-off in rent increases, significant drops in asking rents haven’t materialized yet. Landlords are still seeing strong demand fueled by high mortgage rates, and some are enticing renters with one-off concessions like a free month’s rent or reduced parking fees … [Read more…]
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There’s no denying it, the Big Nashty is the place to be.
The Nashville housing market has been a hot topic of discussion in recent years. As the city continues to thrive and attract new residents, buyers and renters need to understand the current state of the housing market and rental market in Nashville.
In this article, we will delve into the key factors shaping the Nashville housing market in 2024, including supply and demand, home prices, rental market dynamics and future projections. Grab your cowboy boots and your trusty six-string because we’re exploring Nashville in all its glory.
Overview of the Nashville housing market
Known to many as Music City, Nashville has experienced significant growth in recent years. With a healthy economy, a legendary music scene and a desirable quality of life, it’s no wonder that people are flocking to this city in search of new opportunities. However, this rapid population growth has put immense pressure on Nashville’s housing and rental market.
Population growth and housing demand
One of the primary drivers of the housing market in Nashville is the city’s population growth. According to the latest data, Nashville has experienced a population increase of over 10% in the past five years. This surge in population has created a high demand for housing, leading to increased competition and rising prices.
Supply constraints and affordability challenges
While the demand for housing in Nashville continues to rise, the supply has struggled to keep pace. This supply-demand imbalance has resulted in skyrocketing home prices and limited housing options for buyers. As a result, affordability has become a significant concern for many residents, especially first-time homebuyers.
Pricing trends in the Nashville housing market
The housing market for homes in Nashville has seen a consistent upward trend in prices over the past few years. This rise in prices can be attributed to a number of factors, including limited inventory, strong demand and other economic conditions. Let’s take a closer look at the pricing trends in different segments of the Nashville housing market.
Single-family homes
Single-family homes have experienced substantial price appreciation in Nashville. The median home price in the city has decreased by 6.1% over the past year, reaching an all-time high of $465,000. This price surge can be attributed to the high demand for single-family homes and the limited inventory availability.
Condominiums and townhouses
The condominium and townhouse market in Nashville has also witnessed significant price growth. With a median price increase of 36.4% in the past year, these properties have become increasingly popular among buyers looking for a more affordable option in the city. However, even with the price appreciation, condos and townhouses still offer a more affordable entry point into the Nashville housing market than single-family homes.
Rental market dynamics in Nashville
In addition to the buying market, the rental market in Nashville is also experiencing its fair share of challenges and opportunities. Let’s explore the key dynamics shaping the rental market in the city.
High demand and low vacancy rates
Similar to the real estate market, the rental market in Nashville is characterized by high demand and low vacancy rates. With an influx of new residents and a limited supply of rental units, competition among renters has intensified. As a result, rental prices have been on the rise, making it increasingly challenging for tenants to find affordable options.
Luxury rentals and amenities
As the demand for rentals continues to grow, developers have been focusing on luxury rental properties with upscale amenities. These high-end rentals cater to professionals and individuals looking for a premium living experience in Nashville. From rooftop pools to fitness centers and concierge services, these luxury rentals offer a wide range of amenities to attract tenants.
Future projections and outlook for the Nashville housing market
Looking ahead, what can we expect for the future of the Nashville housing market? While it’s challenging to make precise predictions, several factors may influence the market in the coming years.
Continued population growth
Nashville’s population is projected to continue growing in the foreseeable future. As more people are drawn to the city’s strong culture and fruitful job market, the demand for housing will likely remain high. This sustained population growth will put further pressure on the housing market, potentially leading to even higher prices and increased competition.
Infrastructure and development
To accommodate the growing population, Nashville has been investing in public infrastructure and large-scale development projects. These initiatives aim to improve transportation, expand housing options and enhance the overall quality of life in the city for all residents.
Find a new place in Nashville
The Nashville housing market is experiencing significant challenges and opportunities in 2024. With a rapidly growing population and limited housing supply, the market is characterized by high demand, rising prices and affordability concerns. Buyers and renters face intense competition, making it crucial to stay informed and prepared. As the city continues to evolve, it will be fascinating to see how the Nashville housing market adapts and thrives in the years to come.
When you’re ready to stake your claim in the Nashville market, you know where to start your search for a Nashville apartment or house.
Chicago, with its vibrant culture and dynamic cityscape, offers a lot, but living in such an urban hub can be costly. Wondering about rental prices in Chicago? On average, studios go for $1,572 per month, one-bedrooms at $1,907 and two-bedrooms at $2,558. If these prices are beyond your budget, don’t worry.
If you’re in search of a more pocket-friendly option that still keeps you within reach of Chicago’s energy, you’re in the right place! We’re thrilled to present to you 10 of the most cost-effective suburbs surrounding Chicago. These areas range from serene, small-town atmospheres to bustling, vibrant communities, offering a diverse array of living experiences. Read on to find your potential new, affordable home in one of these affordable Chicago suburbs.
Average rent for a studio: $1,450
Average rent for a one-bedroom: $950
Average rent for a two-bedroom: $1,400
Distance from Chicago: 17 miles
Apartments for rent in Oak Lawn
Leading our list of affordable ‘burbs in Chicago is Oak Lawn, a suburb boasting affordability and proximity, only 17 miles southwest of Chicago. It offers substantial savings, especially with one-bedroom apartments. Oak Lawn is not just about affordability; it’s a community rich in recreational activities and cultural events. The Oak Lawn Park District hosts numerous community events and sports leagues, while Wolfe Wildlife Park provides nature trails and birdwatching opportunities. The downtown area is a hub of activity with its eclectic mix of local eateries, boutiques and seasonal farmer’s markets, reflecting the suburb’s unique charm.
Average rent for a studio: $890
Average rent for a one-bedroom: $1,005
Average rent for a two-bedroom: $1,195
Distance from Chicago: 45 miles
Apartments for rent in Joliet
Joliet, a suburb with a robust historical background, is our next top pick. About 45 miles southwest of Chicago, it offers rents significantly lower than the city’s. Joliet is not just budget-friendly; it’s rich in history and culture. The Old Joliet Prison, now a museum, offers a unique glimpse into the past, and the Rialto Square Theatre, known for its stunning architecture, presents a range of performances. Joliet also boasts the Harrah’s Joliet Casino for entertainment and a bustling downtown area with an array of dining and shopping options.
Average rent for a studio: $922
Average rent for a one-bedroom: $1,162
Average rent for a two-bedroom: $2,142
Distance from Chicago: 10 miles
Apartments for rent in Oak Park
Just 10 miles west of Chicago, Oak Park combines affordability with cultural richness. This suburb is renowned for its architectural heritage, particularly the Frank Lloyd Wright Home and Studio and the Ernest Hemingway Birthplace Museum. Oak Park’s charm extends to its vibrant arts scene, with galleries and theaters and its commitment to green spaces, as seen in the expansive Oak Park Conservatory. The suburb’s bustling downtown area offers a diverse range of dining, shopping and entertainment options, making it an attractive place for those who appreciate both history and modern conveniences.
Average rent for a studio: $2,022
Average rent for a one-bedroom: $1,375
Average rent for a two-bedroom: $1,450
Distance from Chicago: 15 miles
Apartments for rent in Skokie
Skokie, located 15 miles north of Chicago, is an affordable option that doesn’t skimp on amenities. This suburb is known for its cultural diversity and community-focused events. The Emily Oaks Nature Center offers an oasis for nature enthusiasts, while the Skokie Northshore Sculpture Park showcases impressive outdoor art. Skokie’s vibrant downtown area features a range of shopping and dining options, and its renowned school system makes it a great choice for families.
Average rent for a studio: $1,260
Average rent for a one-bedroom: $1,400
Average rent for a two-bedroom: $1,980
Distance from Chicago: 40 miles
Apartments for rent in Aurora
Aurora, about 40 miles west of Chicago, is known for its lively urban atmosphere combined with more affordable living costs. Home to the Oakhurst Forest Preserve and the historic Paramount Theatre, Aurora offers a range of outdoor and cultural activities. The city’s downtown area is a mix of historic and contemporary, with various shopping, dining and nightlife options. Aurora also hosts several festivals and community events throughout the year, reflecting its vibrant community spirit.
Average rent for a one-bedroom: $1,533
Average rent for a two-bedroom: $1,844
Distance from Chicago: 30 miles
Apartments for rent in Arlington Heights
Arlington Heights, 30 miles from Chicago, offers a blend of suburban tranquility and urban amenities. Its downtown area is a bustling hub with a variety of shops, restaurants and entertainment options. The suburb also features multiple parks and recreational facilities, making it an attractive place for outdoor enthusiasts and families.
Average rent for a studio: $1,433
Average rent for a one-bedroom: $1,573
Average rent for a two-bedroom: $1,900
Distance from from Chicago: 33 miles
Apartments for rent in Schaumburg
Schaumburg, situated 33 miles northwest of Chicago, is a suburban haven balancing a slightly longer commute with affordable living. It’s home to the Spring Valley Nature Center & Heritage Farm and the sprawling Woodfield Mall, one of the largest shopping destinations in the region. Schaumburg also boasts a variety of dining and entertainment options and is known for its well-developed park district and community services.
Average rent for a studio: $1,836
Average rent for a one-bedroom: $1,600
Average rent for a two-bedroom: $1,902
Distance from Chicago: 20 miles
Apartments for rent in Des Plaines
Des Plaines, a suburb known for its affordability and proximity to Chicago, offers a blend of urban and suburban living. The Des Plaines Theatre provides entertainment options, while the downtown area is filled with shops and eateries. Outdoor enthusiasts will enjoy Prairie Lakes Park, offering scenic beauty and recreational activities.
Average rent for a studio: $1,207
Average rent for a one-bedroom: $1,652
Average rent for a two-bedroom: $2,300
Distance from Chicago: 15 miles
Apartments for rent in Evanston
Evanston, just 15 miles from Chicago, offers a relaxed lifestyle with plenty of activities, making it an easy pick among the best affordable Chicago suburbs. Known for the Northwestern University campus, this suburb has a college-town feel with historic architecture and events. The Evanston Art Center and The Lakefill, with its stunning skyline views, are highlights, making Evanston an ideal suburb for those seeking a mix of culture and tranquility.
Average rent for a studio: $2,020
Average rent for a one-bedroom: $1,820
Average rent for a two-bedroom: $2,311
Distance from Chicago: 35 miles
Apartments for rent in Naperville
Naperville, a dynamic suburb 35 miles west of Chicago, is known for its vibrant community and scenic beauty. The Naperville Riverwalk and the Naper Settlement are popular attractions. The city boasts a lively downtown area with shops, restaurants and cultural venues, making it a sought-after location for those who desire a mix of suburban charm and urban amenities.
Discover your ideal home in these affordable Chicago suburbs
These suburbs offer more than just affordability; they are communities rich in culture, history and amenities, providing an enhanced quality of life. From quaint streets to bustling local businesses and peaceful parks, there’s a perfect fit for everyone – families, professionals, and retirees alike. These suburbs don’t just ease your wallet; they enrich your life, fostering close-knit communities where lasting friendships and memories are made. Here, the spirit of Chicago is alive in a more accessible, affordable form, where the true value of a city is reflected in its people and the warmth of the community they create.
Thinking of transitioning from renting to owning? Explore our guide to the most affordable Chicago suburbs for homebuyers.
Methodology: Affordability is based on whether a suburb’s one and two-bedroom rent was less than Chicago and under 45 miles from downtown Chicago. Average rental data from Chicago rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
Atlanta, Georgia’s dynamic capital, is renowned for its unique mix of Southern hospitality, cultural diversity and beloved sports teams. With the city’s growing popularity, you might be curious about the cost of renting in Atlanta. To give you an idea, the average monthly rent in Atlanta is $1,662 for a studio, $1,912 for a one-bedroom apartment and $2,487 for a two-bedroom apartment. However, there’s good news: several affordable suburbs surround Atlanta, offering budget-friendly living options in ‘The Big Peach.’
If you’re an Atlantan looking for an economical yet culturally rich living experience, this guide is for you. We’ve carefully selected 11 affordable suburbs where you can enjoy Atlanta’s vibrant lifestyle without stretching your budget too thin. These affordable Atlanta suburbs provide a blend of Southern charm, delicious cuisine and access to Atlanta’s famous attractions, all at a more affordable price point.
Average rent for a studio: $850
Average rent for a one-bedroom: $1,079
Average rent for a two-bedroom: $1,221
Distance from Atlanta: 17 miles
Apartments for rent in Jonesboro
Jonesboro, a charming suburb with a deep historical essence, offers an affordable living experience just 17 miles south of Atlanta. Not only is the rent significantly lower, but the area also boasts a close-knit community feel. It’s a place where history comes alive, particularly at the Road to Tara Museum, celebrating the legacy of “Gone with the Wind.” Stately Oaks adds to the historical allure, offering a glimpse into the past. The city’s community events foster a strong sense of belonging, making it an ideal place for those seeking a blend of affordability and cultural richness.
Average rent for a one-bedroom: $1,175
Average rent for a two-bedroom: $1,338
Distance from Atlanta: 25 miles
Apartments for rent in Conyers
Conyers, set 25 miles southeast of Atlanta, is a picturesque suburb where affordability meets natural beauty. It’s home to the Georgia International Horse Park, a legacy of the 1996 Summer Olympics, perfect for equestrian enthusiasts and outdoor adventurers. The Olde Town Conyers Historic District is a delightful area with charming shops, local eateries and well-preserved architecture, providing residents with a quaint, small-town atmosphere coupled with the convenience of being close to Atlanta.
Average rent for a studio: $1,168
Average rent for a one-bedroom: $1,300
Average rent for a two-bedroom: $1,405
Distance from Atlanta: 15 miles
Apartments for rent in Stone Mountain
Stone Mountain, known for its namesake park and the impressive carving on its mountain, is a treasure trove of natural beauty and outdoor activities. Located just 15 miles from Atlanta, it offers affordable housing options and a serene lifestyle. Residents can enjoy hiking trails, a scenic gondola ride and stunning laser shows at the park. The small-town atmosphere, combined with these unique attractions, makes Stone Mountain an appealing choice for those seeking a balance between urban and outdoor living.
Average rent for a studio: $1,376
Average rent for a one-bedroom: $1,322
Average rent for a two-bedroom: $1,667
Distance from Atlanta: 25 miles
Apartments for rent in Norcross
Norcross, approximately 25 miles northeast of Atlanta, blends affordability with historical charm. The downtown area, known for its historic buildings and vibrant arts scene, offers a cultural experience reminiscent of a bygone era. Unique shops and local events add to the appeal, making Norcross not just a place to live, but a community to be a part of. Its location provides a peaceful retreat from the city while still maintaining easy access to Atlanta’s resources.
Average rent for a studio: $1,210
Average rent for a one-bedroom: $1,360
Average rent for a two-bedroom: $1,770
Distance from Atlanta: 25 miles
Apartments for rent in Roswell
Roswell, nestled 25 miles north of Atlanta, is a suburb that seamlessly combines historical sites, natural beauty and a vibrant art scene. The historic Roswell Mill and the scenic Vickery Creek Trail offer residents a chance to delve into the area’s rich past and enjoy nature. The city is also celebrated for its art galleries and public art installations, offering a creative and inspiring environment. Roswell’s community-centric approach and its array of cultural offerings make it a prime choice for those seeking a quieter yet culturally rich lifestyle.
Average rent for a studio: $1,030
Average rent for a one-bedroom: $1,547
Average rent for a two-bedroom: $1,762
Distance from Atlanta: 20 miles
Apartments for rent in Marietta
Marietta, 20 miles from Atlanta, is a suburb that exudes a small-town charm combined with rich historical roots. It’s home to the Marietta Cobb Museum of Art, the Marietta History Museum and the Gone with the Wind Museum, each offering unique insights into the region’s history and culture. The Glover Park Concert Series adds a lively dimension to the community, with live music and entertainment throughout the summer. Marietta’s blend of history, culture and community events makes it an attractive destination for those seeking an enriched suburban lifestyle.
Average rent for a studio: $1,770
Average rent for a one-bedroom: $1,584
Average rent for a two-bedroom: $1,984
Distance from Atlanta: 15 miles
Apartments for rent in Atlanta
Smyrna, about 15 miles northwest of Atlanta’s center, is a suburb that offers a perfect mix of urban accessibility and suburban tranquility. The Silver Comet Trail and Jonquil Park are highlights for nature lovers and fitness enthusiasts, providing scenic routes for walking and cycling. Additionally, its proximity to Truist Park, home of the Atlanta Braves, makes it a hotspot for sports fans. Smyrna’s community vibe, coupled with its green spaces and recreational opportunities, makes it a top choice for those seeking a balanced lifestyle.
Average rent for a studio: $1,749
Average rent for a one-bedroom: $1,611
Average rent for a two-bedroom: $2,127
Distance from Atlanta: 17 miles
Apartments for rent in Dunwoody
Dunwoody, located 17 miles from Atlanta, is a suburb that offers both natural beauty and cultural festivities. Brook Run Park is a focal point for outdoor enthusiasts, featuring expansive green spaces and a dog park. The Dunwoody Art Festival is a notable annual event, showcasing a variety of artworks and local culture. With its combination of serene parks and vibrant cultural events, Dunwoody strikes a perfect balance for those seeking a dynamic yet peaceful suburban life.
Average rent for a studio: $1,650
Average rent for a one-bedroom: $1,635
Average rent for a two-bedroom: $1,964
Distance from Atlanta: 30 miles
Apartments for rent in Kennesaw
Kennesaw, 30 miles from Atlanta, is a suburb known for its relaxed lifestyle and rich history. The Southern Museum of Civil War and Locomotive History offers a deep dive into the region’s past, while Swift-Cantrell Park provides ample space for outdoor activities and sports. Kennesaw’s laid-back atmosphere, combined with its historical and recreational offerings, makes it an attractive option for those seeking a calm, yet engaging, living experience.
Average rent for a studio: $940
Average rent for a one-bedroom: $1,704
Average rent for a two-bedroom: $1,475
Distance from Atlanta: 7 miles
Apartments for rent in Decatur
Decatur, just 7 miles east of Atlanta, is a vibrant suburb with a strong sense of community. Known for its diverse dining options, local boutiques and thriving arts scene, Decatur offers a lively yet intimate urban experience. The downtown area is a hub of activity, providing residents with a variety of cultural and recreational opportunities. Glenlake Park adds to the charm, offering a space for outdoor relaxation and community gatherings.
Average rent for a studio: $1,483
Average rent for a one-bedroom: $1,717
Average rent for a two-bedroom: $2,101
Distance from Atlanta: 15 miles
Apartments for rent in Sandy Springs
Sandy Springs, about 15 miles north of Atlanta, is the final suburb on our list, known for its blend of urban convenience and natural beauty. The Chattahoochee River National Recreation Area is a highlight, offering riverside trails and picturesque spots for picnics and birdwatching. The Heritage Sandy Springs Museum enriches the community with local history and culture. Sandy Springs provides a balance of outdoor activities and cultural experiences, making it a great choice for those looking for a suburban lifestyle with easy access to Atlanta.
Find your home in ATL
These 11 affordable suburbs around Atlanta present a diverse array of options for those looking to enjoy the perks of living near a major city without the high cost of urban living. Each suburb offers its unique charm, from historical sites and lush parks to vibrant cultural scenes and community events. Whether you’re a young professional, a growing family or simply seeking a change of scenery, these Atlanta suburbs provide a harmonious blend of affordability, accessibility and lifestyle.
As Atlanta continues to grow and attract new residents, these suburbs stand out as attractive alternatives, offering a quieter, yet equally enriching life just a stone’s throw from the heart of the city. Remember, whether renting or considering a future purchase, exploring these suburbs to find your perfect place could lead you to find your perfect new home in the greater Atlanta area.
If you’re considering a move from renting to buying, don’t forget to explore the most affordable suburbs for home purchases as well.
Methodology
Affordability is based on whether a suburb’s one and two-bedroom rent was less than Atlanta and under 30 miles from downtown Atlanta. Average rental data from Atlanta rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
Atlanta, Georgia’s dynamic capital, is renowned for its unique mix of Southern hospitality, cultural diversity and beloved sports teams. With the city’s growing popularity, you might be curious about the cost of renting in Atlanta. To give you an idea, the average monthly rent in Atlanta is $1,662 for a studio, $1,912 for a one-bedroom apartment and $2,487 for a two-bedroom apartment. However, there’s good news: several affordable suburbs surround Atlanta, offering budget-friendly living options in ‘The Big Peach.’
If you’re an Atlantan looking for an economical yet culturally rich living experience, this guide is for you. We’ve carefully selected 11 affordable suburbs where you can enjoy Atlanta’s vibrant lifestyle without stretching your budget too thin. These affordable Atlanta suburbs provide a blend of Southern charm, delicious cuisine and access to Atlanta’s famous attractions, all at a more affordable price point.
Average rent for a studio: $850
Average rent for a one-bedroom: $1,079
Average rent for a two-bedroom: $1,221
Distance from Atlanta: 17 miles
Apartments for rent in Jonesboro
Jonesboro, a charming suburb with a deep historical essence, offers an affordable living experience just 17 miles south of Atlanta. Not only is the rent significantly lower, but the area also boasts a close-knit community feel. It’s a place where history comes alive, particularly at the Road to Tara Museum, celebrating the legacy of “Gone with the Wind.” Stately Oaks adds to the historical allure, offering a glimpse into the past. The city’s community events foster a strong sense of belonging, making it an ideal place for those seeking a blend of affordability and cultural richness.
Average rent for a one-bedroom: $1,175
Average rent for a two-bedroom: $1,338
Distance from Atlanta: 25 miles
Apartments for rent in Conyers
Conyers, set 25 miles southeast of Atlanta, is a picturesque suburb where affordability meets natural beauty. It’s home to the Georgia International Horse Park, a legacy of the 1996 Summer Olympics, perfect for equestrian enthusiasts and outdoor adventurers. The Olde Town Conyers Historic District is a delightful area with charming shops, local eateries and well-preserved architecture, providing residents with a quaint, small-town atmosphere coupled with the convenience of being close to Atlanta.
Average rent for a studio: $1,168
Average rent for a one-bedroom: $1,300
Average rent for a two-bedroom: $1,405
Distance from Atlanta: 15 miles
Apartments for rent in Stone Mountain
Stone Mountain, known for its namesake park and the impressive carving on its mountain, is a treasure trove of natural beauty and outdoor activities. Located just 15 miles from Atlanta, it offers affordable housing options and a serene lifestyle. Residents can enjoy hiking trails, a scenic gondola ride and stunning laser shows at the park. The small-town atmosphere, combined with these unique attractions, makes Stone Mountain an appealing choice for those seeking a balance between urban and outdoor living.
Average rent for a studio: $1,376
Average rent for a one-bedroom: $1,322
Average rent for a two-bedroom: $1,667
Distance from Atlanta: 25 miles
Apartments for rent in Norcross
Norcross, approximately 25 miles northeast of Atlanta, blends affordability with historical charm. The downtown area, known for its historic buildings and vibrant arts scene, offers a cultural experience reminiscent of a bygone era. Unique shops and local events add to the appeal, making Norcross not just a place to live, but a community to be a part of. Its location provides a peaceful retreat from the city while still maintaining easy access to Atlanta’s resources.
Average rent for a studio: $1,210
Average rent for a one-bedroom: $1,360
Average rent for a two-bedroom: $1,770
Distance from Atlanta: 25 miles
Apartments for rent in Roswell
Roswell, nestled 25 miles north of Atlanta, is a suburb that seamlessly combines historical sites, natural beauty and a vibrant art scene. The historic Roswell Mill and the scenic Vickery Creek Trail offer residents a chance to delve into the area’s rich past and enjoy nature. The city is also celebrated for its art galleries and public art installations, offering a creative and inspiring environment. Roswell’s community-centric approach and its array of cultural offerings make it a prime choice for those seeking a quieter yet culturally rich lifestyle.
Average rent for a studio: $1,030
Average rent for a one-bedroom: $1,547
Average rent for a two-bedroom: $1,762
Distance from Atlanta: 20 miles
Apartments for rent in Marietta
Marietta, 20 miles from Atlanta, is a suburb that exudes a small-town charm combined with rich historical roots. It’s home to the Marietta Cobb Museum of Art, the Marietta History Museum and the Gone with the Wind Museum, each offering unique insights into the region’s history and culture. The Glover Park Concert Series adds a lively dimension to the community, with live music and entertainment throughout the summer. Marietta’s blend of history, culture and community events makes it an attractive destination for those seeking an enriched suburban lifestyle.
Average rent for a studio: $1,770
Average rent for a one-bedroom: $1,584
Average rent for a two-bedroom: $1,984
Distance from Atlanta: 15 miles
Apartments for rent in Atlanta
Smyrna, about 15 miles northwest of Atlanta’s center, is a suburb that offers a perfect mix of urban accessibility and suburban tranquility. The Silver Comet Trail and Jonquil Park are highlights for nature lovers and fitness enthusiasts, providing scenic routes for walking and cycling. Additionally, its proximity to Truist Park, home of the Atlanta Braves, makes it a hotspot for sports fans. Smyrna’s community vibe, coupled with its green spaces and recreational opportunities, makes it a top choice for those seeking a balanced lifestyle.
Average rent for a studio: $1,749
Average rent for a one-bedroom: $1,611
Average rent for a two-bedroom: $2,127
Distance from Atlanta: 17 miles
Apartments for rent in Dunwoody
Dunwoody, located 17 miles from Atlanta, is a suburb that offers both natural beauty and cultural festivities. Brook Run Park is a focal point for outdoor enthusiasts, featuring expansive green spaces and a dog park. The Dunwoody Art Festival is a notable annual event, showcasing a variety of artworks and local culture. With its combination of serene parks and vibrant cultural events, Dunwoody strikes a perfect balance for those seeking a dynamic yet peaceful suburban life.
Average rent for a studio: $1,650
Average rent for a one-bedroom: $1,635
Average rent for a two-bedroom: $1,964
Distance from Atlanta: 30 miles
Apartments for rent in Kennesaw
Kennesaw, 30 miles from Atlanta, is a suburb known for its relaxed lifestyle and rich history. The Southern Museum of Civil War and Locomotive History offers a deep dive into the region’s past, while Swift-Cantrell Park provides ample space for outdoor activities and sports. Kennesaw’s laid-back atmosphere, combined with its historical and recreational offerings, makes it an attractive option for those seeking a calm, yet engaging, living experience.
Average rent for a studio: $940
Average rent for a one-bedroom: $1,704
Average rent for a two-bedroom: $1,475
Distance from Atlanta: 7 miles
Apartments for rent in Decatur
Decatur, just 7 miles east of Atlanta, is a vibrant suburb with a strong sense of community. Known for its diverse dining options, local boutiques and thriving arts scene, Decatur offers a lively yet intimate urban experience. The downtown area is a hub of activity, providing residents with a variety of cultural and recreational opportunities. Glenlake Park adds to the charm, offering a space for outdoor relaxation and community gatherings.
Average rent for a studio: $1,483
Average rent for a one-bedroom: $1,717
Average rent for a two-bedroom: $2,101
Distance from Atlanta: 15 miles
Apartments for rent in Sandy Springs
Sandy Springs, about 15 miles north of Atlanta, is the final suburb on our list, known for its blend of urban convenience and natural beauty. The Chattahoochee River National Recreation Area is a highlight, offering riverside trails and picturesque spots for picnics and birdwatching. The Heritage Sandy Springs Museum enriches the community with local history and culture. Sandy Springs provides a balance of outdoor activities and cultural experiences, making it a great choice for those looking for a suburban lifestyle with easy access to Atlanta.
Find your home in ATL
These 11 affordable suburbs around Atlanta present a diverse array of options for those looking to enjoy the perks of living near a major city without the high cost of urban living. Each suburb offers its unique charm, from historical sites and lush parks to vibrant cultural scenes and community events. Whether you’re a young professional, a growing family or simply seeking a change of scenery, these Atlanta suburbs provide a harmonious blend of affordability, accessibility and lifestyle.
As Atlanta continues to grow and attract new residents, these suburbs stand out as attractive alternatives, offering a quieter, yet equally enriching life just a stone’s throw from the heart of the city. Remember, whether renting or considering a future purchase, exploring these suburbs to find your perfect place could lead you to find your perfect new home in the greater Atlanta area.
If you’re considering a move from renting to buying, don’t forget to explore the most affordable suburbs for home purchases as well.
Methodology
Affordability is based on whether a suburb’s one and two-bedroom rent was less than Atlanta and under 30 miles from downtown Atlanta. Average rental data from Atlanta rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
It’s always sunny in Philadelphia, whether you’re in a home or an apartment.
Philadelphia’s real estate market is a dynamic landscape with various trends and factors influencing the choices of residents. From affordable neighborhoods to luxury living options, this article delves into the overall market trends, neighborhood insights, market dynamics and renting scenarios in the City of Brotherly Love.
Overall housing market trends
The Philadelphia housing market exhibits a diverse range of trends, catering to individuals with varying preferences and budget constraints. Let’s take a deeper dive into Philadelphia real estate.
Philadelphia’s real estate market is categorized as “somewhat competitive.” Certain homes attract multiple offers, while the average homes typically sell for approximately 3% below the listed price and enter pending status in approximately 47 days. On the other hand, in-demand homes may sell for close to the list price and enter pending status within about 18 days.
In December 2023, the median home price in Philadelphia experienced a 2.9% decrease from the previous year, reaching $235K. The average time homes spent on the market was 52 days, slightly less than the 54 days recorded last year. The number of homes sold in December this year increased to 1,067, compared to 1,049 in the previous year.
Neighborhood insights
Find out what Philadelphia homes are selling for in different neighborhoods, as well as how long they’re staying on the market.
Brewerytown: This neighborhood is characterized by listings like a recent property that sold for the listing price of $450,000 after being on the market for a long stay of 103 days.
Lower Moyamensing: A competitive market shown through listings like a three-bedroom recently sold for 4% under the list price at $239,000. This property sat on the market for 72 days.
Northeast Philadelphia: A highly sought-after neighborhood with listings like a four-bedroom that sold for 7% over the listing price at $374,100. This listing went quickly as it only spent 38 days on the market.
Center City: Known as the heart of Philadelphia has pricier listings like the recently sold two-bedroom that sold for $575,000 after 91 days on the market. This property sold for 9% under the list price.
Germantown: A more affordable neighborhood characterized by listings like a three-bedroom that recently sold for its original listing price of $155,000 after spending 91 days on the market.
Market dynamics
Many factors, including economic conditions, job opportunities and urban development initiatives influence the dynamics of the Philadelphia housing market. These factors fluctuate between the varying Philadelphia neighborhoods. Home prices, buyer demand and overall Philadelphia housing market trends are dependent on the individual neighborhoods.
Renting in Philadelphia
The rental market in Philadelphia offers a diverse array of options, featuring varying prices and living experiences depending on the specific neighborhood. Let’s delve into the current status of the rental market in Philadelphia.
Rental price trends
Philadelphia has experienced fluctuating rent prices, just as other large US cities have as well. Upper North Philadelphia stands out with an average 1-bedroom apartment rent of $925 which is a 61% rise in rent YoY.
Areas like Rittenhouse Square and University City saw a small change of 8%, raising their one-bedroom options to $2,200 and $2,386, respectively. Conversely, affordable options are available in Lower North and Brewerytown, where average 1-bedroom rents are down 17% bringing rent to $1,450.
Affordable neighborhoods
Unearthing the most affordable neighborhoods is crucial for those prioritizing budget-friendly living in Philadelphia. Cedar Park, Germantown and Mantua provide affordable housing options, presenting alternatives to the city’s average 1-bedroom rent of $1,771.
Popular neighborhoods
Where are the neighborhoods that new Philadelphia residents are flocking to? We’ve identified a few of the top contenders.
Lower North: Lower North Philadelphia combines historical allure with modern urban living, creating a diverse and dynamic atmosphere for residents and visitors alike.
Brewerytown: Brewerytown, once industrial, is now a trendy residential enclave with historic charm, attracting a creative community drawn to its artistic vibrancy and proximity to Fairmount Park.
North Central: North Central, centered around Temple University, pulsates with academic energy and community engagement, making it a lively hub for both students and residents.
Avenue of the Arts North: Avenue of the Arts North, at the heart of Philadelphia, is a cultural epicenter renowned for its theaters, music venues and artistic ambiance, offering residents a vibrant and enriched urban experience.
Migration patterns
Whether individuals are arriving in search of new opportunities or departing for different horizons, tracking these migration patterns contributes to a comprehensive understanding of the Philadelphia housing dynamics. According to Redfin market data gathered Oct 2023 – Dec 2023, 22% of Philadelphia homebuyers searched to move out of Philadelphia, while 78% looked to stay within the metropolitan area.
People are coming to Philadelphia from:
People are leaving Philadelphia for:
Luxury living options
For those with a penchant for luxury apartment living, Philadelphia boasts options in University City, Logan Square and Rittenhouse Square. These neighborhoods provide upscale living experiences, albeit at a higher cost compared to the city’s average 1-bedroom rent. Some luxury apartment options are found in communities like The Riverloft Apartment Homes, The Alexander and The Atlantic.
Taxes
Taxes play a significant role in the overall cost of living in any city. The minimum combined sales tax rate for Philadelphia, Pennsylvania is 8%. This is the total of state, county and city sales tax rates.
Unveiling the keys to your Philadelphia dream
Philadelphia’s housing market holds so many diverse options, catering to a wide range of preferences and budgets. Whether you’re drawn to the affordability of specific neighborhoods or the luxury living options in the city’s vibrant districts, this guide will assist you in making informed decisions in the pursuit of a home in the City of Brotherly Love.
Are you ready to make the move to Philly? Find the right Philadelphia apartments to match your needs.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.
It’s always sunny in Philadelphia, whether you’re in a home or an apartment.
Philadelphia’s real estate market is a dynamic landscape with various trends and factors influencing the choices of residents. From affordable neighborhoods to luxury living options, this article delves into the overall market trends, neighborhood insights, market dynamics and renting scenarios in the City of Brotherly Love.
Overall housing market trends
The Philadelphia housing market exhibits a diverse range of trends, catering to individuals with varying preferences and budget constraints. Let’s take a deeper dive into Philadelphia real estate.
Philadelphia’s real estate market is categorized as “somewhat competitive.” Certain homes attract multiple offers, while the average homes typically sell for approximately 3% below the listed price and enter pending status in approximately 47 days. On the other hand, in-demand homes may sell for close to the list price and enter pending status within about 18 days.
In December 2023, the median home price in Philadelphia experienced a 2.9% decrease from the previous year, reaching $235K. The average time homes spent on the market was 52 days, slightly less than the 54 days recorded last year. The number of homes sold in December this year increased to 1,067, compared to 1,049 in the previous year.
Neighborhood insights
Find out what Philadelphia homes are selling for in different neighborhoods, as well as how long they’re staying on the market.
Brewerytown: This neighborhood is characterized by listings like a recent property that sold for the listing price of $450,000 after being on the market for a long stay of 103 days.
Lower Moyamensing: A competitive market shown through listings like a three-bedroom recently sold for 4% under the list price at $239,000. This property sat on the market for 72 days.
Northeast Philadelphia: A highly sought-after neighborhood with listings like a four-bedroom that sold for 7% over the listing price at $374,100. This listing went quickly as it only spent 38 days on the market.
Center City: Known as the heart of Philadelphia has pricier listings like the recently sold two-bedroom that sold for $575,000 after 91 days on the market. This property sold for 9% under the list price.
Germantown: A more affordable neighborhood characterized by listings like a three-bedroom that recently sold for its original listing price of $155,000 after spending 91 days on the market.
Market dynamics
Many factors, including economic conditions, job opportunities and urban development initiatives influence the dynamics of the Philadelphia housing market. These factors fluctuate between the varying Philadelphia neighborhoods. Home prices, buyer demand and overall Philadelphia housing market trends are dependent on the individual neighborhoods.
Renting in Philadelphia
The rental market in Philadelphia offers a diverse array of options, featuring varying prices and living experiences depending on the specific neighborhood. Let’s delve into the current status of the rental market in Philadelphia.
Rental price trends
Philadelphia has experienced fluctuating rent prices, just as other large US cities have as well. Upper North Philadelphia stands out with an average 1-bedroom apartment rent of $925 which is a 61% rise in rent YoY.
Areas like Rittenhouse Square and University City saw a small change of 8%, raising their one-bedroom options to $2,200 and $2,386, respectively. Conversely, affordable options are available in Lower North and Brewerytown, where average 1-bedroom rents are down 17% bringing rent to $1,450.
Affordable neighborhoods
Unearthing the most affordable neighborhoods is crucial for those prioritizing budget-friendly living in Philadelphia. Cedar Park, Germantown and Mantua provide affordable housing options, presenting alternatives to the city’s average 1-bedroom rent of $1,771.
Popular neighborhoods
Where are the neighborhoods that new Philadelphia residents are flocking to? We’ve identified a few of the top contenders.
Lower North: Lower North Philadelphia combines historical allure with modern urban living, creating a diverse and dynamic atmosphere for residents and visitors alike.
Brewerytown: Brewerytown, once industrial, is now a trendy residential enclave with historic charm, attracting a creative community drawn to its artistic vibrancy and proximity to Fairmount Park.
North Central: North Central, centered around Temple University, pulsates with academic energy and community engagement, making it a lively hub for both students and residents.
Avenue of the Arts North: Avenue of the Arts North, at the heart of Philadelphia, is a cultural epicenter renowned for its theaters, music venues and artistic ambiance, offering residents a vibrant and enriched urban experience.
Migration patterns
Whether individuals are arriving in search of new opportunities or departing for different horizons, tracking these migration patterns contributes to a comprehensive understanding of the Philadelphia housing dynamics. According to Redfin market data gathered Oct 2023 – Dec 2023, 22% of Philadelphia homebuyers searched to move out of Philadelphia, while 78% looked to stay within the metropolitan area.
People are coming to Philadelphia from:
People are leaving Philadelphia for:
Luxury living options
For those with a penchant for luxury apartment living, Philadelphia boasts options in University City, Logan Square and Rittenhouse Square. These neighborhoods provide upscale living experiences, albeit at a higher cost compared to the city’s average 1-bedroom rent. Some luxury apartment options are found in communities like The Riverloft Apartment Homes, The Alexander and The Atlantic.
Taxes
Taxes play a significant role in the overall cost of living in any city. The minimum combined sales tax rate for Philadelphia, Pennsylvania is 8%. This is the total of state, county and city sales tax rates.
Unveiling the keys to your Philadelphia dream
Philadelphia’s housing market holds so many diverse options, catering to a wide range of preferences and budgets. Whether you’re drawn to the affordability of specific neighborhoods or the luxury living options in the city’s vibrant districts, this guide will assist you in making informed decisions in the pursuit of a home in the City of Brotherly Love.
Are you ready to make the move to Philly? Find the right Philadelphia apartments to match your needs.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.