So this week we don't just have good news for renters, we've got great news. According to a new survey by RentLingo, Indianapolis is the number one most affordable city for renters in the entire country.
Ask Any Residential Property Manager, Indianapolis Is The Place To Be in 2016...
While you need an annual income of $201,000 a year to afford the average two-bedroom apartment in San Francisco ($4,694 per month), there are plenty of luxury apartment communities in Indianapolis that won't bankrupt you. That's why Indianapolis earned the number one spot in the list of "top five best buy cities for renters" in 2015.
The RentLingo survey found that the median one-bedroom Indianapolis apartments for rent only cost 11.7% of household income. So while renters on the coasts are paying more than two-thirds of their income on rent each month, renters here in the heartland can enjoy a great quality of life while still saving money for the future.
What Does That Mean For Renters Like You?
More Americans are renting today than at any time in history, while home ownership rates have fallen to their lowest level since the 1960s. More Americans -- from just out of college twenty-somethings to senior citizens and the young families in between -- are choosing to rent. That's because we're living an increasingly mobile lifestyle, with 45 million Americans moving each year. Rather than spending up to 20% of a home's sale price on a massive down payment, millions are instead choosing to find an apartment community better suited to their needs.
Because these apartment rentals are managed by residential property management companies, tenants can enjoy the security and amenities they deserve without the headaches that come from home maintenance. Plus, the best residential property management company knows how to make you feel right at home, even if you aren't planning to stay for 30 years to life.
Renters around the country are finally waking up to a fact our residential property management company has known for years -- there's no better place to go apartment hunting than in Indianapolis.