The Cheapest Neighborhoods in the 50 Biggest US Cities

·13 min read
Steve Heap / Shutterstock.com
Steve Heap / Shutterstock.com

Life in a big city is fast becoming downright impossible for anyone who's not very well off. The cost of housing alone can make the prospects of living in one of America's most populous urban centers a pipe dream. The average rent on a one-bedroom apartment in New York City right now comes to $2,333 — meaning someone looking to live alone and spend less than a third of their income on rent would need to make nearly $90,000 a year. And of course, they've got it easy compared to residents of San Francisco, where the average rent on a one-bedroom is a mind-boggling $3,612.

Read: 35 Surprising Cities With Low Costs of Living
Do Your Research: What Homes Will Be Worth in Your State by the End of 2021

However, while a city's average rent gives a clear overview, it's not necessarily the reality for every resident. While some might choose to pay more for higher-end places in fancier districts, there's also typically going to be places where housing prices are below average. Meaning that, should you find the right neighborhood, you might be able to carve out a corner of the city where your housing costs align with your income in a realistic manner. Perhaps, even a desirable locale where the cost of a house is attainable.

Find Out: These Are the 50 Best Cities for Gen Z To Live Well on a Budget

That's the motivation behind a GOBankingRates study highlighting the neighborhoods in American metropolises that offer the most budget-friendly options for housing. Taking 50 of the largest cities in the country and ranking them by population, the study identified three neighborhoods in each city where the cost of buying and renting is lowest. To determine these costs, GOBankingRates used Zillow's rent index and home value index — both of which use weighted results from listings and sales data to give a more accurate reflection of the expected costs in a specific housing market. These areas might not be a magic bullet that allows you to buy a spacious home in one of America's priciest cities, but they might remedy a difficult budget or offer a realistic cure for that long commute.

So, take a look and see where in America you can buy and rent housing for less.

Last updated: Sept. 28, 2021

TheBronxNYC / Wikimedia Commons
TheBronxNYC / Wikimedia Commons

1. New York

  • Parkchester

    • Average home value: $171,912.33

    • Average monthly rent: $1,776.79

  • Woodlawn

    • Average home value: $273,617.67

    • Average monthly rent: $1,844.08

  • Williamsbridge

    • Average home value: $314,275.00

    • Average monthly rent: $1,810.36

See: The Most Expensive Countries To Live In

trekandshoot / Shutterstock.com
trekandshoot / Shutterstock.com

2. Los Angeles

  • Southeast Los Angeles

    • Average home value: $417,180.33

    • Average monthly rent: $2,376.83

  • Central City

    • Average home value: $442,035.67

    • Average monthly rent: $2,372.72

  • Wilmington

    • Average home value: $476,672.67

    • Average monthly rent: $2,338.90

See: 50 Best Places To Buy a Home Under $250K

stevegeer / Getty Images/iStockphoto
stevegeer / Getty Images/iStockphoto

3. Chicago

  • South Chicago

    • Average home value: $108,866.00

    • Average monthly rent: $1,174.28

  • Burnside

    • Average home value: $121,429.67

    • Average monthly rent: $1,248.72

  • Chatham

    • Average home value: $139,944.67

    • Average monthly rent: $1,243.40

Read More: 17 Dumb Home-Buying Mistakes That Hurt Your Wallet

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

4. Houston

  • Clinton Park Tri-Community

    • Average home value: $85,589.33

    • Average monthly rent: $1,109.40

  • Settegast

    • Average home value: $91,059.67

    • Average monthly rent: $1,121.93

  • Trinity - Houston Gardens

    • Average home value: $95,277.33

    • Average monthly rent: $1,209.37

See: The Cost To Own a 3-Bedroom Home in Every State

Pgiam / Getty Images/iStockphoto
Pgiam / Getty Images/iStockphoto

5. Phoenix

  • Estrella

    • Average home value: $222,509.00

    • Average monthly rent: $1,286.23

  • South Mountain

    • Average home value: $209,671.00

    • Average monthly rent: $1,337.52

  • Alhambra

    • Average home value: $203,803.00

    • Average monthly rent: $1,348.78

chrisinphilly5448 / Flickr.com
chrisinphilly5448 / Flickr.com

6. Philadelphia

  • Olney

    • Average home value: $120,606.67

    • Average monthly rent: $1,106.87

  • Wissinoming

    • Average home value: $126,697.00

    • Average monthly rent: $1,122.61

  • Summerdale

    • Average home value: $120,918.33

    • Average monthly rent: $1,165.94

KenB / Wikimedia Commons
KenB / Wikimedia Commons

7. San Antonio

  • Avenida Guadalupe

    • Average home value: $87,869.33

    • Average monthly rent: $933.96

  • Quintana Community

    • Average home value: $98,565.67

    • Average monthly rent: $940.73

  • Prospect Hill

    • Average home value: $91,096.33

    • Average monthly rent: $1,021.83

Roman Eugeniusz / Wikimedia Commons
Roman Eugeniusz / Wikimedia Commons

8. San Diego

  • Colina del Sol

    • Average home value: $274,151.33

    • Average monthly rent: $1,791.60

  • Grantville

    • Average home value: $335,718.67

    • Average monthly rent: $2,031.20

  • Corridor

    • Average home value: $419,155.33

    • Average monthly rent: $1,946.80

kanonsky / Getty Images
kanonsky / Getty Images

9. Dallas

  • Southeast Dallas

    • Average home value: $140,639.67

    • Average monthly rent: $1,203.66

  • South Dallas

    • Average home value: $144,813.33

    • Average monthly rent: $1,206.42

  • Wolf Creek

    • Average home value: $175,468.00

    • Average monthly rent: $1,219.65

pbk-pg / Shutterstock.com
pbk-pg / Shutterstock.com

10. San Jose, California

  • Fairgrounds

    • Average home value: $753,476.67

    • Average monthly rent: $2,959.95

  • Alum Rock-East Foothills

    • Average home value: $775,561.33

    • Average monthly rent: $2,976.06

  • East San Jose

    • Average home value: $742,687.00

    • Average monthly rent: $3,020.42

Roschetzky Photography / Shutterstock.com
Roschetzky Photography / Shutterstock.com

11. Austin, Texas

  • Franklin Park

    • Average home value: $226,321.67

    • Average monthly rent: $1,501.63

  • McKinney

    • Average home value: $238,674.33

    • Average monthly rent: $1,582.56

  • Southeast

    • Average home value: $252,274.33

    • Average monthly rent: $1,564.38

JSvideos / Shutterstock.com
JSvideos / Shutterstock.com

12. Jacksonville, Florida

  • Sweetwater

    • Average home value: $144,786.67

    • Average monthly rent: $1,092.91

  • Oak Hill

    • Average home value: $147,966.00

    • Average monthly rent: $1,082.49

  • Baymeadows

    • Average home value: $132,286.67

    • Average monthly rent: $1,287.83

Arpad Benedek / iStock.com
Arpad Benedek / iStock.com

13. Fort Worth, Texas

  • Bomber Heights

    • Average home value: $137,008.00

    • Average monthly rent: $1,014.55

  • South Hills

    • Average home value: $156,941.33

    • Average monthly rent: $1,321.83

  • Handley

    • Average home value: $159,764.00

    • Average monthly rent: $1,364.96

Find Out: Best Places To Live on a $50,000 Salary in Every State

TrentGarverick / Getty Images/iStockphoto
TrentGarverick / Getty Images/iStockphoto

14. Columbus, Ohio

  • Leawood

    • Average home value: $118,180.00

    • Average monthly rent: $1,025.25

  • Beechwood

    • Average home value: $117,959.33

    • Average monthly rent: $1,068.57

  • Holly Hill

    • Average home value: $123,240.33

    • Average monthly rent: $921.76

Find Out: 8 Insider Tips to Get Rich in Real Estate

SnapASkyline / Shutterstock.com
SnapASkyline / Shutterstock.com

15. San Francisco

  • Ingleside Heights

    • Average home value: $999,816.00

    • Average monthly rent: $3,294.98

  • Visitacion Valley

    • Average home value: $942,445.33

    • Average monthly rent: $3,781.00

  • Bayview

    • Average home value: $963,365.67

    • Average monthly rent: $3,729.28

Kruck20 / Getty Images/iStockphoto
Kruck20 / Getty Images/iStockphoto

16. Charlotte, North Carolina

  • Hidden Valley

    • Average home value: $142,526.00

    • Average monthly rent: $1,116.67

  • Westerly Hills

    • Average home value: $139,452.33

    • Average monthly rent: $1,253.63

  • College Downs

    • Average home value: $146,588.00

    • Average monthly rent: $1,221.46

f11photo / Getty Images/iStockphoto
f11photo / Getty Images/iStockphoto

17. Indianapolis

  • Near Southeast

    • Average home value: $70,236.67

    • Average monthly rent: $747.45

  • Devington

    • Average home value: $79,111.33

    • Average monthly rent: $792.86

  • Garden City

    • Average home value: $86,969.33

    • Average monthly rent: $815.19

PhilAugustavo / Getty Images/iStockphoto
PhilAugustavo / Getty Images/iStockphoto

18. Seattle

  • South Park

    • Average home value: $451,096.00

    • Average monthly rent: $1,672.30

  • South Delridge

    • Average home value: $474,639.00

    • Average monthly rent: $1,859.66

  • Rainier View

    • Average home value: $446,556.00

    • Average monthly rent: $2,114.27

milehightraveler / Getty Images/iStockphoto
milehightraveler / Getty Images/iStockphoto

19. Denver

  • Windsor

    • Average home value: $210,160.00

    • Average monthly rent: $1,659.29

  • DIA

    • Average home value: $267,059.67

    • Average monthly rent: $1,706.34

  • College View - South Platte

    • Average home value: $334,963.67

    • Average monthly rent: $1,494.31

Orhan Cam / Shutterstock.com
Orhan Cam / Shutterstock.com

20. Washington

  • Congress Heights

    • Average home value: $342,830.00

    • Average monthly rent: $1,754.62

  • Deanwood

    • Average home value: $355,729.00

    • Average monthly rent: $1,807.80

  • Buena Vista

    • Average home value: $359,371.67

    • Average monthly rent: $1,908.54

Keith J Finks / Shutterstock.com
Keith J Finks / Shutterstock.com

21. Boston

  • Brighton

    • Average home value: $531,927.33

    • Average monthly rent: $2,705.14

  • Allston

    • Average home value: $596,565.00

    • Average monthly rent: $2,735.43

  • West End

    • Average home value: $585,661.33

    • Average monthly rent: $2,908.46

Mark Taylor Cunningham / Shutterstock.com
Mark Taylor Cunningham / Shutterstock.com

22. El Paso, Texas

  • Pasadena

    • Average home value: $92,163.67

    • Average monthly rent: $829.36

  • Ysleta Mission Valley

    • Average home value: $94,309.67

    • Average monthly rent: $871.46

  • Save the Valley 21

    • Average home value: $97,424.33

    • Average monthly rent: $871.03

tusharkoley / Shutterstock.com
tusharkoley / Shutterstock.com

23. Portland, Oregon

  • Powellhurst Gilbert

    • Average home value: $315,255.00

    • Average monthly rent: $1,590.57

  • Hayden Island

    • Average home value: $282,370.67

    • Average monthly rent: $1,847.19

  • Mill Park

    • Average home value: $317,264.00

    • Average monthly rent: $1,585.46

Bonita R. Cheshier / Shutterstock.com
Bonita R. Cheshier / Shutterstock.com

24. Memphis, Tennessee

  • Shelby Forest-Frayser

    • Average home value: $55,718.67

    • Average monthly rent: $723.63

  • Berclair-Highland Heights

    • Average home value: $49,402.67

    • Average monthly rent: $814.04

  • Parkway Village-Oakhaven

    • Average home value: $78,959.00

    • Average monthly rent: $804.61

Shutterstock.com
Shutterstock.com

25. Oklahoma City

  • Meridian Avenue Corridor

    • Average home value: $108,080.33

    • Average monthly rent: $837.84

  • I-240 Corridor

    • Average home value: $108,675.00

    • Average monthly rent: $835.40

  • Northwest 39th Street Enclave

    • Average home value: $120,743.00

    • Average monthly rent: $896.37

Stan Shebs / Wikimedia Commons
Stan Shebs / Wikimedia Commons

26. Las Vegas

  • Sunrise Manor

    • Average home value: $230,782.33

    • Average monthly rent: $1,183.07

  • Charleston Heights

    • Average home value: $232,157.67

    • Average monthly rent: $1,249.53

  • Whitney

    • Average home value: $235,932.00

    • Average monthly rent: $1,241.85

Phyllis A Bentley / Shutterstock.com
Phyllis A Bentley / Shutterstock.com

27. Louisville, Kentucky

  • Taylor Berry

    • Average home value: $65,465.00

    • Average monthly rent: $787.25

  • Parkland

    • Average home value: $36,596.33

    • Average monthly rent: $833.31

  • Wyandotte

    • Average home value: $69,900.00

    • Average monthly rent: $817.54

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

28. Baltimore

  • Idlewood

    • Average home value: $137,172.00

    • Average monthly rent: $1,197.22

  • Perring Loch

    • Average home value: $142,810.00

    • Average monthly rent: $1,206.66

  • Woodring

    • Average home value: $169,597.00

    • Average monthly rent: $1,272.56

f11photo / Getty Images/iStockphoto
f11photo / Getty Images/iStockphoto

29. Milwaukee

  • Silver Spring

    • Average home value: $85,245.33

    • Average monthly rent: $841.97

  • Uptown

    • Average home value: $98,853.00

    • Average monthly rent: $800.32

  • Capitol Heights

    • Average home value: $109,150.00

    • Average monthly rent: $859.51

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

30. Albuquerque, New Mexico

  • Trumbull Village

    • Average home value: $121,995.67

    • Average monthly rent: $771.80

  • La Mesa

    • Average home value: $141,455.67

    • Average monthly rent: $835.92

  • Alamosa

    • Average home value: $130,502.33

    • Average monthly rent: $1,028.29

Chris Rubino / Shutterstock.com
Chris Rubino / Shutterstock.com

31. Tucson, Arizona

  • Julia Keen

    • Average home value: $146,052.67

    • Average monthly rent: $997.12

  • Myers

    • Average home value: $148,288.00

    • Average monthly rent: $1,016.11

  • Keeling

    • Average home value: $153,531.00

    • Average monthly rent: $845.42

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

32. Fresno, California

  • Central

    • Average home value: $148,683.33

    • Average monthly rent: $981.57

  • Fresno High Roeding

    • Average home value: $198,805.67

    • Average monthly rent: $1,168.46

  • Roosevelt

    • Average home value: $205,392.00

    • Average monthly rent: $1,149.20

DenisTangneyJr / Getty Images
DenisTangneyJr / Getty Images

33. Mesa, Arizona

  • Mesa Grande

    • Average home value: $172,562.67

    • Average monthly rent: $1,375.19

  • Encanto

    • Average home value: $222,973.67

    • Average monthly rent: $1,345.24

  • Reed Park

    • Average home value: $227,936.33

    • Average monthly rent: $1,342.02

Manny Chavez / Getty Images/iStockphoto
Manny Chavez / Getty Images/iStockphoto

34. Sacramento, California

  • East Del Paso Heights

    • Average home value: $231,941.33

    • Average monthly rent: $1,427.61

  • South Hagginwood

    • Average home value: $235,871.67

    • Average monthly rent: $1,531.66

  • Del Paso Heights

    • Average home value: $252,353.67

    • Average monthly rent: $1,564.72

rodclementphotography / Getty Images/iStockphoto
rodclementphotography / Getty Images/iStockphoto

35. Atlanta

  • Princeton Lakes

    • Average home value: $228,343.00

    • Average monthly rent: $1,346.56

  • Downtown

    • Average home value: $228,871.67

    • Average monthly rent: $1,730.77

  • Lindbergh

    • Average home value: $264,867.00

    • Average monthly rent: $1,745.96

TriggerPhoto / Getty Images/iStockphoto
TriggerPhoto / Getty Images/iStockphoto

36. Kansas City, Missouri

  • South India Mound

    • Average home value: $58,166.00

    • Average monthly rent: $814.03

  • Marlborough Heights - Marlborough Pride

    • Average home value: $57,602.33

    • Average monthly rent: $835.96

  • Eastwood Hill East

    • Average home value: $75,485.67

    • Average monthly rent: $852.75

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

37. Colorado Springs, Colorado

  • Southeast Colorado Springs

    • Average home value: $243,699.00

    • Average monthly rent: $1,387.09

  • Central Colorado Springs

    • Average home value: $269,830.67

    • Average monthly rent: $1,437.56

  • East Colorado Springs

    • Average home value: $280,484.33

    • Average monthly rent: $1,451.51

wsfurlan / Getty Images/iStockphoto
wsfurlan / Getty Images/iStockphoto

38. Miami

  • Flagami

    • Average home value: $304,038.67

    • Average monthly rent: $1,750.21

  • Alameda - West Flagler

    • Average home value: $343,318.33

    • Average monthly rent: $1,756.92

  • Shenandoah

    • Average home value: $472,340.67

    • Average monthly rent: $1,897.90

Downtown Living: Most Affordable Cities in the US

Kruck20 / Getty Images/iStockphoto
Kruck20 / Getty Images/iStockphoto

39. Raleigh, North Carolina

  • South Raleigh

    • Average home value: $183,149.67

    • Average monthly rent: $1,210.94

  • Southeast Raleigh

    • Average home value: $189,576.67

    • Average monthly rent: $1,261.70

  • East Raleigh

    • Average home value: $255,731.33

    • Average monthly rent: $1,162.45

Leigh Trail / Shutterstock.com
Leigh Trail / Shutterstock.com

40. Long Beach, California

  • East Village

    • Average home value: $335,772.67

    • Average monthly rent: $2,032.62

  • Hellman

    • Average home value: $402,442.67

    • Average monthly rent: $1,996.92

  • Willmore City

    • Average home value: $404,225.67

    • Average monthly rent: $2,049.22

myhrcat / Getty Images/iStockphoto
myhrcat / Getty Images/iStockphoto

41. Virginia Beach, Virginia

  • Oceana

    • Average home value: $209,940.33

    • Average monthly rent: $1,318.68

  • Green Run

    • Average home value: $207,796.00

    • Average monthly rent: $1,383.65

  • Princess Anne Plaza

    • Average home value: $223,169.33

    • Average monthly rent: $1,388.52

BondRocketImages / Shutterstock.com
BondRocketImages / Shutterstock.com

42. Oakland, California

  • North Stonehurst

    • Average home value: $473,472.67

    • Average monthly rent: $2,554.97

  • Webster

    • Average home value: $462,408.00

    • Average monthly rent: $2,634.27

  • Adams Point

    • Average home value: $609,247.33

    • Average monthly rent: $2,976.95

Shutterstock.com
Shutterstock.com

43. Minneapolis

  • Webber-Camden

    • Average home value: $182,663.33

    • Average monthly rent: $1,323.02

  • McKinley

    • Average home value: $174,346.33

    • Average monthly rent: $1,448.56

  • Whittier

    • Average home value: $196,790.67

    • Average monthly rent: $1,358.91

Davel5957 / Getty Images
Davel5957 / Getty Images

44. Tulsa, Oklahoma

  • Hoover

    • Average home value: $126,425.67

    • Average monthly rent: $924.13

  • Lynn Lane

    • Average home value: $225,407.00

    • Average monthly rent: $942.66

  • Brookside

    • Average home value: $209,966.33

    • Average monthly rent: $994.32

Frank Romeo / Shutterstock.com
Frank Romeo / Shutterstock.com

45. Arlington, Texas

  • Central

    • Average home value: $179,734.00

    • Average monthly rent: $1,217.61

  • East

    • Average home value: $173,661.67

    • Average monthly rent: $1,259.42

  • West

    • Average home value: $225,838.67

    • Average monthly rent: $1,455.02

csfotoimages / Getty Images
csfotoimages / Getty Images

46. Tampa, Florida

  • Terrace Park

    • Average home value: $181,194.33

    • Average monthly rent: $1,249.69

  • Lowry Park Central

    • Average home value: $187,923.33

    • Average monthly rent: $1,273.09

  • Fairoaks

    • Average home value: $199,468.33

    • Average monthly rent: $1,306.93

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

47. Wichita, Kansas

  • McCormick

    • Average home value: $56,611.33

    • Average monthly rent: $702.56

  • South Central

    • Average home value: $57,431.00

    • Average monthly rent: $664.73

  • Stanley-Aley

    • Average home value: $60,893.67

    • Average monthly rent: $709.47

ChrisBoswell / Getty Images/iStockphoto
ChrisBoswell / Getty Images/iStockphoto

48. Cleveland

  • North Collinwood

    • Average home value: $72,165.67

    • Average monthly rent: $769.39

  • Old Brooklyn

    • Average home value: $92,358.00

    • Average monthly rent: $799.38

  • Jefferson

    • Average home value: $84,397.67

    • Average monthly rent: $839.92

Richard Thornton / Shutterstock.com
Richard Thornton / Shutterstock.com

49. Bakersfield, California

  • Southgate

    • Average home value: $142,580.67

    • Average monthly rent: $1,032.97

  • Oleander Sunset

    • Average home value: $159,776.00

    • Average monthly rent: $1,064.49

  • Benton Park

    • Average home value: $172,978.00

    • Average monthly rent: $1,209.71

Arina P Habich / Shutterstock.com
Arina P Habich / Shutterstock.com

50. Aurora, Colorado

  • Centretech

    • Average home value: $179,993.67

    • Average monthly rent: $1,432.76

  • City Center North

    • Average home value: $229,571.00

    • Average monthly rent: $1,357.68

  • Highline Villages

    • Average home value: $230,156.67

    • Average monthly rent: $1,521.10

[rock-component slug="more-from-gobankingrates"]

Methodology: GOBankingRates took the 54 biggest cities in the U.S. by population (according to the 2018 American Community Survey conducted by the U.S. Census Bureau) and found the three cheapest neighborhoods in each in terms of home values and rent rates. First, GOBankingRates compiled the 10 neighborhoods in each city with (1) the lowest median estimated home values (according to Zillow's housing data). Then, GOBankingRates compiled (2) the estimated market rent rate (also from Zillow) in each city's 10 selected neighborhoods. GOBankingRates then scored each neighborhood against the other selected neighborhoods in the respective state on each of these two factors, with lower home values and lower rent corresponding to lower scores. The three cheapest neighborhoods in each city were identified as the three neighborhoods with the lowest composite score. In order to be included in our final ranking, neighborhoods had to have data available for both scored factors. All data was compiled on and is up to date as of Jan. 3, 2020.

Note: The following four cities were omitted from our final ranking due to a significant lack of data on their housing markets, which made them impossible to rank: Detroit; New Orleans; Nashville, Tennessee; and Omaha, Nebraska. We considered 20 neighborhoods (rather than 10) to create our final ranking in the following four cities that were lacking some data to ensure that we had both home value and rent data for at least three neighborhoods: Baltimore; Tucson, Arizona; Mesa, Arizona; and Oakland, California.

This article originally appeared on GOBankingRates.com: The Cheapest Neighborhoods in the 50 Biggest US Cities

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting