Metro Phoenix Includes 6 Of The Top 10 Best Places For Renters
Suburban Phoenix is the place to be for renters, according to a new report by WalletHub that ranks 150 major U.S. rental markets from the point of view of renters. Scottsdale tops the list, with Peoria, Gilbert and Chandler next in line. Tempe is at No. 7 and Glendale, Mesa and Phoenix itself at No. 10, 11 and 12, respectively. The list is dominated by the Phoenix suburbs.
The company analyzed 21 relevant metrics in two broad categories to come up with the ranking: rental market and affordability, and quality of life. Affordability and cost of living are especially important metrics, receiving three times the weight of any other metric, which included share of renters, average home square footage, rent-to-price ratio, job market and quality of public schools.
At the other end of the spectrum, Cleveland is the worst place for renters, according to WalletHub, just ahead of Detroit, Oakland and Memphis for the worst spot.