PHX rental prices cheap compared to other cities

Posted at 7:05 PM, Dec 03, 2015
and last updated 2015-12-03 21:05:20-05

Phoenix renters...your monthly payment is probably a real steal compared to other major U.S. cities.

A one-bedroom in the Golden Gate City will run you $3,500 monthly, according to a report just released by  The average for the same apartment in Phoenix $730 a month.

The top three most expensive out of the list of 100 are San Francisco, New York and Washington DC.  The website reports average rents nationwide increased by 4.9% for a 1 bedroom and 4.0% for a 2 bedroom between October 2014 and October 2015.

The three cheapest cities to rent in?  Toledo, OH, Huntsville, AL, Fort Wayne, IN.  All average well under $500 a month.

For a look at the complete list check out the rent report