These Are the Only 5 Major Cities Where Rent Is Actually Affordable Right Now

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Rent is now unaffordable for many Americans. A recent Redfin analysis found that just 39% of renters make enough to afford the median-priced apartment.

This affordability crisis is particularly dire in major cities. The analysis found that of the 50 most populous metros, rent is only affordable for median-income earners — meaning the median rent costs 30% of their income or less — in five cities.

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Here’s a look at the only major cities where the typical renter can actually afford their rent payments.

RoschetzkyIstockPhoto / Getty ImagesRoschetzkyIstockPhoto / Getty Images

RoschetzkyIstockPhoto / Getty Images

Austin, Texas

  • Median asking rent: $1,559

  • Income required to afford median-priced apartment: $62,360

  • Estimated median renter household income: $72,808

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f11photo / Getty Images/iStockphotof11photo / Getty Images/iStockphoto

f11photo / Getty Images/iStockphoto

Houston

  • Median asking rent: $1,275

  • Income required to afford median-priced apartment: $51,000

  • Estimated median renter household income: $56,177

Read Next: How I Went From Middle Class to Upper Middle Class

Kruck20 / iStock.comKruck20 / iStock.com

Kruck20 / iStock.com

Phoenix

  • Median asking rent: $1,541

  • Income required to afford median-priced apartment: $61,640

  • Estimated median renter household income: $67,302

ESB Professional / Shutterstock.comESB Professional / Shutterstock.com

ESB Professional / Shutterstock.com

Washington

  • Median asking rent: $2,067

  • Income required to afford median-priced apartment: $82,680

  • Estimated median renter household income: $85,336

benedek / Getty Imagesbenedek / Getty Images

benedek / Getty Images

Dallas

  • Median asking rent: $1,529

  • Income required to afford median-priced apartment: $61,160

  • Estimated median renter household income: $61,740

Data is sourced from Redfin and is accurate as of May 2024.

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