You can get slightly more bang for your buck if you head for the suburbs or down south to Tucson.
The big picture: The rental market is thriving because homes for sale are limited and interest rates are high. Gen Zers are also prioritizing location over home size, Doug Ressler of real estate research firm Yardi Matrix tells Axios.
The median U.S. renter is spending close to 30% of their monthly income on an average rent, per the latest report from Moody's Analytics, an economic research firm.
Yes, but: It's still cheaper to rent than buy in the vast majority of the country, a new Redfin report shares.