It's hard out there for a renter. With the economy still on the slow side, the competition for affordable apartments is fierce. Especially if you're looking to move (or, for that matter, stay) in a metropolitan area. We hate to break the news this way but: your rent is most likely going to go up. Sigh.
MSN released their roundup of the 10 American cities where rent is expected to rise the most. You won't be surprised that San Francisco is on there, but Dallas? Hm. Drawing their statistics from Reis, a real estate reporting firm, these locations may seem like a random bunch at first glance. And surprisingly, none of them make it on a similar list that ABC recently released of the most expensive cities for renters in general -- which was based on a study conducted by Bankrate..
While it's unlikely that a bump in price will send residents packing, the sticker shock just might have renters considering home ownership (perhaps outside of the city limits). Yes, there is the hurdle of the down payment. But if you have the money in the bank, mortgage rates are at an all-time low. So you might want to check out Kiplinger's list of the cheapest US cities to live in, just in case you're on the lookout for private property.
To read more about the findings on these cities, head on over to MSN.
10 Cities Where Rent Will Rise The Most
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