Top 5 Cities Where Rent Has Become More Affordable

This story originally appeared on SmartAsset.com. Affordability issues generally affect renters more than homeowners. More than 40% of renters pay more than one-third of their household income on rent compared with just 24% spent by homeowners on their mortgage, according to a February 2020 survey by Freddie Mac. But depending on where they live, renters can lower the burden of their housing costs.

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