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.

Original Article Posted at : https://www.moneytalksnews.com/slideshows/top-5-cities-where-rent-has-become-more-affordable/