Stamford is the most desirable city in the Northeast for renters according to a recent study from RentCafe. But while two Connecticut cities make the top ten most desirable cities for renters in the Northeast, the region cannot compete with other areas of the country.
Stamford was also the only Northeast city ranked among the top 50 nationally, coming in at 47. RentCafe’s annual ranking of the nation’s best cities for renters looked at factors like the cost of living, average apartment size, unemployment rate, and school quality to rank cities across the country.
Cities in the South claimed 38 out of 50 spots on the list, with Charleston, South Carolina receiving the rating as the best city to rent in.
According to RentCafe, competition for apartments is making it difficult to find apartments in the Northeast. The region also has a comparatively higher cost of living and cost of housing.
Stamford ranked above Pittsburgh, which came in second, and Boston, which came in third, as the best city for renters in the Northeast. New Haven also ranked as the tenth-best city in the Northeast for renters.
According to RentCafe, the average rent in Stamford is $2,791 and the average apartment size is 922 square feet. Housing costs are 69 percent higher than the national average and 37 percent higher than the Connecticut average. Overall, Stamford was ranked 47 out of 149 cities.
By contrast, the average rent in Boston is $3,842 and the average apartment size is 814 square feet. Housing costs are 121 percent higher than the national average and four percent higher than the Massachusetts average.
The study also ranked Stamford as having the tenth highest quality of life for renters, noting the city has a “large share of apartments in prime locations, offering renters the advantage of picturesque surroundings.”
Other areas of Connecticut did not fare as well in the study, with Hartford ranking as the city with the worst local economy. Overall, Hartford ranked 143 out of 147 cities.
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