Most Affordable Rental Markets in the U.S. for 2025
Affordable rental markets play a crucial role in successful multifamily investing. Cities with low rental costs, strong job growth, and increasing population provide the ideal environment for long-term property appreciation and stable cash flow.
RealPage recently published a report highlighting the 10 most affordable large rental markets in the U.S., with six located in Midwestern cities and four in the South. While affordability is a key factor, real estate investors should also consider economic growth and demographic trends before entering a market.
Most Affordable Rental Markets in the U.S.
The national average rent in the U.S. is $1,805, with the most affordable large rental market being Greensboro/Winston-Salem, where rents average $1,209 per month. In contrast, New York City remains the most expensive rental market, with an average rent of $4,500.
Affordable Rents and Population Growth Trends
Affordability alone doesn’t make a market a good real estate investment opportunity, job and population growth are equally important. According to Census.gov, New York lost 1% of its population in 2022, while Texas continues to see rapid growth, with more than three of its cities ranking among the top 15 fastest-growing MSAs (Metropolitan Statistical Areas):
- San Antonio
- Fort Worth
- Austin
These trends indicate shifting demand toward lower-cost, high-growth markets, making them prime locations for multifamily real estate investments.
Why We Invest in San Antonio
At CREE Capital, we focus on affordable rental markets with strong economic fundamentals. That’s why we’ve invested in two properties in San Antonio:
- Sedona Canyon
- Regatta Apartments (our newest deal offering)
San Antonio offers:
- Affordable rents that attract a stable tenant base
- Rapid population and job growth, supporting long-term demand
- A business-friendly environment, making it an attractive market for investors
As real estate investors, understanding which markets offer both affordability and growth potential is essential for maximizing cash flow and appreciation.
Explore Investment Opportunities
At CREE Capital, we specialize in multifamily investments in high-growth, affordable markets. Learn more about our current and future opportunities:
🔹 CREE Capital
🔹 CREE Capital Fund
If you’re looking to invest in high-performing multifamily properties, now is the time to explore markets that offer affordability, demand, and long-term upside.
