In the US, more than half of young adults still reside with their parents. After the pandemic caused the cost of living to soar, this percentage increased even further. Many people under 45 find it difficult to pay their rent or live independently in major cities like New York, Miami, or Los Angeles. Even if housing prices are declining, it is still exceedingly difficult for millennials to save for a down payment, leaving them locked in a rent-only situation. The highest and lowest rental rates in the US are displayed on this map. You can still find a one-bedroom apartment for under $1,000 in a lot of different cities. To mention a few, there are places like Laredo, Texas; Shreveport, Louisiana; Oklahoma City, Oklahoma; and Wichita, Kansas. See which cities on this list had rentals that were four times higher than those in the cities with the lowest rankings.
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