BEAUMONT, Texas — Beaumont is the seventh most affordable city in the country for home renters, according to new data.
Beaumont is tied for seventh place with Louisville, Kentucky.
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Most home renters in Beaumont pay an average of $1,200 a month. For the report, Rentals.com looked back at historical data for all single-family home rentals over the past two years in its database to determine a median home value in each core-based statistical area.
Brian Carberry, Senior Managing Editor at Rentals.com, says Beaumont is a desirable place for people looking to rent a house, which may create competition for some renters.
"The average price for a two-bedroom apartment in the area is right around $1,050 so, while a house may be slightly more expensive, it provides some more freedom and space, which is a major draw for renters today," Carberry said.
The data is part of a recent report from Rentals.com, one of three brands under the RentPath umbrella alongside ApartmentGuide and Rent.com.
Full Rentals.com 2021 study:
1. Greeneville, TN: Rental homes are typically available for 71 cents per square foot and average about $763 a month.
2. Lubbock, TX: Renters can expect to pay around $990 a month on average for a rental home. Most properties are available for just over 80 cents per square foot.
3 (tied). Hickory, NC: Rental homes go for about $1,000 a month, and most rental property is priced at 80 cents a square foot.
3 (tied). Ocala, FL: Rental homes go for 83 cents a square foot and rent in the city averages $1,000 a month.
5. Little Rock, AR: Renters can expect to pay 73 cents a square foot, with rent in the city averaging about $1,100.
6. Homosassa, FL: Most will pay an average of $1,195 a month, with most rental homes going for about $1 a square foot.
7 (tied). Beaumont, TX: Rent prices average $1,200 a month, with most homes priced around 79 cents a square foot.
7 (tied). Louisville, KY: Rent prices average $1,200. Most rental homes go for 90 cents per square foot, and there are hundreds of properties available.
9 (tied). Augusta, GA: Rental homes in Augusta, Georgia's second-largest metro, average $1,250 a month and 77 cents a square foot.
9 (tied). Cleveland, OH: Median rent prices are $1,250 and average about 89 cents per square foot.
