More than one-third of U.S. households are renting their residence, The Zebra reports. These 44.1 million households pay around $485 billion in rent each year. On top of this, renters insurance will run the average household around $148 annually.
With this much at stake financially, renters have to weigh their options thoroughly when deciding where to live. While many may choose to live in apartments or multi-unit housing, some prefer to rent a standalone, single-family house.
The benefits of renting a house can include more privacy, more storage space, better parking and, for some, the possibility of buying the home eventually if the landlord is interested in renting-to-own.
However, rental homes may be farther from the city center and local amenities than apartments and require more upkeep (like yard work). Renting a house also comes with a bit less stability, as landlords could decide to sell on short notice if the local housing market gets hot.
As of November 2024, RentCafe reports that Washington, D.C. was the U.S. city with the most rental activity, followed by Cleveland, Atlanta, Minneapolis and Cincinnati.
For renters in larger areas, single-family rental homes may be a bit harder to come by, but they often offer significantly more space for residents and their families than apartments. In the slideshow above, we’ll look at which U.S. metro areas offer the most spacious single-family rental homes, according to research from Point2Homes.
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