Huntsville one of country's top cities for renters according to new study

downtown renters — Huntsville is one of the country’s best cities for renters. (Lacey Muenstermann / Hville Blast)

A recent study by financial wellness publication WalletHub reveals that Huntsville is one of the top cities in the U.S. for renters. The publication has Huntsville listed no. 8 on its list of Best + Worst Places to Rent in America.

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WalletHub names Huntsville among top cities for renters

nexus 10 — Nexus on Holmes is a recently built apartment complex in Huntsville. (Hville Blast)

WalletHub’s top 10 cities for renters is dominated by Arizona, with four cities in the top 10 (and holding the 1-3 spots on the list). Here’s the top 10:

Scottsdale, Arizona
Gilbert, Arizona
Chandler, Arizona
Overland Park, Kansas
Colombia, Maryland
Peoria, Arizona
Bismarck, North Dakota
Huntsville, Alabama
Sioux Falls, South Dakota
Amarillo, Texas

How did WalletHub come up with the list?

Vetra — Rental inventory is a main factor in the walletHub methodology, and several new apartment complexes have been built recently in Huntsville. (Hville Blast)

WalletHub compared 182 cities—including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state—using 21 different metrics split between two categories: Quality of Life and Rental Market + Affordability.

The metrics include:

Rental Market + Affordability

Share of Renters
Rental Vacancy Rate
Sublet Laws
Average Home Square Footage
Share of Newer Homes
Rental Affordability
Share of Apartment Community Pillar Listings
Historical Rental Price Changes
Share of Severely Cost-Burdened Renter Households
Average Annual Renters-Insurance Premium
Rent-to-Price Ratio
Cost of Living
Security-Deposit Limit

Quality of Life

City Satisfaction Index
Job Market
Driver Friendliness
Recreation Friendliness
Weather
Quality of Public Schools
Safety
Presence of State Bedbug Laws

““In the best cities for renters, rent can cost you as little as around 15% of your income. You’ll also have access to robust laws that protect renters, such as limiting deposits to only a month or two of rent. Our study also considers quality-of-life factors such as a city’s traffic congestion, job market or recreation options to make sure you can get a good living experience, not just inexpensive housing.”

_{Chip Lupo, WalltHub analyst}

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