HTX RealEstateConfidential 2015
Bang For Your Buck

Renters get more for their money in Houston than just about any big city in the nation, new report says

Renters get more for their money in Houston than almost any big city

Houston skyline with buildings day
If you rent, you're getting more for your money in Houston than pretty much any other big city in the country. EverydayHoustonHomes.com

You may be torn on whether to rent or buy in Houston, but one thing's for sure: If you rent, you're getting more for your money here than pretty much any other big city in the country.

According to Zillow, the average monthly cost of a 500-square-foot rental apartment in the Bayou City is $483 (97 cents per square foot). That's an absolute steal compared to New York City, where the same tiny dimensions will run you a whopping $2,250, or San Francisco, which comes in at $1,640.

Of the top 10 rental markets in the nation, Houston ranks just behind Dallas, which has the lowest average monthly cost of $480 for a 500-square-foot rental and rental cost per square foot (only 96 cents).

After Dallas and Houston, the next lowest market is Chicago, but even then the numbers jump up about $150. Denver, Seattle, Los Angeles, Washington, D.C. and Boston round out the most popular rental cities, but their costs aren't nearly as low as those from the Lone Star State.

All that extra dough might come in handy for your next vacation. If you're looking for an affordable summer rental, try Myrtle Beach, South Carolina ($460), and Wilmington, North Carolina ($406), for a good deal.

Otherwise, be prepared to shell out big bucks for a 500-square-foot-rental in Laguna Beach, California ($1,712), or Lahaina, Hawaii ($1,350). And if you only have $500 to spend, forget about Malibu. That rate will only get you 144 square feet.