How rent in Lubbock compares to apartment costs nationwide

Out of 185 US metropolitan areas, the Lubbock area ranks 136th for the most expensive places to rent, meaning it is one of the cheaper and more affordable places to rent an apartment in the US, according to a ranking from Lawn Love. To determine the rankings, the company used data from Apartment List, Insurance Information Institute, US Bureau of Labor Statistics, and US Census Bureau to compare average rent prices, year-over-year changes, insurance premiums and the percentage of “cost burdened” renters, described as people who pay more than 30% of their income on rent and utilities.

The Lubbock area has one of the lowest average rents in the country at $978 per month. However, 54% of apartment renters are cost burdened in the area, one of the highest rates in the country. The Lubbock area ranks right in the middle of the most expensive areas to rent in Texas, placing 12th out of 23 Lone Star State metro areas considered in the ranking.

Austin-Round Rock is the most expensive area to rent in Texas, coming in 29th nationwide. The average rent in the capital region is $1,658, up 16.3% from last year, and 46.8% of renters are cost burdened. Dallas-Fort Worth-Arlington (No. 49 overall), Waco (No. 64), San Antonio-New Braunfels (No. 83) and Houston-The Woodlands-Sugar Land (No. 86) round out the top five most expensive Texas metro areas.

The most expensive metropolitan area to rent in the nation is New York-Newark-Jersey City, NY-NJ-Pa., according to Lawn Love. The average rent in the Northeastern cities is $2,014, an increase of 16.3% from last year. Additionally, 51% of renters are cost burdened.

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