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Manhattan: Rent
Manhattan: Rent
Average list price: $1,579,748
Average monthly rent : $3,742
Price to rent ratio: 35.18
Manhattan topped Trulia's list of the best cities to rent, with sky-high prices making it far less practical for residents to purchase a home.

An average $3,700 a month to rent a home in Manhattan isn't cheap. But compare that to what it costs to buy that same home -- an average $1.7 million -- and it might make you a little more hesitant to break your lease.

"The big renter cities are the ones where home prices are the highest, so there's no surprise with New York," said Ken Shuman, a spokesman for Trulia. "Home prices are starting to come down in New York but it's still a lot cheaper to rent."

NEXT: Detroit: Buy
Last updated October 11 2010: 11:53 AM ET
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30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
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30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
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