2 of 12
BACKNEXT
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
The yuppie dream house? The upper-middle class lifestyle has many trappings, including the house. Here's what 4-bedroom, 2-bath homes in good neighborhoods cost across the country. More
Inside Jerry Garcia's houseThe last home of the Grateful Dead's lead guitarist is on the market. The expansive Mediterranean, found in the hills north of San Francisco, is going for a cool $4 million. More
8 vacation homes to buy now The best vacation-home buying season is fall, when prices are cheapest. This year, low mortgage rates make the deals even better. Here are 8 good options. More
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.98%4.08%
15 yr fixed3.09%3.11%
5/1 ARM3.20%3.22%
30 yr refi4.06%4.16%
15 yr refi3.17%3.20%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.