These are the Most Affordable Neighborhoods for Renters Living Alone

 

Oh, Valentine’s Day. A time where people ask themselves all kinds of important questions, such as “Should I make plans if we’ve only been on three dates?” and “How am I going to afford this fancy dinner/romantic vacation/other thing that makes my partner feel appreciated?” Fortunately, for those who want to side step the hassle of the day, there are plenty of alternatives. Throw a Galentine’s Day bash, take yourself on a lavish night out, or sprawl out in the living room with a new Netflix series and stretchy pants, ideally without fears of nosy roommates interrupting your me-time.

Living alone is a dream for many renters, and some may think it’s a luxury they could never afford. However, depending on where you live, some areas may be more affordable for singletons than others. This Valentine’s Day, HotPads found the neighborhoods in three major cities – Chicago, Atlanta and San Francisco – where a renter making the city’s median income can most afford living alone in a one-bedroom apartment. Experts recommend spending 30 percent or less of your gross income on rent, and in some areas, this is totally doable for the typical single renter.

In the city of Chicago, the median rent for a one-bedroom apartment is $1,784 a month, which means renters making the city’s median annual income ($39,380) who want to live alone need to spend about 54 percent of their paycheck on rent. However, neighborhoods south of the city core like Park Manor, Gresham, Marquette Park and Brainerd are much more budget-friendly. Renters in these areas can score a one-bedroom apartment for less than 30 percent of the city’s median income.

Atlanta is quite similar to Chicago in terms of affordability for singles. Renters in Atlanta can expect to pay $1,570 a month for a one-bedroom, which adds up to about 51 percent of the city’s median annual income ($37,310). Atlanta’s single renters can anticipate a better deal in neighborhoods like Greenbriar, Peachtree Hills, East Chastain Park and Princeton Lakes, where a typical one-bedroom apartment costs anywhere from 32 percent to 42 percent of the city’s median income.

San Francisco singles don’t have it quite as easy, though. The city’s median rent for one-bedroom apartments is $3,380 a month, while the city’s median income is $51,780 a year. This means renters in San Francisco can expect to spend a whopping 78 percent of their income on rent if they want to live alone. In fact, the closest place renters can expect to find one-bedroom apartments for less than 30 percent of the city’s median income is in Dixon, California – over 65 miles away from San Francisco.

For the record, the median rent for a one-bedroom apartment in Dixon is $1,150 a month, and the drive from Dixon to San Francisco can take between an hour and an hour and twenty minutes, one way, without traffic. Let’s cross our fingers that single renters in Dixon get good gas mileage.

Want more details on the most affordable neighborhoods for singles? Check out our full analyses on Atlanta, Chicago and San Francisco.

 

Atlanta’s Most Affordable Neighborhoods for Single Renters

Neighborhood Median One-Bedroom Rent Share of Median Income Spent on Rent[i]
City of Atlanta $1,570 50.5%
Greenbriar $1,002 32.2%
Peachtree Hills $1,065 34.3%
East Chastain Park $1,138 36.6%
Princeton Lakes $1,149 37.0%
Lindridge/Martin Manor $1,183 38.0%
Marietta Street Artery $1,193 38.4%
Blandtown $1,248 40.1%
Paces $1,255 40.4%
Brookwood $1,295 41.7%
Virginia-Highland $1,295 41.7%

 

Chicago’s Most Affordable Neighborhoods for Single Renters

Neighborhood Median One-Bedroom Rent Share of Median Income Spent on Rent[ii]
City of Chicago $1,784 54.4%
Park Manor $713 21.7%
Gresham $750 22.9%
Marquette Park $750 22.9%
Brainerd $750 22.9%
Chatham $775 23.6%
East Chatham 800 24.4%
Washington Park $830 25.3%
Belmont-Cragin $895 27.3%
Mayfair $900 27.4%
Kilbourn Park $925 28.2%

 

Rental Affordability for Singles near San Francisco

City Miles from San Francisco Median One-Bedroom Rent Share of San Francisco’s Median Income Spent on Rent[iii]
Dixon 66 $1,150 26.7%
Concord 31 $1,695 39.3%
Hayward 27 $1,864 43.2%
Richmond 18 $2,074 48.1%
Oakland 12 $2,100 48.7%
Fremont 38 $2,200 51.0%
Daly City 10 $2,300 53.3%
Berkeley 14 $2,400 55.6%
San Mateo 20 $2,500 57.9%
San Francisco 0 $3,380 78.3%

 

Rental Affordability for Singles in San Francisco, by Neighborhood

Neighborhood Median One-Bedroom Rent Share of Median Income Spent on Rent[iv]
City of San Francisco $3,380 78.3%
Tenderloin $2,464 57.1%
Downtown $2,698 62.5%
Inner Sunset $2,795 64.8%
Nob Hill $2,800 64.9%
Haight-Ashbury $2,863 66.3%
Inner Richmond $2,873 66.6%
Noe Valley $2,980 69.1%
Twin Peaks $2,995 69.4%
Lower Pacific Heights $3,047 70.6%
Telegraph Hill $3,100 71.8%

 

[i] Based on the city of Atlanta’s median income from the Bureau of Labor Statistics ($37,310 annually)

[ii] Based on the city of Chicago’s median income from the Bureau of Labor Statistics ($39,380 annually)

[iii] Based on the city of San Francisco’s median income from the Bureau of Labor Statistics ($51,780 annually)

[iv] Based on the city of San Francisco’s median income from the Bureau of Labor Statistics ($51,780 annually)