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Cheapest State for Rent in the US The least expensive state for rent is West Virginia with an average rent price of $800.
After a surge of three-month leases in March and April a 25 percent increase over the same time last year the number of May and June leases has begun to normalize, with the vast majority of contracts being signed for six months or longer.
As a general rule of thumb, a short-term tenancy is usually a rental property that is being offered to the market for six months or less. Tenancies ranging from 6 months to a year are commonly marketed as medium-term rentals, with anything over a year deemed to be a long-term let.
The median monthly gross residential rent in West Virginia was $727 in 2019 according to the Census ACS survey. Average gross rent was $617 in 2019.
The overall cost of living in West Virginia is about 10 percent below the national average, and it's much lower in certain cities and towns.
While Consumer Affairs Victoria says a fixed-term lease is for a set period of time, usually six or 12 months the same organisation released a report in 2016 that revealed only 7 per cent of people interviewed had a six-month lease when they moved into their rental, while a whopping 85 per cent signed up for 12
While West Virginia is generally considered a low cost-of-living state, according to the ACS, the median income for a married-couple family in West Virginia was $58,220. That means the typical family would have to spend nearly every dollar it has just to live comfortably.
In most cases, there are no restrictions against renting two (or more) apartments at the same time. As long as you can meet all of the obligations under your lease, and continue paying your rent for all apartments, then there shouldn't be any issues.
According to data from the West Virginia Department of Commerce, West Virginia's cost of living is 94.4, or 5.6 percent below the national average. West Virginia's price for an average home is 38.5 percent below the national average and one-third the price of homes in the Washington, D.C., area.
Notice to Terminate Tenancy Month to Month Lease: For any lease under the term of one year, either party can terminate the lease by providing the other party written notice prior to the end of the lease. For a month to month lease, 30 days must be given.