Top 5 U.S. Cities for the Young, Single & Broke (2024)

Moving into your first apartment is a big deal, and let’s face it—finding a place that fits your budget is like searching for a unicorn.

You want that perfect blend of affordable rent, job opportunities, and a vibrant place to actually meet people.

The good news?

Whether you’re Gen Z, a Millennial, or anywhere in between, there are neighborhoods across the U.S. that are affordable and a great place to start your life.

So, grab your matcha (or energy drink if you’re more of a night owl), and let’s dive into the top 5 budget-friendly neighborhoods for your first big move.

1. East Nashville, TN

Nashville may be known for its honky-tonk bars and country music, but East Nashville is where young professionals and artists are setting up shop.

With affordable rent and a flourishing art scene, this neighborhood is where the cool kids go.

East Nashville is a hotspot for creatives who want to live close to downtown without paying the premium of central locations.

The area is packed with murals, cool coffee shops, and live music venues, giving it the feel of a new age American community. The neighborhood also features historic homes and locally owned boutiques, which add to its charm.

Cost of Living in Nashville

While Nashville’s cost of living is about 5% higher than the national average, East Nashville remains a more affordable option compared to the city’s pricier areas like The Gulch.

The median rent for a one-bedroom apartment in Nashville sits around $1,500, which is relatively lower than many metropolitan hubs.

• Population: 40,000

• Walk Score: 65

• Bike Score: 58

• Job Market: Growing opportunities in tech, healthcare, and music industries

• Lifestyle: Known for its music, trendy eateries, and vibrant nightlife. If you’re into live shows, this is your place.

• Additional Consideration: East Nashville has experienced gentrification in recent years, which may have affected rent prices and the neighborhood's character.

2. Logan Square, Chicago, IL

Love the energy of a big city but don’t have the budget for downtown?

Enter Logan Square.

With its blend of tree-lined streets, historic greystone homes, and bustling nightlife, Logan Square has a bit of everything for a fraction of the cost of downtown Chicago.

The area has plenty of bars, coffee shops, and independent restaurants. Its accessibility to public transportation also makes it a desirable location for commuters heading downtown.

Cost of Living in Chicago

The Windy City’s cost of living is 19% higher than the national average, with housing being a significant factor.

However, Logan Square stands out as one of the more affordable neighborhoods for young adults, particularly compared to areas like River North or Lincoln Park.

The average rent for a one-bedroom apartment here is about $1,400, lower than the city’s median of $1,800.

• Population: 72,000

• Walk Score: 87

• Transit Score: 70

• Job Market: Strong in finance, tech, and education. Chicago is one of the country’s business hubs.

• Lifestyle: A lively neighborhood with parks, art murals, and a killer food scene.

3. Capitol Hill, Denver, CO

If you're a fan of the outdoors and city life, Denver is the dream, and Capitol Hill is perfect. The rent’s reasonable, and you’re close to everything from grocery shops to hiking trails.

Located just southeast of downtown Denver, Capitol Hill is known for its walkability and proximity to both city amenities and outdoor activities.

It’s a great spot for people looking for a blend of culture, nature, and city life.

The neighborhood has a unique mix of Victorian homes, art galleries, and trendy cafes, giving it a lively yet laid-back atmosphere.

Cost of Living in Denver

Denver’s cost of living is about 12% higher than the national average, but Capitol Hill remains a relatively affordable neighborhood for renters.

The average rent for a one-bedroom apartment in Denver is approximately $1,600, with Capitol Hill offering slightly lower prices at around $1,300.

The job market in Denver is growing, especially in tech, healthcare, and renewable energy.

• Population: 20,000

• Average Rent: $1,300

• Walk Score: 93

• Bike Score: 91

• Job Market: A hub for tech and renewable energy jobs

• Lifestyle: For those who want a mix of city and nature. Bars, coffee shops, and parks are everywhere.

4. The Pearl District, Portland, OR

A former industrial area turned neighborhood, The Pearl District is known for its upscale lofts, boutique shops, and arts scene.

With its proximity to downtown and excellent public transportation, it’s a favorite for those looking for a true city experience.

The neighborhood’s trendy restaurants, galleries, and parks create a perfect blend of modern city life and outdoor fun.

Cost of Living in Portland

Portland’s cost of living is 26% higher than the national average, with housing costs being the primary driver.

In the Pearl District, the average rent for a one-bedroom apartment is around $1,900, higher than Portland’s average rent of $1,600.

Despite the higher cost of living, Portland’s growing job market in tech, sustainability, and creative industries draws many young professionals.

• Population: 7,000

• Average Rent: $1,900

• Walk Score: 97

• Transit Score: 88

5. Riverside, Jacksonville, FL

Jacksonville’s Riverside neighborhood offers affordable living without sacrificing on fun. It’s a mix of historic homes and modern apartments, with plenty of local eats and things to do.

This historic neighborhood along the St. Johns River is known for its picturesque streets and local eateries.

The neighborhood offers a mix of architectural styles, including Mediterranean, Colonial Revival, and Prairie School

The Riverside Arts Market and scenic views by the river give the area a unique charm, blending historic elegance with modern conveniences.

Cost of Living in Jacksonville

Jacksonville offers one of the more affordable living standards among large U.S. cities, with the cost of living sitting 6% below the national average.

The average rent in Riverside is approximately $1,546, which is considerably lower than the national rent average. Jacksonville’s job market is robust, particularly in healthcare, logistics, and finance.

• Population: 15,000

• Walk Score: 79

• Bike Score: 68

• Job Market: Healthcare, financial services, and logistics industries are booming here.

• Lifestyle: The St. John’s River is a focal point for the area. You can enjoy riverside walks, markets, and live music.

• Local amenities: Riverside is home to numerous parks, restaurants, shops, and cultural attractions like the Cummer Museum of Art & Gardens.

Finding Your Perfect Neighborhood

These neighborhoods offer affordable rent, job opportunities, and a vibrant lifestyle perfect for someone making their first big move.

So, whether you’re an artist, a techie, or somewhere in between, there’s a spot for you.

Need more tips?

Subscribe to Apartment Essential for the latest advice on apartment hunting, moving, and setting up your first space like a pro.

We’ll help you make your new place feel like home.