Looking to live in Vermont without breaking the bank? While Vermont is known for its picturesque landscapes and small-town charm, finding an affordable place to live can be a challenge. That’s why we’ve done the homework for you.
Below are four of the most affordable cities in Vermont, ordered from the lowest to highest average rent. Whether you’re a young professional, a family, or someone seeking a peaceful retirement, these towns offer a mix of affordability, employment opportunities, and local attractions that make them worth considering.
1. Springfield
Average rent: $1,563
Springfield tops our list as one of the most affordable cities in Vermont, with an average rent of $1,563. One-bedroom apartments in Springfield go for an average of $1,425, and two-bedrooms cost about $1,700. This makes Springfield a great option for those looking for affordable housing without compromising on space.
Major employers in Springfield include the Springfield Medical Care Systems and the local school district, providing stable job opportunities. On a nice day, you can explore the stunning Muckross State Park or take a leisurely stroll along the Toonerville Trail. The town’s downtown area is also charming, with locally-owned shops and cafes that give it a quaint, welcoming vibe.
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2. Rutland
Average rent: $1,625
Next up is Rutland, where the average rent sits at $1,625. One-bedroom apartments are available at about $1,750, while two-bedrooms are slightly cheaper at $1,500. Rutland offers a unique affordability dynamic—families or roommates seeking a two-bedroom unit can enjoy lower rental costs.
Rutland is home to several major employers, including Rutland Regional Medical Center and Green Mountain Power. Pine Hill Park is a local favorite for hiking and mountain biking. In winter, you can ski at the nearby Pico Mountain. Beyond that, the Rutland Farmers Market is a great place to pick up local produce and handmade crafts without spending a fortune.
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3. Winooski
Average rent: $1,625
Winooski’s average rent matches Rutland’s at $1,625, but the rental spread is slightly different. With one-bedroom apartments averaging $1,545 and two-bedroom units at $1,705, Winooski offers affordable options for those who prefer a smaller town feel close to Burlington. The cost of dining out and groceries is generally lower than in larger cities in Vermont, making it easier to stick to a budget.
Winooski’s proximity to Burlington means easy access to job opportunities, with employers like the University of Vermont providing jobs and adding a college town vibe to the area. The city itself has a growing tech scene, providing opportunities in various startups. For some affordable outdoor fun, the Winooski River Walk offers scenic views and a peaceful escape right in town.
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4. South Burlington
Average rent: $1,850
Rounding out the list is South Burlington, where the average rent is higher at $1,850. One-bedroom apartments in South Burlington go for about $1,500, but two-bedroom units are pricier at $2,200. Despite being the most expensive city on our list, South Burlington remains affordable compared to many other parts of the state, especially considering its proximity to Burlington and Lake Champlain.
South Burlington is a hub for employment, with major employers like Ben & Jerry’s, University of Vermont, and GlobalFoundries located nearby. The city also has a variety of free and inexpensive activities. Red Rocks Park is perfect for hiking and swimming in Lake Champlain, and the South Burlington Recreation Path provides miles of scenic walking and biking trails.
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Methodology
All cities must have over 8,000 residents per the US Census and have an average rent price under or within $300 of the median rent price for the state – which is $1,558 per month according to Redfin data. Average rental data from Rent.com July 2024.
Source: rent.com