Homebuyers and renters around the country are facing a challenging landscape in terms of affordability, and a recent report identified seven markets where conditions make renting a significantly more affordable option than buying.

An analysis by Apartments.com identified the cities of Austin, Texas; Sacramento, California; Denver, Colorado; Portland, Oregon; Baltimore, Maryland; Salt Lake City, Utah; and Orlando, Florida, as metro areas where the average monthly rent is noticeably lower than the median monthly mortgage payment.

The two markets that top the list, Austin and Sacramento, shared the distinction of having average rents that are…

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