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Realtors Predict Rent Prices Will Plummet in These 8 Popular Retirement Towns

Retirees may soon have some more affordable options to choose from when looking for a rental property.

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Updated July 2, 2025
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Many people 65 and older are eager to financially unburden themselves of responsibilities like homeownership so that they can settle into a stress-free retirement.

Ideally, that means finding an affordable rental property somewhere that still offers all the amenities you could want during your retirement — like a large population of fellow retirees, access to great healthcare, and temperate climates — at a lower cost than they are paying now.

We spoke with several real estate professionals to find out where they predict retirees can see lower rent prices in the near future.

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Coachella Valley, California

Kamil/Adobe college of the desert

Situated in the scenic high desert in eastern California, plenty of places in the valley are very affordable. While Palm Springs has become a pricey retirement community, surrounding towns like La Quinta or Palm Desert are less expensive.

According to Holden Andrews, founder of Helpful Home Group, major selling points are weather and proximity to larger cities. "The weather being mild most of the year, no harsh winters, access to great health care, a big community of retirees already, a pretty much-unlimited number of golf courses, and relative proximity to LAX, this makes the Coachella Valley incredibly attractive."

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Hot Springs, Arkansas

SeanPavonePhoto/Adobe hot springs arkansas usa

As the name suggests, this city features natural hot springs. With the Ouachita Mountains as its backdrop, Hot Springs has a below-average cost of living and one of the country's strongest purchasing power parity levels, according to Alexi Morgado, founder of Lexawise Real Estate Exam Prep.

Morgado says that this area has below-average cost of living in most respects, but most importantly, the cost of housing is lower. "Outdoor activities in the area include hiking, boating, and fishing," he adds.

Englewood, Florida

Mark Lotterhand/Adobe florida life-englewood

Englewood is a charming and peaceful beach city located on the western side of the state, and Florida's tax laws and plenty of leisure activities add to its appeal.

"It has a moderate cost of living, and Florida has lenient tax laws — no state income tax — which further makes it an attractive option," Morgado says. "There are health facilities and other leisure sports such as golfing and fishing."

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Charleston, West Virginia

Christopher Boswell/Adobe long panoramic view

West Virginia's state capitol is the ideal retirement spot if you're looking for an affordable city for outdoor activities. Not only are you close to numerous trails, parks, and state forests, but Charleston's median home prices are also below the national average.

Housing in this town is affordable, according to Morgado, who notes that costs fall well below the national average. "That, plus West Virginia's plans to phase out all taxation of Social Security benefits starting in 2026, are strong points in its financial favor."

Scottsdale, Arizona

tim/Adobe scottsdale arizona downtown phoenix

With over 300 sunny days a year, more than 200 golf courses, and miles of hikeable trails, this city is an outdoor paradise. This area has become a popular destination for retirees for quite some time thanks to Arizona's appealing tax laws.

"Although the overall cost of living is higher than the national average, Arizona's extremely low state tax rates make the state a comparative bargain for retirees relocating from higher-tax states," according to Morgado

Traverse City, Michigan

SNEHIT PHOTO/Adobe boats at Traverse city marina Michigan

Situated on the shores of Lake Michigan at Traverse Bay, this affordable city is a water enthusiast's dream. Beyond the aquatic activities, there's plenty to fall in love with for retirees who want to stay active.

"The living cost is affordable, and the city ensures that quality health facilities are provided," Morgado says. "With many lakes and parks, there are numerous opportunities for boating, fishing, and hiking activities that active retirees can enjoy in nature."

Naples, Florida

jovannig/Adobe Naples, Florida. Aerial view

This thriving beach town boasts that quiet luxury that so many retirees covet. While the city is a bit pricer than other spots in Florida, it's appealing to those moving from high-tax states who want to keep a similar lifestyle that is made more affordable due to a lack of state income tax.

"The area boasts beautiful beaches, good medical facilities, and a lively cultural scene," Morgado says. "Retirees are attracted to Naples despite its above-average cost of housing for the desirable luxury and quietness the city has to offer."

San Antonio, Texas

f11photo/Adobe river walk in San Antonio

With affordable housing, warm weather, high-quality healthcare, and a vibrant culture, San Antonio has it all. No state income tax, coupled with some of the best medical facilities in the state, makes this an enticing retirement spot.

"Plus, we have the added benefit of being home to some of the best medical facilities in Texas," says Levi Rodgers, owner of VA Loan Network. "For retirees, proximity to good healthcare is huge. Pair that with our walkable neighborhoods, like those near the Pearl District, and it's easy to see why San Antonio is an attractive option."

Add in the fact that San Antonio is a welcoming and interconnected community, and it's easy to see why this location is a prime retirement destination for anyone looking for a rental in a new town.

Bottom Line

f11photo/Adobe senior couple holding keys

Maximizing your retirement savings means avoiding money mistakes that can drain your accounts. Renting is a great way to reduce risk and increase cash flow if you pick the right location.

But, ensuring that you're renting in a town that is still going to allow you to pursue your retirement dreams is also important, so you may want to dive a little deeper into what these towns have to offer you before you move.

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