Memphis Tops in Vacancy Rates

If you want to know where the best rental prices are, follow the record-high rental vacancy rates.

Get to the home of Elvis Presley. For the second quarter of 2009, Memphis had the highest vacancy rate in the country.

While the U.S. Census Bureau doesn't list what rental rates are in the cities it surveys, its report on residential rental vacancies, along with related reports, show where rental vacancies are highest in the country, and could be a good lead to finding inexpensive rentals or housing rentals that could be more easily turned into home purchases for renters.