The 10 Worst Cities for Renters

worst cities for renters
worst cities for renters

After the housing bubble burst, thousands of families found themselves saddled with underwater mortgages, peak interest rates and a serious shortage of qualified buyers. For the first time in several generations, renting seemed like a welcome alternative for struggling homeowners.

But depending on where and how you're living, renting can be just as -- if not more expensive -- than owning.

According to new findings from Harvard University's Joint Center for Housing Studies, almost half of renters spend more than 30 percent of their monthly income on rent. Of that group, 26 percent spend more than half their monthly income.

By finding cities with the highest percentage of tenants spending more than half their income on rent, Bloomberg Businessweek identified the 10 worst cities for renters –- and it isn't the lineup of usual suspects.

(Click the gallery after the jump to see the list.)