Thinking about where to spend your golden years? You’re not alone—more seniors than ever are considering new places to call home, and many are turning to renting over buying. According to a 2024 rental housing report by the Joint Center for Housing Studies at Harvard University, the number of renter households headed by someone age 65 or older jumped by 43% from 2010 to 2022.
Recently, Newsweek reported that renters aged 55 and above are the fastest growing segment in the United States rental market. With the senior rental market exploding nationwide, many renters are exploring retirement destinations outside of Florida. From cozy cottages and apartments to amazing senior housing facilities, today’s retirees have a wide range of options. Whether you prefer scenic mountain towns or bustling urban centers, you can find a place that fits your lifestyle and budget.
Let's take a look at five cities that are worth checking out. We will explore what makes each one special, looking at affordability, activities, tax benefits, and community life to help you discover your perfect post-career home.
1. Chattanooga, Tennessee
Nestled along the Tennessee River and surrounded by mountains, Chattanooga offers a scenic and active retirement. Named one of Livability’s 2025’s Best Places to Live, this city combines outdoor adventure with a growing arts and culture scene, providing a balanced lifestyle for renters.
Cost of living and housing in Chattanooga, TN
Chattanooga is an attractive option for seniors looking to stretch their savings further. The overall cost of living is 12.5% below the national average, making daily expenses like groceries and healthcare more manageable. With rent prices 23% lower than the national average, your dollars can go a long way.
Perhaps the biggest financial benefit is Tennessee's tax-friendly environment. Like Florida, the state has no income tax, so your retirement income from pensions, Social Security, and 401(k)s is not taxed at the state level. This can lead to significant savings each year.
Things to do in Chattanooga, TN
You will never run out of things to explore in Chattanooga. For nature lovers, the city is a paradise. You can walk or bike along the 16-mile Riverwalk, which runs through downtown and offers beautiful views of the water. Lookout Mountain provides access to attractions like Rock City and Ruby Falls, along with miles of hiking trails.
The city also has a lively downtown area. The Bluff View Art District is a charming neighborhood filled with art galleries, cafes, and gardens perched on a cliff overlooking the river. You can also catch a show at the historic Tivoli Theatre or visit the Hunter Museum of American Art.
2. Savannah, Georgia
With its historic charm, cobblestone streets, and moss-draped oak trees, Savannah feels like a city from another time. It offers a relaxed pace of life combined with a rich cultural history, making it an enchanting place to retire.
Cost of living and housing in Savannah
While rent prices in Savannah are only 5.5% less than the national average, the further you rent from the historic district, the more budget-friendly the pricing. Savannah’s cost of living is 8.2% below the national average, and Georgia’s tax-friendly policies make it an attractive choice for seniors.
Things to do in Savannah
Living in Savannah means being surrounded by history and beauty. You can spend time strolling along the city's 22 historic squares, each with its own unique character. Forsyth Park, with its iconic fountain, is a popular spot for a leisurely stroll or a picnic.
The city has a prominent food scene, with everything from traditional Southern cooking to modern coastal cuisine. Community events are common, including the Savannah Music Festival and various art walks. For a day trip, the beautiful beaches of Tybee Island are just a short drive away, offering a perfect coastal escape.
3. Baton Rouge, Louisiana
Baton Rouge offers seniors the charm of Southern living with modern city conveniences. This capital city is known for its friendly vibes, picturesque riverfront, and cultural festivities.
Cost of living and housing in Baton Rouge
The cost of living in Baton Rouge is 9.6% below the national average. Rent, on the other hand, is 37% lower, making everyday expenses like groceries and healthcare easier to manage.
Louisiana exempts Social Security benefits from taxation and offers additional exemptions for pensions and other retirement income. This, combined with affordable living costs and a slower pace of life, makes Baton Rouge a standout destination.
Things to do in Baton Rouge
More than a place to experience Mardi Gras, Baton Rouge provides a lifestyle rich with opportunities: stroll the scenic Mississippi Riverwalk, explore fascinating museums like the Louisiana Art & Science Museum, or catch live jazz in downtown venues.
Food lovers will find plenty to savor, with Baton Rouge’s blend of Cajun, Creole, and contemporary cuisine featured in both acclaimed restaurants and casual eateries. With an average annual temperature of 68 degrees, outdoor enthusiasts can enjoy nearby parks, gardens, and nature trails year-round.
4. Austin, TX
Austin is famous for its live music scene, earning it the nickname "Live Music Capital of the World." The city also boasts a growing food culture, numerous outdoor activities, and iconic special events.
Cost of living and housing in Austin, TX
While the cost of living is just 4% lower than the national average, rent prices are a bigger bargain at 15% below the national average. In Austin, you can expect to pay less for items such as groceries and healthcare. Additionally, there’s no state income tax, so Social Security benefits and retirement income stretch further.
Things to do in Austin, TX
Austin is a playground for music lovers, foodies, and outdoor enthusiasts alike. You can explore the city’s iconic live music scene at venues like the Continental Club or catch a show at the Moody Theater.
For nature lovers, a visit to Zilker Park offers opportunities for kayaking, paddleboarding, or simply relaxing by Barton Springs Pool. Food trucks and local eateries serve up everything from world-class barbecue to innovative vegan dishes, ensuring there’s something for every palate. Don’t miss the chance to stroll down South Congress Avenue, where you’ll find unique shops, art galleries, and plenty of Instagram-worthy murals.
5. Omaha, NE
Omaha is a Midwestern city known for its friendly community and affordable cost of living. Like Chattanooga, Omaha was also named one of Livability’s 2025’s Best Places to Live. Omaha offers a mix of city amenities and small-town charm, making it an appealing place to live and explore. With an average annual temperature of 51 degrees, Omaha is the coolest location on our list.
Cost of living and housing in Omaha, NE
The city’s cost of living is 9.6% below the national average, and the average rent is 32% lower than the national average—great news for those seeking budget-friendly retirement destinations.
Things to do in Omaha, NE
Stroll through the Lauritzen Gardens or experience the world-famous Henry Doorly Zoo featuring special exhibits year-round. Downtown’s Old Market area adds a touch of artsy charm with its unique shops, galleries, and farm-to-table restaurants. Omaha hosts regular community events, from free summer concerts to lively farmers markets, helping newcomers feel right at home.
Find Your Ideal Retirement City
Whether you’re drawn to Chattanooga’s mountainous backdrop, the southern hospitality in Savannah, the lively culture of Baton Rouge, the scenic trails in Austin, or the arts community in Omaha, each city offers something unique.
Ready to see which city could be the perfect fit for you? Visit Apartments.com to explore listings, learn more about neighborhoods, and take the first step toward making your retirement dreams a reality. With helpful filters, in-depth neighborhood guides, and up-to-date listings, you’ll have all the tools you need to discover the perfect place to call home for your next chapter.
Market data provided by CoStar Group’s February 2026 reports. The information contained in this article is general information only. Consult a qualified tax professional for tax-related assistance.
