Drakula & Co. / Getty ImagesMany renters will find that they cannot afford the same type of housing as they used to. They may have to consider their options, including downsizing, getting a better salary, changing careers, or moving to a lower cost area. There are still areas that offer cash or land incentives to workers who want to relocate or work remotely. These include Vermont, Topeka (Kansas) and Tulsa (Oklahoma).You might consider renting a roommate if you live alone. It might also help to reduce any unused or unnecessary expenses if your budget hasn't been reviewed in a while. If your rent is stable, you might want to reduce your spending to make more money for your emergency fund. This will ensure that you have enough cash reserves in case your rent goes up.
