5. Tucson, Ariz.
2018 condo home value: $124,800
Rent growth: 17.1%
Rental yield: 9.6%
Those longing to live in the midst of Arizona’s most stunning scenery can rejoice in the fact that Tucson is one of the cheapest places to rent in the state. This translates to happy news for investment landlords too, as rent growth topped 17 percent in the last year.