Moving into a smaller rental property has become a popular trend among retired seniors as it can help cut monthly finances, and also save money on expensive repairs and maintenance. According to 2012’s Census Bureau data, the median gross rent for seniors is approximately $750/month in numerous metropolitan areas making locations like Portland Maine, Providence Rhode Island, St. Louis Missouri and a host of other cities, fairly affordable for retirement living. There are a number of financial options available to help seniors afford to remain in their homes. More here
