<prompt> Human: Ive been looking at housing options in several US cities in the MidwestNortheast and it seems that rent is much higher taking market value into account than in Canada. nbsp; For example, an apartment with a fair market value of 100,000 in Chicago has rent of about 1,300mo and a 70,000 house in Buffalo has a listed rental price of about 900mo. Thats over 15 annual gross rental income yield per year. In comparison, a 2 bedroom condo in Toronto might have a market value of 450,000 and rent of 2,100mo while an apartment in Montreal might have a market value of 260,000 and rent of 1,300mo. Thats an annual yield of 6 or less. Is rent in the US really 150 more than in Canada or have I just been looking at the wrong place Trulia? nbsp; For reference, the costs associated with rentingowning an apartment in Canada like the 2,100mo one in Toronto would be about 700mo in maintenance fees and 300mo for property taxes.  <response>: Toronto isnt a comparable location to Buffalo. But some markets are better for renting and some are better for buying. 