These Are the Most Expensive US Cities for Renters, With Some Prices Up 41%
Over half of the costliest metro areas for dwellings are in California
It’s not getting any easier for renters. The Zumper National Rent Index hit another record—with the median monthly price for a newly listed one-bedroom apartment climbing 11% to $1,450 from a year ago.
New York City topped the list as the most-expensive market at $3,780 a month, the rental company said in its July report. That’s up a shocking 41% over last year and 5% from just the prior month as relocations surpass the pre-pandemic pace. San Francisco is rebounding, with rents returning to pre-Covid levels and a median one-bedroom there now priced at $3,100 a month, up 14% and the highest in two years.