May 3 2018 38376 1

Dated: May 4 2018

Views: 296

Here are the top 10 most expensive rental markets in the U.S.

National rents are on the rise to the tune of 1.4 percent year-over-over. The coast

holds the highest concentrations of rent growth titans, but California is far and

away the most expensive state of them all.

According to Zumper, a rental listing site, three of the top five most expensive

rental markets in the nation are in California. San Francisco holds the top spot as

the nation’s priciest multifamily market exhibiting rent growth of 1.2 percent in its

one-bedroom price to $3,440. San Jose came in third at 2,500 for a one-

bedroom, and Los Angeles tied with Boston for fourth place at $2,300 for a one-

bedroom apartment.

New York holds the second-place berth at $2,890 for a one-bedroom unit, though

it fell .30 percent month-over-month and .70 percent year-over-year.

The top 10 markets remained largely unchanged with the exception of Los

Angeles which cranked up its rent growth rate to 2.2 percent month-over-month

and a staggering 10 percent year-over-year, catalyzing its climb from the fifth

spot to share the fourth spot with Boston.

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