Economic update for the month ending October 31, 2021 Stock markets surged to record highs in October- Stocks rebounded in
May 3 2018 38376 1
Dated: May 4 2018
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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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Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2021 8:08 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
