American Real Estate – Highest Rents in Metropolitan

American Real Estate – Highest Rents in Metropolitan

Rent prices this month experienced mixed changes across the nation’s top 100 rental markets. In the top 10 list, about half of the cities’ prices went up while the other half went down. The same behavior follows for the middle tier and bottom tier markets. Overall, the Zumper National Rent Index showed one bedroom units down less than one percent to a median of $1,142, while two bedroom units grew 0.5% to $1,353. Check out the table below to see how prices in your city have changed.

Luckily for Bay Area renters, they will have a little more to be happy about this month as prices for one bedroom apartments have fallen in San Francisco (1.2% to $3,270), San Jose (2.7% to $2,180), and Oakland (5.2% to $2,000).

Top Five Rental Markets

1. San Francisco, CA maintained its spot once again as the most expensive city to rent. Prices dropped again to $3,270 for a one bedroom apartment, marking a 1.2% decrease. Two bedroom apartment prices stayed the same at $4,500.

2. New York, NY saw prices go up this month for both one and two bedrooms, increasing 0.7% and 3.0% respectively. One bedroom rent bumped up to $2,930 while two bedroom rent dipped to $3,420. Prices for both bedroom types are about 10% down since last year.

3. Boston, MA rent prices dropped 1.3% this month to $2,250 for one bedroom units and grew a slight 0.4% to $2,600 for two bedroom units. Rents for both one and two bedroom apartments are down 1.7% and 1.1% respectively from a year ago.

4. San Jose, CA saw rent prices for one and two bedroom units go in opposite directions this month. One bedroom rents decreased 2.7% to $2,180 while two bedroom rents increased 0.4% to $2,690.

5. Washington, DC found its way into the top 5 this month as it bumped up two spots. One bedroom units went up slightly to $2,010 with a 1% increase. Two bedroom apartments saw a bigger jump of 4.9% to $2,760.

Notable Changes This February



– Seattle, CA climbed two spots, now ranking as the 8th most expensive city, as rents for one bedroom units rose 1.7% to $1,820, while two bedroom prices dipped 2% to $2,420.

– Long Beach, CA went up two rankings to take the 16th spot on the list this month. One bedroom median rent rose to $1,400, marking a big 3.7% increase. Two bedroom median prices experienced more modest growth, increasing 0.5% to $1,860.

– Houseton, TX rose three spots to 23rd, experiencing increases of one and two bedroom apartments by 1.7% and 0.7%, respectively. Prices now are $1,210 and $1,500 respectively, both up 15% since twelve months ago.

– Chesapeake, VA shot up six ranks to 41st thanks to a huge 5.5% increase in one bedroom prices. The median price for one bedroom units sits at $960.

– Mesa, AZ found itself up a whopping eight spots at 59th after significant increases in rent. This month, one bedroom unit prices increased 3.9% to $800, while two bedroom unit prices increased 3.3% to $950.



– Oakland, CA experienced some heavy dips in rent this month, kicking it out of the top 5. Rents for both unit types are down a whopping 5% this month. One bedroom units stand at $2,000 while two bedroom units go for $2,470.

– Chicago, IL dropped to 10th on the list after decreasing rents for both one and two bedroom apartments caused it to slip two spots. One bedroom apartments now go for $1,730 and two bedroom apartments stand at $2,280 marking a 4.4% and 5% decrease, respectively.

– Nashville, TN fell three spots to 24th this month. Prices took a big hit as one bedroom prices plummeted 4.9% to $1,160, while two bedroom prices fell 1.5% to $1,300.

– Syracuse, NY dropped from 57th to 63rd this month. One bedroom prices sunk to $790 with a 4.8% decrease. Two bedroom prices, on the other hand, spiked up 5.3% to a median of $1,000.

– San Antonio, TX moved down two spots to 51st. A 4.4% decrease brought one bedroom rent down to $860. Two bedroom prices decreased even more with a 5.2% drop to $1,090.

Full Dataset