This Map of Rent Prices in 10 Major Cities Is Absolutely Unbelievable
In 2021, rental prices increased by 12.1 percent — in 2019 where the increase was only 0.3 percent.
There is a real problem in finding affordable housing across the United States. Real estate prices have slowly edged out of the affordable for many families, and in the past year, the costs of homes have skyrocketed. For those who can’t afford to buy a home — and for millennial parents, that is many people — renting is obviously an option. However, rent isn’t all that much more affordable than a mortgage, it appears. New data that features the 10 most expensive cities to rent in has also found that the cost of rent — alongside the skyrocketing cost of homeownership — has exploded in the United States.
Real estate website Zumper wanted to find out what the prices of rent across the country were doing. “Rent has been rising at an alarming rate all over the country throughout 2021,” the site explains, “but Zumper’s National Rent Index for November shows for the first time this year a slower pace of rent growth that more closely resembles historical norms.”
Zumper has been keeping track of rental prices using its National Rent index and over the past 11 months, there have been some interesting changes. The median rent for a one-bedroom place increased by 12.1 percent, two bedrooms went up even more to 13.2 percent. “For context, the median one-bedroom rent rose by a mere 0.3 percent in all of 2019, and it was up just 0.6 percent in 2020,” the site explains. That’s a big increase in costs!
While the company’s November data points to a possibility the rise in rent costs is slowing down, there are some cities across the country where rent is just downright expensive.
The 10 most expensive cities to rent:
- New York, NY where a 1-bedroom rental price is $3,180 per month and a 2-bedroom rent for 3,480.
- San Francisco, CA where a 1-bedroom rental price is $2,800 per month and a 2-bedroom rent for $3,800.
- Boston, MA where a 1-bedroom rental price is $2,470 per month and a 2-bedroom rent for $2,940.
- San Jose, CA where a 1-bedroom rental price is $2,310 per month and a 2-bedroom rent for $2,810.
- Washington, DC where a 1-bedroom rental price is $2,210 per month and a 2-bedroom rent for $2,950.
- Los Angeles, CA where a 1-bedroom rental price is $2,200 per month and a 2-bedroom rent for $2,970.
- Miami, FL where a 1-bedroom rental price is $2,170 per month and a 2-bedroom rent for $2,870.
- San Diego, CA where a 1-bedroom rental price is $2,160 per month and a 2-bedroom rent for $2,690.
- Oakland, CA where a 1-bedroom rental price is $2,030 per month and a 2-bedroom rent for $2,700.
- Fort Lauderdale, FL where a 1-bedroom rental price is $1,920 and a 2-bedroom rent for $2,630.
states where the cost of living
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