Top 25 US cities with the most expensive rental housing

Real estate is one of the largest and most profitable industries on the planet. As the real estate market grows, so do rental rates. Which US cities are the most expensive to rent? Yahoo.

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Photos about a study by Allied Markets Research shows that the global real estate market was worth a whopping $28 trillion in 2021. From then until 2031, the sector will grow at a compound annual rate. (CAGR) of 5,3% and will be valued at $48,9 trillion by the end of the forecast period.

The US, like other developed countries, is now experiencing historical inflation.

However, despite the fact that the impact of high energy prices on inflation has begun to weaken, rents continue to spur inflation. According to the Department of Labor inflation report in March 2023, inflation for the month was 5%. However, in March, of all the points used to calculate inflation, home prices were among the fastest growing.

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The housing index was the dominant factor in the monthly increase in the index for all items except food and energy.

Zumper is an online portal that connects landlords with tenants. According to the platform, there are 25 US cities with the highest average rent for one-bedroom apartments.

25. Tampa, FL

Average rent for a 1 bedroom apartment: $ 1670.

Tampa is a coastal city in Florida and the third most populous in the state. It has a diversified economy consisting of financial services, real estate, tourism and healthcare.

24. Providence, Rhode Island

Average rent for a 1 bedroom apartment: $ 1700.

Providence is the capital of the state of Rhode Island. It is also one of the oldest cities in the US, as it was founded in the 17th century and before the American Revolution.

23. Denver, CO

Average rent for a 1 bedroom apartment: $ 1710.

Denver is the capital of the state of Colorado. It is home to over seven hundred thousand people, and its location makes it a transportation hub in the western United States.

22. Nashville, Tennessee

Average rent for a 1 bedroom apartment: $ 1730.

Nashville is the capital of Tennessee. It was founded shortly after the American Revolution of 1779. The median household income in 2020 was $46.

21. Atlanta, GA

Average rent for a 1 bedroom apartment: $ 1750.

Atlanta is the capital of Georgia. The city is one of America's largest economies and is home to corporate giants such as Coca-Cola and Home Depot.

20 Long Beach, California

Average rent for a 1 bedroom apartment: $ 1800.

Any list of the most expensive cities to rent in the US would be incomplete without California. The city is known for its busy seaport.

19. Chicago, IL

Average rent for a 1 bedroom apartment: $ 1800.

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Chicago is one of the most densely populated cities in the United States with about three million people.

18. Scottsdale, AZ

Average rent for a 1 bedroom apartment: $ 1820.

Scottsdale is one of the smallest cities on our list, home to a quarter of a million people.

17. Charleston, South Carolina

Average rent for a 1 bedroom apartment: $ 1820.

Charleston is the most populous city in South Carolina. It has a large shipping industry and was founded in 1670.

16. Urban Honolulu, Hawaii.

Average rent for a 1 bedroom apartment: $ 1900.

Honolulu is known for its high cost of living due to its dependence on imports.

15. Seattle, WA

Average rent for a 1 bedroom apartment: $ 1980.

Seattle is the most populous city in Washington and an economic powerhouse with a strong technology industry presence.

14. Anaheim, California

Average rent for a 1 bedroom apartment: $ 2000.

Anaheim is a California city known for its famous tourist attractions and resorts.

13. Fort Lauderdale, FL

Average rent for a 1 bedroom apartment: $ 2100.

Fort Lauderdale is a major coastal city in Florida. Medical and financial services firms are among the largest employers.

12. Santa Ana, California

Average rent for a 1 bedroom apartment: $ 2110.

Santa Ana is a populous California city and the economic center of Orange County. Medical firms are among the largest employers.

11. Oakland, California

Average rent for a 1 bedroom apartment: $ 2200.

Oakland is one of America's largest port cities, serving nearly all of Northern California's port traffic.

10. Arlington County, VA

Average rent for a 1 bedroom apartment: $ 2270.

Arlington County is the largest unincorporated region in the United States by population. It is home to various federal agencies such as the DEA and DARPA.

9. Washington, DC.

Average rent for a 1 bedroom apartment: $ 2320.

Washington DC is the capital of America. Along with one of the highest rents in the US, it is also known for its high cost of living in general.

8. Los Angeles, CA

Average rent for a 1 bedroom apartment: $ 2400.

Los Angeles is the economic and cultural center of California and one of America's largest cities by population.

7. San Diego, CA

Average rent for a 1 bedroom apartment: $ 2400.

San Diego is a coastal city in California with over a million people.

6. San Jose, California

Average rent for a 1 bedroom apartment: $ 2600.

San Jose is the economic center of California and the technological center not only of the state, but also of the United States. Naturally, this also makes it one of the most expensive cities for renters.

5. Boston, Massachusetts

Average rent for a 1 bedroom apartment: $ 2700.

Boston is one of the largest cities in America by population. It is also the capital of Massachusetts. The city is the economic and financial center of its state. Boston is home to one of America's largest hospitals, the Massachusetts General Hospital. In addition, it also has a strong biotech industry and is the center of this sector in the US. Boston is on the list of the oldest cities in America, founded in the 17th century.

4. Miami, FL

Average rent for a 1 bedroom apartment: $ 2840.

Miami is the second most populous city in Florida. It is also the economic and cultural center of the state. Miami is the center of the cruise industry in America and also has a strong presence in the news, media, and manufacturing industry. However, Miami also has a high poverty rate, with 2021% of its population living below the poverty line as of 20,7. The median income for a household and family in the city is $31 and $472, respectively, which is lower than Florida as a whole.

3. San Francisco, CA

Average rent for a 1 bedroom apartment: $ 3000.

San Francisco is one of the largest cities in California, one of the most densely populated regions of the United States, with less than 568 people, less than a million. San Francisco has the fourth largest city economy in America with a $XNUMX billion GDP. It is the center of the technology industry in America, with billions of dollars invested annually. At the same time, homelessness is a major problem in the city, and high rents in San Francisco are notorious across America.

2. Jersey City, NJ

Average rent for a 1 bedroom apartment: $ 3000.

Jersey City is one of the most populous cities in New Jersey. It is the economic center of its region, hosting a large number of financial firms and insurance companies. As of 2018, the median household income in Jersey City was $62. The city was first settled by Europeans in the 739th century.

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1. New York, New York

Average rent for a 1 bedroom apartment: $ 3570.

Topping our list of America's most expensive cities for rent is New York, America's largest city and its financial hub. New York has the largest economy in the US and is a global financial center filled with investment banks and other financial firms. New York is home to a whopping 8,8 million people, making it not only one of the largest cities in America, but also one of the largest cities in the world.

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