These US cities have highest rents
Not a good time to be a renter, particularly if you live in a blue city . . .
By Harriet Sinclair, Editor at LinkedIn News
Updated 3 weeks ago
It's a bad time to be a renter, with national median rents hitting a record high in August, up 11% compared with a year earlier. New York has once again topped the list of the most expensive places for renters, with San Francisco biting at its heels for second place. Rent in the Big Apple hit $3,930 per month for a one-bedroom apartment in August, with median prices seeing an increase of 39.9% year-on-year, according to the Zumper National Rent Index. Elsewhere, the rental market in the Sun Belt is cooling, while two cities posted significant losses: Des Moines, Iowa, is down 12%, and Cleveland is down 5.4%.
Most expensive cities:
New York $3,930
San Francisco, Calif. $3,040
San Jose, Calif. $2,780
Boston $2,730
San Diego $2,580
Miami $2,520
Los Angeles $2,450
Washington, D.C. $2,370
Oakland, Calif. $2,200
Santa Ana, Calif. $2,160
Cheapest cities:
Akron, Ohio $650
Wichita, Ka. $690
Lubbock, Texas $720
Shreveport, La. $740
Lexington, Ky. $810
Oklahoma City $850
Laredo, Texas $850
Des Moines, Iowa $880
Syracuse, N.Y. $880
El Paso, Texas $880
https://www.linkedin.com/news/story/these-us-cities-have-highest-rents-4932761/
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