While owning a home is the American dream for many, there are plenty of people who simply can’t afford to purchase a house. But depending on where you live, renting may not necessarily be a good option either.
- 24/7 Wall Street just revealed a list of the Most Expensive Places to Rent in America, based on info from research firm Zumper.
- While rent in a lot of big cities did drop over the last year due to the pandemic, there are still some cities where renting is pretty steep.
- Topping the list as the most expensive place to rent is San Francisco, where the average rent for a one-bedroom apartment is $2,790, although that’s 15% less than the same month last year.
The Most Expensive Cities To Rent in the U.S.
(rent for one-bedroom apartment)
1. San Francisco, CA ($2,790)
2. New York, NY ($2,570)
3. Boston, MA ($2,200)
4. Washington, DC ($2,170)
5. San Jose, CA ($2,160)
6. Los Angeles, CA ($2,000)
6. Oakland, CA ($2,000)
8. San Diego, CA ($1,920)
9. Fort Lauderdale, FL ($1,710)
10. Miami, FL ($1,700)
Source:24/7 Wall Street