Thanks to new development projects and a workforce flooded with millennials who’d rather rent than buy, major US cities are seeing increases in rent prices.
In its National Rent Report, residential real-estate rental website Zumper analyzed 1 million active, one-bedroom listings to find the most expensive cities in the country for renters.
Of the top 20 cities on the list, six are in California.
Keep scrolling to see which city ranks No. 1 on Zumper’s list.
20. LONG BEACH, CALIFORNIA: The average rent for a one-bedroom here is $1,120 a month.
19. MINNEAPOLIS, MINNESOTA: The average rent for a one-bedroom here is $1,150 a month.
17. AUSTIN, TEXAS: The average rent for a one-bedroom here is $1,170 a month.
15. ATLANTA, GEORGIA: The average rent for a one-bedroom here is $1,250 a month.
14. DENVER, COLORADO: The average rent for a one-bedroom here is $1,250 a month.
13. PORTLAND, OREGON: The average rent for a one-bedroom here is $1,330 a month.
12. PHILADELPHIA, PENNSYLVANIA: The average rent for a one-bedroom here is $1,340 a month.
11. SAN DIEGO, CALIFORNIA: The average rent for a one-bedroom here is $1,500 a month.
10. SEATTLE, WASHINGTON: The average rent for a one-bedroom here is $1,600 a month.
8. MIAMI, FLORIDA: The average rent for a one-bedroom here is $1,880 a month.
7. CHICAGO, ILLINOIS: The average rent for a one-bedroom here is $1,920 a month.
6. OAKLAND, CALIFORNIA: The average rent for a one-bedroom here is $1,980 a month.
5. WASHINGTON, DC: The average rent for a one-bedroom here is $2,150 a month.
3. BOSTON, MASSACHUSETTS: The average rent for a one-bedroom here is $2,250 a month.
2. NEW YORK CITY, NEW YORK: The average rent for a one-bedroom here is $3,100 a month.
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