10 Cities You Should Never Consider Renting In
The world citizen knows the joy and thrill of travelling all over the world and living in some of the most beautiful and popular places. And they will also know the fact that when it comes to the average rent their choice is certainly influenced by it before choosing the next city to settle in.
You might be a world traveler, a businessman or just a regular employee looking to change your locations in search of greener pastures, maybe. You need to be aware of the cost of living, the rent, in some of the most popular cities in the US. These are some of the cities with the average rents for a one-bedroom apartment in them along with it.
1. Manhattan, New York - Avg. Rent : $4,374
Manhattan, in New York, tops the list with forbidding monthly apartment rental prices at around $4,374 on an average. It comes as no big surprise though, as the luxury building boom still seems to rolling along the prices are being actually increase slightly by the landlords in the city.
2. Oakland, California - Avg. Rent : $3,580
Oakland is surprisingly the second costliest city to rent in the US with an average monthly rent for a one-bedroom apartment at around $3,580. This is being seen as the influx of hipsters to the city and its vibrant cultural lifestyle. But for the average resident, they are having to pay almost 70% of their monthly average income towards the rent and living costs.
3. San Francisco, California - Avg. Rent : $3,100
The seaside San Francisco lives up to its image of being unconventional with an average monthly rent for a single-bedroom apartment pegged at around $3,100. The city has witnessed an average increase of around 9.2% increase in the last 6 months.
4. San Jose, California - Avg. Rent : $2,783
Another East Coast city is one of the top most expensive to rent cities in the US. San Jose, in California, has an average monthly rental rate for a single-bedroom apartment at around $2,783. This is being seen as a result of the boom in the IT industry of the region as more and more IT employees are shifting to the area for shorter commute to their workplaces.
5. Boston, Massachusetts - Avg. Rent : $2,287
The current average renting price for a single-bedroom apartment in Boston, Massachusetts is on the rise with it being around $2,287 now. This is the first time the city’s average rental rates have crossed the $2,000-mark. This is despite the growing rate (5.6%) of vacancy in the city in the last 3-month period.
6. Los Angeles, California - Avg. Rent : $2,094
Los Angeles, California is not surprisingly one of the costliest cities to rent in at an average monthly rent for a single-bedroom apartment at around $2,094. This comes as no big surprise as it has always been one of the more expensive cities with an opulent Hollywood crowd residing in it.
7. Orange County, California - Avg. Rent : $1,848
Orange County in California has always been one of the more expensive cities to rent in the US and currently the average monthly rental rate for a one-bedroom is around $1,848 here. It has always been one of the most luxurious properties and holds it place in the top ten list.
8. San Diego, California - Avg. Rent : $1,768
San Diego in California has an average monthly rent for a one-bedroom apartment at around $1,768. This expensive rate can be attributed to constantly rising demand for rental property in the city which has resulted in an increase of around 3.5% in the monthly average rent rate.
9. Northern New Jersey, New Jersey - Avg. Rent : $1,652
The average monthly rental rate for a single-bedroom apartment unit is around $1,652. This rise in the rental prices is being attributed to the rising unemployment which is flattening the incomes and resulting in more people selling properties and preferring to rent.
10. Palm Beach, Florida - Avg. Rent : $1,215
The Palm Beach area in Florida has an average monthly rental rate of around $1,215 for a single-bedroom apartment. This has been a prime rental property since a long time and lives up to its opulence and privacy with luxurious beach-front properties being more popular for rent as well as in rate.
These are surely the most expensive cities to rent in but they are also some of the more popular cities to live in the US. The large influx of people from outside the state to these cities, and their cultural significance, are the main driving forces for the expensive rental rates in these cities.