Top 10 Most Expensive U.S. Cities for Renters

Thanks to inflation, rental prices have been on the rise in the United States. Nowadays, it's hard to find even a modest-sized apartment or house for rent that won't break your budget. Knowing the places to avoid, however, can help you narrow down your options.

The rankings are based on Rent.com's annual data for one and two-bedroom units between June 2021 and June 2022. Only cities with a population of 50,000 or more were included in the survey.

Jersey City, New Jersey

Jersey City was ranked the number one city with the highest rent in the survey period. The average monthly rent in Jersey City increased from $3,308 in 2021 to $5,500 in 2022.

Boston, Massachusetts

Boston comes in second, with the average rental rate going from $4,164 in 2021 to $4,878 in 2022.

Palo Alto, California

Palo Alto is third on the list, with a 31.34% increase over the past year. The current average rent is $4,672.

Glendale, California

Glendale had a 36.32% growth in average rent. The current amount is around $4,472.

Santa Monica, California

Santa Monica ranks fifth on the list, with an average monthly cost of $4,357.

Coral Gables, Florida

The population of Coral Gables saw a 43.34% increase in their rent. The current average sits at $4,310.

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