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Tens of thousands and thousands of Individuals throughout the nation hire and, based on latest knowledge, these in sure cities face the best rents for one-bedroom residences.
The rental market platform Zumper on Tuesday put out its newest nationwide hire report displaying New York Metropolis requested the best median month-to-month hire for one-bedrooms in August out of 100 cities. It checked out over 1 million energetic listings nationwide.
The median hire for a one-bedroom within the Huge Apple reached a whopping $4,500 this month, the report stated.
The cities that positioned among the many top-five for the priciest median one-bedroom rents on Zumper’s listing this month maintained their rankings from July. All however one in all them — Boston — noticed their median rents for that kind change month-over-month, based on the info.
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The town-specific one-bedroom hire knowledge got here because the nationwide median for the unit-type hit $1,534 in August, climbing 0.2% month-over-month and 1.6% year-over-year, per the rental market platform.
Zumper stated the 5 cities with highest median rents for one-bedrooms this month included:
1. New York: $4,500
A Swiss Air airplane flies over the skyline of decrease Manhattan and One World Commerce Middle because the solar units in New York Metropolis on Might 13, 2020. (Gary Hershorn/Getty Photographs / Getty Photographs)
2. Jersey Metropolis, New Jersey: $3,400 
The Decrease Manhattan skyline is seen from the Hudson Home house advanced within the SoHo West space of Jersey Metropolis, New Jersey, on June 20. (Stephanie Keith/Bloomberg through Getty Photographs / Getty Photographs)
3. San Francisco: $3,160 
The Golden Gate Bridge stands in entrance of the San Francisco skyline in Sausalito, California, on March 28. (Justin Sullivan/Getty Photographs / Getty Photographs)
4. Boston: $2,800 
A view of the Boston skyline. (Ron Dahlquist/Design Pics Editorial/Common Photographs Group through Getty Photographs / Getty Photographs)
5. Miami: $2,790 
The Miami skyline is seen on Sept. 29, 2021. (Joe Raedle/Getty Photographs / Getty Photographs)
Talking about New York Metropolis’s $4,500 median hire for one-bedrooms, Zumper CEO Anthemos Georgiades stated in an X submit that the corporate has “never seen that level in the 10 years we’ve published our rent trends.” San Francisco additionally notched a “4-year high,” based on the report.
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Wichita, Kansas, and Akron, Ohio, had the bottom median rents for one-bedroom residences in August out of the 100 cities that Zumper analyzed. Theirs each clocked in at $730.
Individually, in June, RentCafe stated newly-built one-bedroom residences within the U.S. averaged 733 sq. toes of house in 2023. Ten years in the past, the common for the unit kind was 740 sq. toes.
Roughly 48.3% of latest residences constructed final 12 months had been one-bedrooms, based on RentCafe.
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