Where is most expensive rent in U.S.? Not in San Francisco, report says


SAN FRANCISCO, Calif. (KRON) – For the second month in a row, San Francisco is not the most expensive city to live in the United States.

According to a September 2021 Zumper report, New York City remains the most expensive to rent a one-bedroom apartment with San Francisco coming in second.

In the August 2021 Zumper report, NYC rose above San Francisco for the first time since 2014, when the company began tracking renting data.

Last month, the median one-bedroom rent rate was only $10 difference, with $2,810 in NYC and $2,800 in San Francisco.

Now, there is a $150 difference with rent rates rising in NYC to $2,950.

Zumper reported that these two cities were hit hardest by the COVID-19 pandemic as many people moved out. New York City’s rent dropped between March 2020 and January 2021 by 17.6% but it is now up 3.5% compared to the beginning of the…

Read more…