January was a fairly flat month when it comes to rental growth, however a shift once again gave California six of the top 10 most expensive rental markets in the U.S.
While most of the top 10 cities remained flat, Santa Ana rejoined the ranks, giving California six of the top 10 cities, according to a monthly rental report from Zumper.
Three of those cities are in the top 5 most expensive markets.
Overall, as the chart below shows, national one bedroom rent actually fell 0.4% to $1,212 in January, while two bedrooms increased slightly by 0.1% to $1,442.
Annually, one bedroom rent is down 2.5% while two bedroom rent is up 3.7%.
Click to Enlarge These slowdowns and even decreases bring many renters much-needed relief as affordability has been a major concern for Americans throughout 2018, as mortgage rates and rents both reached record highs.
Los Angeles, California: One bedroom rent decreased a slight 0.8% to $2,400, while two bedrooms saw an even smaller dip, down 0.6% to $3,200.
Boston, Massachusetts: One bedroom rent fell 1.2% to $2,420, while two bedrooms grew 1.5% to $2,740.
San Jose, California: One bedroom rent grew 1.6% to $2,530, while two bedrooms increased 1% to $3,030.
San Francisco, California: One bedroom rent grew 2.3% to $3,580, while two bedrooms decreased a slight 0.2% to $4,640.