The latest analysis of U.S. apartment rent was released from RENTCafé. The national average rent for an apartment increased 3%, reaching $1,474 in December 2019. Renters were paying $43 more per month for an apartment than in December 2018. New York City is the most expensive place in the country to rent with a tenant having to fork over $4,211 per month on average.

The research also analyzed the cities experiencing the biggest increases in rent with Phoenix in the first position. It saw a 9.6% spike between late 2018 and 2019 with the average rent now standing at $1,123. Las Vegas came second with 6% growth while Austin had the third-highest pace of growth with%.

Infographic: Where U.S. Apartment Rents Are Rising Fastest | Statista You will find more infographics at Statista

 

The U.S. Cities Where Apartment Rents Are Astronomical

San Francisco has the highest rents for apartments in the U.S. according to a report from Zumper. Prospective tenants searching for an accommodation in the Bay Area will need extremely deep pockets with the median rental price for a one-room apartment there running to $3,330 per month.

New York City isn’t far behind on the list of astronomical rents. A one-bedroom flat in the Big Apple would cost $3,000 every month to rent while an extra bedroom would push that up to $3,400. Toledo, Ohio is at the very bottom of Zumper’s list with a rental prices for a one-bedroom apartment flat coming to just $440.

 

Infographic: The U.S. Cities Where Apartment Rents Are Astronomical | Statista You will find more infographics at Statista