Let’s find out which cities demand the most out of rentals in this list of 11 most expensive cities to rent in America in 2015. A large factor to consider when taking into account the cost of living is rental. Renting a place takes a significant percentage of your monthly earnings. For some cities in the world, it probably takes the bulk of your pay. There are some cities in America that have affordable rates when it comes to food, transportation and other necessities but really skyrockets in prices when it comes to property. This can be due to a number of reasons. Demand is one significant factor.
Of course, for most of us, rent is just one thing we have to consider when living or moving to a city. The cities that are listed here may not necessarily be the most expensive cities. You’ll find some slight differences when checking out our list of The 10 Most Expensive Cities to Live in North America. For a few lucky ones, they are already living in locations free from rent or have the luxury to not worry about it at all.
The cities listed here are ranked based on how much you would rent on average. This is also considering all types of rentals available. There is generally not much difference between some cities as high prices tend to stick together. Let’s find out more as we explore these 11 most expensive cities to rent in America in 2015.
11. San Diego, California
California is known for a few of the most expensive places to live in the world. San Diego is a well known tourist destination and can be found adjacent to the border to Mexico. It is considered the birthplace of California and is widely known as one of the best places to consider when it comes to weather. Average rent in the city costs around $1450 per month.
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10. Seattle, Washington
Being one of the fastest growing cities in the US, the prices of high rentals in Seattle is not unusual. It is the largest city in the state of Washington. Historically it is one of the main sites where Native Americans lived before colonization. The city is now known for being a technology and environmental hub. Average costs of rentals have an average of $1700.
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9. Chicago, Illinois
Chicago is the third largest and third most populous city in the US. It is considered the largest city in the Midwest. It was once one of the fastest growing cities in the country especially during the 19th century. Because of this early growth the city has become a hub for different industries like financial companies, commerce, technology, and others. Rentals here can reach an average of $1740.
8. Miami, Florida
Miami is the fourth largest urban area in the United States and is home to 5.5 million people. It is a well known center for media, entertainment and the arts. It is also one of America’s cleanest cities featuring some of the best policies in the country for recycling and trash prevention. Being an esteemed city, it’s not unusual that rental reaches an average of $1760.
7. Oakland, California
California keeps on rolling with high rental prices with the inclusion of Oakland in this list. This city comprised of mostly woodlands and scrublands contains one of the busiest ports in California. Oakland has been known to be a place where immigrants from other cities and states settle. This increased the costs to what it is now at an average of $1860.
6. San Jose, California
Another entry from California, San Jose finds itself at number seven with an average rent of $1880. San Jose is the largest city in the Bay Area and is also the largest in North California. The city was originally a Spanish Colony named San Jose de Guadalupe. When California achieved statehood it became the first capital.
Let’s move to more cities as we go through the second half of this list of 11 most expensive cities to rent in America in 2015.
5. Los Angeles, California
Los Angeles is the second largest city in the US. It is well known for being a large metropolis and being one of the most diverse cities in the country. LA has also become a center for entertainment and you’ll find a lot of celebrities living here. Rentals here average at $1900.
4. Boston, Massachusetts
Boston is one of the oldest cities in the United States being founded in 1630. It has a lot of history and is the key location for a lot of events during the American Revolution. Many tourists flock to visit the city which is one of the reasons rentals here go on an average of $2130.
3. Washington, DC
Washington is one of the most populated cities in the United States and being the state capital, has a few of the most expensive rentals in the country. It is named after the first President of the US George Washington. The average cost of rental here is $2190.
2. New York, New York
New York is known as one of the cities in the US that has one of the highest costs of living. Rentals here rank second overall as costs can reach up to $3080 on average. With a population of 8.5 million it is the most populous city in the country.
1. San Francisco, California
San Francisco is an internationally famous city. It has been the inspiration and location for a lot of famous events and movies. It has also become a technological hub in recent years becoming the headquarters for a lot of different industries, companies and start-ups. Cost of rental here is the highest in the US with an average of $3650.
This has been the list of 11 most expensive cities to rent in America in 2015. Plan accordingly and make sure you are ready for any rental costs if you’re planning on living in these cities.
