Cities home to priciest rents for one-bedroom apartments
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Tens of millions of Americans across the country rent and, according to recent data, those in certain cities face the highest rents for one-bedroom apartments.
The rental marketplace platform Zumper on Tuesday put out its latest national rent report showing New York City asked the highest median monthly rent for one-bedrooms in August out of 100 cities. It looked at over 1 million active listings nationwide.
The median rent for a one-bedroom in the Big Apple reached a whopping $4,500 this month, the report said.
The cities that placed among the top-five for the priciest median one-bedroom rents on Zumper’s list this month maintained their rankings from July. All but one of them — Boston — saw their median rents for that type change month-over-month, according to the data.
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The city-specific one-bedroom rent data came as the national 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 marketplace platform.
Zumper said the five 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 lower Manhattan and One World Trade Center as the sun sets in New York City on May 13, 2020. (Gary Hershorn/Getty Images / Getty Images)
2. Jersey City, New Jersey: $3,400
The Lower Manhattan skyline is seen from the Hudson House apartment complex in the SoHo West area of Jersey City, New Jersey, on June 20. (Stephanie Keith/Bloomberg via Getty Images / Getty Images)
3. San Francisco: $3,160
The Golden Gate Bridge stands in front of the San Francisco skyline in Sausalito, California, on March 28. (Justin Sullivan/Getty Images / Getty Images)
4. Boston: $2,800
A view of the Boston skyline. (Ron Dahlquist/Design Pics Editorial/Universal Images Group via Getty Images / Getty Images)
5. Miami: $2,790
The Miami skyline is seen on Sept. 29, 2021. (Joe Raedle/Getty Images / Getty Images)
Speaking about New York City’s $4,500 median rent for one-bedrooms, Zumper CEO Anthemos Georgiades said in an X post that the company has “never seen that level in the 10 years we’ve published our rent trends.” San Francisco also notched a “4-year high,” according to the report.
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Wichita, Kansas, and Akron, Ohio, had the lowest median rents for one-bedroom apartments in August out of the 100 cities that Zumper analyzed. Theirs both clocked in at $730.
Separately, in June, RentCafe said newly-built one-bedroom apartments in the U.S. averaged 733 square feet of space in 2023. Ten years ago, the average for the unit type was 740 square feet.
Roughly 48.3% of new apartments built last year were one-bedrooms, according to RentCafe.
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