The most expensive areas for rental housing in major US cities
The debate about what is better - buying a home or renting - is eternal. Both sides of the debate have their pros and cons, and often the correct answer is: it's a personal decision. Part of the problem is that it's not always easy to know exactly how expensive rent is in certain cities or areas. To fill this information gap, GOBankingRates listed the most expensive areas for tenants in US cities, indicated by their zip codes.
It may seem that the most expensive areas are easy to identify, but the actual list is full of surprises. For example, the average rent in New York's most expensive area / zip code (10014) is $ 4076. This is certainly a lot, but given New York's reputation with its high real estate costs, this number seems surprisingly manageable. For example, renting in the 94611 area in Auckland, California, will cost $ 4710 a month, which is almost 15% higher than the maximum rent in New York’s most expensive index.
Another interesting finding from the study is that the definition of “high” rent varies greatly from city to city. For example, living in the most expensive zip code in Detroit costs $870 a month, the lowest of all the cities studied. Compare that to the most expensive zip code in all of the US, 90049 (Los Angeles), where living costs an incredible $10 a month—and that's just the average rent. The point is that "expensive" can indeed be a regional designation, and if one area seems too expensive for you, there may be one nearby that you consider affordable.
Overall, the average monthly rent in America’s most expensive zip codes is $ 1644. To determine what kind of rent you can reasonably afford, start by creating a realistic budget. With that in mind, look at America's most expensive zip codes for tenants. We give an example of cities popular among Russian-speaking immigrants, and a full list can be found here.
Бостон
- Zip code: 02134
Average monthly rent in 2019: $ 3778 - Zip code: 02127
Average monthly rent in 2019: $ 3675 - Zip code: 02135
Average monthly rent in 2019: $ 3271 - Zip code: 02130
Average monthly rent in 2019: $ 3037 - Zip code: 02114
Average monthly rent in 2019: $ 3035
Chicago
- Zip code: 60614
Average monthly rent in 2019: $ 2849 - Zip code: 60618
Average monthly rent in 2019: $ 2097 - Zip code: 60654
Average monthly rent in 2019: $ 2087 - Zip code: 60611
Average monthly rent in 2019: $ 2021 - Zip code: 60616
Average monthly rent in 2019: $ 2015
On the subject: The best US cities where you can comfortably live on $ 50 000 per year
Houston
- Zip code: 77005
Average monthly rent in 2019: $ 3262 - Zip code: 77027
Average monthly rent in 2019: $ 3186 - Zip code: 77024
Average monthly rent in 2019: $ 2947 - Zip code: 77007
Average monthly rent in 2019: $ 2705 - Zip code: 77094
Average monthly rent in 2019: $ 2601
Las Vegas, NV
- Zip code: 89138
Average monthly rent in 2019: $ 2201 - Zip code: 89135
Average monthly rent in 2019: $ 2118 - Zip code: 89117
Average monthly rent in 2019: $ 1908 - Zip code: 89144
Average monthly rent in 2019: $ 1800 - Zip code: 89141
Average monthly rent in 2019: $ 1776
Los Angeles
- Zip code: 90049
Average monthly rent in 2019: $ 10 - Zip code: 90048
Average monthly rent in 2019: $ 8287 - Zip code: 90046
Average monthly rent in 2019: $ 7778 - Zip code: 90024
Average monthly rent in 2019: $ 7358 - Zip code: 90291
Average monthly rent in 2019: $ 6964
Miami
- Zip code: 33140
Average monthly rent in 2019: $ 7785 - Zip code: 33141
Average monthly rent in 2019: $ 4165 - Zip code: 33133
Average monthly rent in 2019: $ 3556 - Zip code: 33155
Average monthly rent in 2019: $ 2570 - Zip code: 33145
Average monthly rent in 2019: $ 2500
New York
- Zip code: 10014
Average monthly rent in 2019: $ 4076 - Zip code: 10011
Average monthly rent in 2019: $ 4058 - Zip code: 10003
Average monthly rent in 2019: $ 3995 - Zip code: 10282
Average monthly rent in 2019: $ 3850 - Zip code: 10036
Average monthly rent in 2019: $ 3623
Philadelphia
- Zip code: 19123
Average monthly rent in 2019: $ 2190 - Postcode: 19147
Average monthly rent in 2019: $ 2033 - Postcode: 19130
Average monthly rent in 2019: $ 1976 - Postcode: 19127
Average monthly rent in 2019: $ 1879 - Postcode: 19122
Average monthly rent in 2019: $ 1744
On the subject: 23 cities in the USA where you can comfortably live in retirement at $ 1500
Portland, Oregon
- Zip code: 97212
Average monthly rent in 2019: $ 2485 - Zip code: 97214
Average monthly rent in 2019: $ 2420 - Zip code: 97229
Average monthly rent in 2019: $ 2365 - Zip code: 97211
Average monthly rent in 2019: $ 2277 - Zip code: 97219
Average monthly rent in 2019: $ 2166
San Diego
- Zip code: 92130
Average monthly rent in 2019: $ 4730 - Zip code: 92127
Average monthly rent in 2019: $ 4029 - Zip code: 92129
Average monthly rent in 2019: $ 3300 - Zip code: 92109
Average monthly rent in 2019: $ 3244 - Zip code: 92128
Average monthly rent in 2019: $ 2982
San Francisco
- Zip code: 94114
Average monthly rent in 2019: $ 5783 - Zip code: 94110
Average monthly rent in 2019: $ 4884 - Zip code: 94116
Average monthly rent in 2019: $ 4392 - Zip code: 94122
Average monthly rent in 2019: $ 4163 - Zip code: 94112
Average monthly rent in 2019: $ 3858
Seattle
- Zip code: 98112
Average monthly rent in 2019: $ 3709 - Zip code: 98119
Average monthly rent in 2019: $ 3630 - Zip code: 98122
Average monthly rent in 2019: $ 3389 - Zip code: 98105
Average monthly rent in 2019: $ 3332 - Zip code: 98199
Average monthly rent in 2019: $ 3293
Washington
- Zip code: 20007
Average monthly rent in 2019: $ 4705 - Zip code: 20016
Average monthly rent in 2019: $ 4568 - Zip code: 20009
Average monthly rent in 2019: $ 3430 - Zip code: 20010
Average monthly rent in 2019: $ 3296 - Zip code: 20003
Average monthly rent in 2019: $ 3257
Read also on ForumDaily:
A city in the USA will pay up to $ 15 thousand for moving there
Google Parking Van: How IT Professionals Live in San Francisco
How a blogger accomplished the incredible: exchanged an ordinary paper clip for a house
Rent or buy: what is the best deal for those who are looking for housing in New York
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.