All eyes are on the housing market as experts expect the volatile market to soon burst sending home prices plummeting. But what about rent? Renters have seen prices skyrocket too since the start of the pandemic with many spending 30 to 40 percent of their monthly income on rent. Which cities in the US are seeing the highest rent prices? Well you don't want to live in the big cities of NYC or LA that's for sure. Looking at this map from the team at housinglist.com we can see that right now the highest rent for a single bedroom apartment is on average $3,860 in New York City. In Miami the average for a one bedroom apartment is just under NYC at $2,510. Following those two, Boston has the 3rd highest median rent for a single bedroom apartment in the US and Providence, Rhode Island comes in 4th on this list for highest rent.
Infographic by: housinglist