Top 25 Cities – One Bedroom Median Rent Prices





Top Four Rental Markets

San Francisco remained the most expensive rental market in the country once again last month, despite the first drop in prices seen since February-March. After reaching a peak this October of $3,670 for a one bedroom, prices cooled 4.6% in November to settle at $3,500.

New York City maintained second place on our list at $3,240 for a one bedroom. One bedrooms slid 1.2% in November, while two bedrooms were up 0.8% to $3,830. Prices by borough included Manhattan ($3,470), Brooklyn ($3,210), Queens ($2,790), The Bronx ($1,770), and Staten Island ($1,760).

Boston rent prices dropped 0.8% for one bedrooms, settling at $2,380. Two bedrooms increased 0.8% to $2,670. Rental trends in Cambridge continue to be strong, as Kendall Square, East Cambridge and Cambridgeport continue to command some of the highest prices in the city.

Oakland for the first time this November became the 4th most expensive rental market in the country, surpassing San Jose for the first time. One bedrooms increased 19% in the past year to $2,190, while two bedrooms increased 13.3% to reach $2,550. Oakland rent growth continues to outpace San Francisco in percentage terms.



Notable Changes This November

Upward

– Virginia Beach, VA increased 3.3% in the month to $930 for a one bedroom, and 1.7% to $1,190 for two bedrooms. Prices are up 3.3% and 8.2% year over year, respectively.

– Colorado Springs, CO jumped five spots on our list, up 2.8% for one bedrooms to $740. Two bedrooms increased 1% to $970.

– Miami, FL was the ninth most expensive market, as one bedrooms were up 1.1% to $1,890, while two bedrooms also increased 2% to $2,550.





Downward

– San Jose, CA dropped to sixth place on our list, paring some of the gains seen so far this year. One bedrooms dropped 2.3% to $2,130, while two bedrooms were down a slight 0.4% to $2,710.

– Seattle, WA rent prices were down 3.5% and 3% for one and two bedrooms, respectively. The city remained the 10th most expensive rental market in the country last month.

– Omaha, NE one bedrooms dropped 2.7% to $710, with two bedrooms also dipping 4.5% to $850.



2015 Year in Review

This past year saw rents increase across the vast majority of urban areas.

The largest increases in 2015 included:

Oakland +19%

Phoenix +15.4%

Long Beach +14.3%

Sacramento +14.1%

Baltimore +13.6%

The largest drops:

Cleveland -10.3%

Louisville -6.7%

Columbus, OH -6%

Philadelphia -5.3%

Minneapolis -4.8%

Albuquerque -4.8%

Yearly Rent Changes by City (1-bedroom)

About

The Zumper National Rent Report analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 50 metro areas by population, providing a comprehensive view of the current state of the market. The report is based on all data available in the month prior to publication.

To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Twitter, Pinterest, and Instagram. In the market for a new place? Search apartments for rent on Zumper.

To download our complete report, click here: Zumper National Rent Report: December 2015

Full Dataset

Enter cities in the search box to explore the table. All data taken from every active listing in November.

