Where Rental Costs Are Running Up Budgets

April 8, 2019

Rental costs across the country have surged, jumping 13 percent over the past five years for a two-bedroom place, according to Apartment List data.

But in some locations, the typical renter is paying $10,000 or even $30,000 a month. Realtor.com®’s research team pinpointed the cities where residents are paying the highest amounts of rent in the country. They analyzed two-bedroom rentals listed on realtor.com® in March and calculated the median rent price for ZIP codes nationwide. Researchers narrowed their list to no more than two neighborhoods per state for geographic diversity. For comparison, the median rent for apartments across the country is $1,100 per month.

The priciest rental markets in the U.S. are:

The Hamptons (Montauk, N.Y.)

  • ZIP code: 11954
  • Median two-bedroom rent: $30,000

Aspen, Colo.

  • ZIP code: 81611
  • Median two-bedroom rent: $12,000

Century City (Los Angeles)

  • ZIP code: 90067
  • Median two-bedroom rent: $10,750

Fisher Island (Miami)

  • ZIP code: 33109
  • Median two-bedroom rent: $9,250

Tribeca (New York)

  • ZIP code: 10007
  • Median two-bedroom rent: $8,195

Park Shore (Naples, Fla.)

  • ZIP code: 34103
  • Median two-bedroom rent: $6,500

South Beach (San Francisco)

  • ZIP code: 94105
  • Median two-bedroom rent: $6,499

View the full list and more about each market at realtor.com®.