The Most Expensive Rental Market Is... – NMP Skip to main content

The Most Expensive Rental Market Is...

Jan 05, 2017
San Francisco

It may be a new year, but when it comes to the apartment rental market it seems that nothing much has changed.
 
According to new data from ABODO, San Francisco leads the nation with the highest rent: an average of $3,526 for a one-bedroom. New York City ranks second with an average rent $2,935, with San Jose and Boston following at $2,508 and $2,423, respectively.
 
Nonetheless, ABODO determined that 2016 was not such a bad year for rent increases: one-bedroom apartments nationwide experienced, on average, a month-over-month increase of 0.67 percent, which equals about an additional $85 in housing costs for renters. The average price for a one-bedroom apartment nationwide last year was $1,001 per month, with Columbus, Ga. experienced the largest average monthly increase (5.5 percent) in 2016 while San Francisco’s neighboring city Oakland experienced the largest average monthly decrease (-4.1 percent). However, Oakland is now ranked as the sixth most expensive rental market, with an average of $2,038 per month for a one-bedroom unit.
About the author
Published
Jan 05, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026