Think Reno rents are bad? California is still worse
Nine of the 10 highest-rent cities in the U.S. are in California. Wochit
While Reno's housing shortage has helped to drive the average rent to $1,100 a month, California renters have it much worse.
Nine of the U.S. cities with the most expensive one-bedroom apartments in June were in California, according to data from Zillow, a real estate research firm.
In San Francisco, a median one-bedroom apartment listing asked renters to pay $3,395, the highest in the country.
Next came Marina del Rey and Santa Monica, both in western Los Angeles county, with one-bedrooms at $3,190 and $2,950.
Then came a line of cities along the southwestern San Francisco Bay: Foster City at $2,878; San Mateo at $2,650; Santa Clara at $2,619 and Sunnyvale at $2,615.
Rounding out the top 10 were Laguna Beach, in Orange County, with one-bedrooms asking a median of $2,600; then Broxville, a Westchester County suburb of New York City, with rents at $2,575, and finally San Jose, where a median one-bedroom asked $2,505.
One bright spot: Rents actually fell about 3 percent in San Francisco between June 2016 and June 2017, according to Zillow's data.
Key takeaways: The average U.S. apartment rent increased by $6 in March, reaching $1,312 according to Yardi Matrix. Again the California cities make up the bulk of the rent-growth list, with twelve of the top 20 cities located within the state’s borders. This time Lancaster and Stockton took the No. 1 and No. 2 spots. New York has the nation’s highest rents, and San Francisco, with the second highest rent, saw the biggest y-o-y rent drop in the nation for March, decreasing 4.3% over the year. Wochit