Many renters complain that the price of rent is often too high; but where is really it the highest in the United States? Here we take a detailed look into the actual rental real estate data behind the most expensive rent prices within the United States residential rental market, spotlighting various states and key metropolitan areas that stand out in terms of high rental costs.
Most Expensive State Rent
Hawaii (HI)
$2,4221
Most Expensive Metro Rent
New York Metro
$4,0221
Most Expensive City Rent
New York City, NY
$4,0351
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
10 Most Expensive Rent US States 2024
| Rank | State | Average Rent2 |
|---|---|---|
| #1 | Hawaii (HI) | $2,422 |
| #2 | California (CA) | $2,345 |
| #3 | New Hampshire (NH) | $2,034 |
| #4 | Rhode Island (RI) | $2,023 |
| #5 | New Jersey (NJ) | $1,943 |
| #6 | Vermont (VT) | $1,914 |
| #7 | Connecticut (CT) | $1,907 |
| #8 | Massachusetts (MA) | $1,854 |
| #9 | Colorado (CO) | $1,794 |
| #10 | Washington (WA) | $1,783 |
10 Most Expensive Rent US Metros 2024
| Rank | Metro | Average Rent2 |
|---|---|---|
| #1 | New York-Newark-Jersey City, NY Metro | $4,013 |
| #2 | San Francisco-Oakland-Berkeley, CA Metro | $3,411 |
| #3 | San Jose-Sunnyvale-Santa Clara, CA Metro | $3,329 |
| #4 | Los Angeles-Long Beach-Anaheim, CA Metro | $3,113 |
| #5 | Seattle-Bellevue, WA Metro | $2,943 |
| #6 | Boston-Cambridge-Quincy, MA-NH Metro | $2,920 |
| #7 | San Diego-Chula Vista-Carlsbad, CA Metro | $2,798 |
| #8 | Oakland-Fremont, CA HUD Metro | $2,678 |
| #9 | Nassau-Suffolk, NY Metro | $2,625 |
| #10 | Miami-Fort Lauderdale-Pompano Beach, FL Metro | $2,435 |
10 Most Expensive Rent US Cities 2024
| Rank | City3 | Average Rent2 |
|---|---|---|
| #1 | New York City, NY | $4,035 |
| #2 | San Francisco, CA | $3,411 |
| #3 | San Jose, CA | $3,329 |
| #4 | San Diego, CA | $3,203 |
| #5 | Seattle, WA | $2,934 |
| #6 | Boston, MA | $2,920 |
| #7 | Oakland, CA | $2,768 |
| #8 | Los Angeles, CA | $2,638 |
| #9 | Honolulu, HI | $2,508 |
| #10 | Miami, FL | $2,501 |
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Average Rent Prices by State
Analyzing U.S. rent prices by each state is an important aspect of market research that can unveils rental economic trends. With this information, real estate investors can better identify investment opportunities and understand market dynamics. Click on a State below to see its fair market residential rent price breakdown:
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Rent Prices by State in the United States
Data on rents across the United States can provide excellent insights into highs, lows, and emerging market trends.
Methodology
Areas with insufficient inventory or populations less than 150,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.