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 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)
$2,3351
Most Expensive Metro Rent
New York Metro
$4,0221
Most Expensive City Rent
New York City, NY
$4,3731
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 2023
| Rank | State | Average Rent2 |
|---|---|---|
| #1 | Hawaii (HI) | $2,335 |
| #2 | California (CA) | $2,110 |
| #3 | New Hampshire (NH) | $1,874 |
| #4 | Rhode Island (RI) | $1,763 |
| #5 | Connecticut (CT) | $1,760 |
| #6 | Massachusetts (MA) | $1,696 |
| #7 | Vermont (VT) | $1,629 |
| #8 | Nevada (NV) | $1,612 |
| #9 | Colorado (CO) | $1,608 |
| #10 | Washington (WA) | $1,546 |
10 Most Expensive Rent US Metros 2023
| Rank | Metro | Average Rent2 |
|---|---|---|
| #1 | New York-Newark-Jersey City, NY Metro | $4,022 |
| #2 | San Francisco-Oakland-Berkeley, CA Metro | $3,192 |
| #3 | San Jose-Sunnyvale-Santa Clara, CA Metro | $3,060 |
| #4 | Seattle-Bellevue, WA Metro | $2,609 |
| #5 | Boston-Cambridge-Quincy, MA-NH Metro | $2,561 |
| #6 | San Diego-Chula Vista-Carlsbad, CA Metro | $2,536 |
| #7 | Los Angeles-Long Beach-Anaheim, CA Metro | $2,319 |
| #8 | Miami-Fort Lauderdale-Pompano Beach, FL Metro | $2,037 |
| #9 | Washington-Arlington-Alexandria, DC-VA-MD Metro | $1,896 |
| #10 | Denver-Aurora-Lakewood, CO Metro | $1,876 |
10 Most Expensive Rent US Cities 2023
| Rank | City3 | Average Rent2 |
|---|---|---|
| #1 | New York City, NY | $4,373 |
| #2 | San Francisco, CA | $3,611 |
| #3 | San Jose, CA | $3,388 |
| #4 | Sunnyvale, CA | $3,360 |
| #5 | Boston, MA | $3,169 |
| #6 | Los Angeles, CA | $3,205 |
| #7 | San Diego, CA | $3,203 |
| #8 | Huntington Beach, CA | $3,298 |
| #9 | Jersey City, NJ | $2,951 |
| #10 | Miami, FL | $2,928 |
Average Rent Prices by US State 2023
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.
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