Wednesday, August 2, 2023

San Jose dethrones New York as most expensive rental market

Cheers to awards we don't want to win! In June the San Jose metro became the most expensive place to rent a home in the United States--beating out both New York and San Francisco. The median rent for a typical apartment, condo, or single family home in San Jose hit a staggering $3,411 per month. This just edged out the notoriously expensive New York Metro, which came in at $3,405.

Third place on the list was also a surprise. San Diego surpassed our neighbor up north with a median rent of $3,175/mo. San Francisco was fourth at $3,168 and Boston rounded out the top five at $3,045.

Source: TheRealDeal, Discophil from Skyscraper City

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