Based on rent price and incomes in the area.
14. Philadelphia: Rittenhouse Square (A one-bedroom apartment is $1,860 a month)
13. Pasadena, Calif.: Southwest Pasadena (A one-bedroom apartment rents for an average $2,957)
12. San Diego, Calif.: Harborview (A one-bedroom apartment rents for $2,206 )
11. Washington, D.C.: Foggy Bottom/GWU/West End (. A one-bedroom apartment rents for an average $2,662 )
10. Oakland/Emeryville, Calif.: Golden Gate ( A one-bedroom apartment rents for $2,695)
9. Queens, N.Y.: Hunters Point () an average $2,811 in rent each month for a one bedroom
8. Jersey City, N.J.: Historic Downtown (,$3,068 to rent a one-bedroom apartment )
7. Newport Beach, Calif.: Newport Center ( The average cost for a month’s rent: $3,133)
6. Palo Alto, Calif.: Crescent Park ( one-bedroom averages $3,157 a month)
5. Great Neck, N.Y. (Nassau County): Great Neck Plaza ( one-bedroom averages $3,223)5.
4. San Francisco: Yerba Buena ( average one-bedroom $3,643 a month.)
3. Boston: Government Center (Average rent for a one-bedroom: $3,782)
2. Brooklyn, N.Y.: DUMBO (Down Under the Manhattan Bridge Overpass (It costs an average $4,023 a month to rent a one bedroom)
1. Manhattan, N.Y.: Penn Plaza/Garment District (Average of $4,440 a month to live in a one-bedroom apartment )
(Via Apartments.com)
This should be normalized by:
ReplyDelete1. Square footage and amount of total rooms in unit
2. Amenities, i.e., age of building/unit, age/installation of appliances, washer/dryer in unit/in building/not installed
A "one-bedroom" apartment is a useless metric.
LOL Do you seriously think the apartments in Manhattan and Brooklyn are large than those in San Diego and Pasadena? The differences would be accentuated,
DeletePutting these prices into political perspective, we can conclude: The idiocy of politicians believing they could make homes affordable ( eg Barney Frank etc) to more, not only resulted in the 2008 financial crises, and the overstimulation of home prices, but even spilled over into the rental markets.
ReplyDeleteIts bad enough if people can no longer afford the luxury of a house, but at least more modest income earners had the apartment rental options. Now thanks to an unenumerated power grab by Washington over real estate, even the rental market has become overpriced. A freshman in economics would have known that when dwellers are outpriced from home ownership (or foreclosed upon), the rental market occupancy rate, and thus rents will only escalate.
I am truly miffed! We all should be!