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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  January 8, 2008  |   10 Most Expensive Cities for Renters
It’s good news for landlords that mortgage applications fell to their lowest level in a year last month because people have to live somewhere and if they can’t or won’t buy, they’ll have to rent.

Here are the nation’s 10-most-expensive cities for renters and the average rents. The data is provided by Marcus & Millichap.
  1. New York, N.Y.: $2,922
  2. San Francisco: $1,904
  3. Boston: $1,658
  4. San Jose, Calif.: $1,612
  5. Los Angeles: $1,452
  6. San Diego: $1,304
  7. Washington, D.C.: $1,302
  8. Miami: $1,080
  9. Philadelphia: $1,014
  10. Chicago: $1,010

Source: Forbes, Matt Woolsey (01/07/08)

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