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The Most Expensive Zip Codes for Renters in 2017 – Mapped

Most Expensive ZIP COdes in the US 2017
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If you’re moving and looking to rent an apartment, you’ll want to compare rent prices in and around your area. No matter if you’re on the West Coast, the East Coast or somewhere in between, the handy map below will help you find the price of rent in your zip code or, if you’re curious, see where are this year’s most expensive rents in the country.

To create this map, we collected apartment rent averages for every state and every zip code in 125 major U.S. markets from Yardi Matrix. Hover over the map to see the average rent in your state. Zoom in and click to find how much the average rent is in your zip code. Explore further by using the small search button at the bottom of the to look up any location.


*Data provided by: Yardi Matrix.

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Can you guess where are the most expensive rents in the U.S.?

The posterchild for expensive housing, Manhattan boasts the highest apartment rents in the country, taking 8 out of the top 10 spots. San Francisco’s 94129 and 94105 zip codes take the #4 and #9 spots. Here are the top 20 most expensive zip codes for renters in the nation:

Top Most Expensive ZIP Codes

#ZIP CodeCityStateAverage Rent
110282ManhattanNY$5,924
210065ManhattanNY$4,898
310023ManhattanNY$4,892
494129San FranciscoCA$4,762
510025ManhattanNY$4,535
610024ManhattanNY$4,525
710002ManhattanNY$4,441
810013ManhattanNY$4,422
994105San FranciscoCA$4,380
1010036ManhattanNY$4,375
1110001ManhattanNY$4,373
1202199BostonMA$4,227
1310003ManhattanNY$4,178
1410010ManhattanNY$4,166
1510022ManhattanNY$4,097
1694158San FranciscoCA$4,070
1710028ManhattanNY$4,014
1810014ManhattanNY$4,010
1910011ManhattanNY$4,006
2010128ManhattanNY$3,977

Table by RENTCafé.

The top award for “most outrageous rent prices” this year goes to New York City’s 10282 (Battery Park City), where rent costs on average almost $6,000/month. The affluent lower Manhattan neighborhood is an excellent choice if you’re a Financial District or Wall Street professional and love waterfront residences, green spaces, and quiet streets in the heart of the city.

The second location of choice for wealthy renters is 10065 (Upper East Side), where rental apartments go for $4,898/month, on average. You’ll find the third most expensive apartments in zip code 10023 (Upper West Side), renting for a hefty average of $4,892/month.

What are the best locations to find cheap rent?

If you’re looking to trade off the pricey big city life for as little rent as possible, then you may want to consider moving to Wichita, Kansas. Zip codes 67213 and 67211, both located in Wichita, have average rent prices starting around $400/month. Why would you move to Kansas? You might be interested in getting an aircraft manufacturing job or are just attracted by the idea that a month of rent in Manhattan will get you a year worth of rent here. There’s also Decatur, Alabama, where you’ll find apartments for $458/month on average. In fact, there are 10 zip codes with rents under $500/month to choose from.

Want to pay less than half the national average monthly rent? Here’s a list of U.S. zip codes with rents under $600/month:

ZIP Codes with Average Rents Below $600

#ZIP CodeCityStateAverage Rent
167213WichitaKS$407
267211WichitaKS$454
335601DecaturAL$458
438106MemphisTN$464
567204WichitaKS$475
631903ColumbusGA$482
738127MemphisTN$487
867218WichitaKS$490
938114MemphisTN$494
1046809Fort WayneIN$495
1135810HuntsvilleAL$503
1237777LouisvilleTN$507
1372076Gravel RidgeAR$508
1467210WichitaKS$508
1572301West MemphisAR$509
1635611AthensAL$510
1743611ToledoOH$518
1867217WichitaKS$522
1943616OregonOH$522
2043609ToledoOH$524
2146816Fort WayneIN$524
2243612ToledoOH$526
2340215LouisvilleKY$527
2435805HuntsvilleAL$530
2563137St. LouisMO$530
2646550NappaneeIN$531
2748420ClioMI$538
2846201IndianapolisIN$540
2972209Little RockAR$544
3067501HutchinsonKS$544
3143620ToledoOH$545
3289703Carson CityNV$547
3372118North Little RockAR$548
3438118MemphisTN$548
3545414DaytonOH$549
3673109Oklahoma CityOK$549
3729646GreenwoodSC$549
3874116TulsaOK$549
3943613ToledoOH$550
4067203WichitaKS$551
4132209JacksonvilleFL$553
4244111ClevelandOH$557
4348458Mount MorrisMI$557
4446805Fort WayneIN$560
4567216WichitaKS$560
4645225CincinnatiOH$561
4732310TallahasseeFL$561
4845232CincinnatiOH$562
4938109MemphisTN$562
5073107Oklahoma CityOK$562
5138116MemphisTN$563
5274129TulsaOK$564
5373036El RenoOK$564
5453208MilwaukeeWI$564
5535603DecaturAL$566
5631204MaconGA$566
5764050IndependenceMO$567
5849107BuchananMI$568
5927105Winston-SalemNC$569
6073127Oklahoma CityOK$570
6144110ClevelandOH$571
6246563PlymouthIN$573
6346235IndianapolisIN$573
6415227BrentwoodPA$573
6545205CincinnatiOH$574
6648234DetroitMI$574
6768104OmahaNE$574
6835020BessemerAL$575
6948228DetroitMI$576
7044109ClevelandOH$576
7138122MemphisTN$577
7231093Warner RobinsGA$577
7374112TulsaOK$578
7440160RadcliffKY$578
7543223ColumbusOH$578
7648503FlintMI$579
7774146TulsaOK$581
7831206MaconGA$582
7985714TucsonAZ$583
8045377VandaliaOH$584
8163111St. LouisMO$584
8273119Oklahoma CityOK$584
8373018ChickashaOK$585
8444052LorainOH$585
8538128MemphisTN$585
8676541KilleenTX$585
8785019PhoenixAZ$585
8863069PacificMO$587
8931211MaconGA$587
9098902YakimaWA$589
9173115Del CityOK$590
9237803MaryvilleTN$591
9344053LorainOH$592
9436619MobileAL$592
9535769ScottsboroAL$592
9670805Baton RougeLA$592
9774136TulsaOK$593
9830906AugustaGA$593
9945505SpringfieldOH$594
10079336LevellandTX$594
10148507FlintMI$595
10274006BartlesvilleOK$596
10366102Kansas CityKS$596
10467207WichitaKS$596
10563136FergusonMO$597
10640505LexingtonKY$597
10778520BrownsvilleTX$597
10846218IndianapolisIN$599
10973122Oklahoma CityOK$599
11072019BentonAR$599

Table by RENTCafé.

 

Methodology:
  • This study uses the actual rent charged in apartment buildings with 50 or more rental units, located in 125 U.S. markets, totaling approximately 15 million apartment units.
  • Zip codes with less than 200 rental units and less than 3 properties were not included in the study.
  • Average rent prices are as of March 2017.
  • Rent data provided by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. For more information, visit https://www.yardimatrix.com/.

 

Fair use and redistribution

We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to RENTCafé.com or this page, so that your readers can learn more about this project, the research behind it and its methodology. For more in-depth, customized data, please contact us at media@rentcafe.com.

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About the author

Nadia Balint

Nadia Balint is an online content developer and creative writer for RENTCafé. She loves writing and reading about real estate, lifestyle and travel. She finds joy and inspiration in the little things in life. You can get in touch with Nadia via email: nadia.balint@yardi.com.

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