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The Most Expensive Zip Codes for Renters in 2017 – Mapped

Updated May 2018

If you’re moving and looking to rent an apartment, you’ll want to compare rent prices in and around your area, whether you’re in Los Angeles, Houston, or Philadelphia. No matter if you’re on the West Coast, the East Coast or somewhere in between, here are this year’s most expensive and least expensive rents in the country, by zip code. We collected apartment rent averages for every state and every zip code in 125 major U.S. markets from apartment intelligence company Yardi Matrix.

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

The poster child 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:

#ZIP CodeCityStateTotal No. of UnitsAverage Rent
110282ManhattanNY1654$5,924
210065ManhattanNY2180$4,898
310023ManhattanNY3940$4,892
494129San FranciscoCA1120$4,762
510025ManhattanNY2968$4,535
610024ManhattanNY1606$4,525
710002ManhattanNY648$4,441
810013ManhattanNY731$4,422
994105San FranciscoCA2430$4,380
1010036ManhattanNY5340$4,375
1110001ManhattanNY4307$4,373
1202199BostonMA888$4,227
1310003ManhattanNY2384$4,178
1410010ManhattanNY3036$4,166
1510022ManhattanNY$4,097
1694158San FranciscoCA1609$4,070
1710028ManhattanNY2631$4,014
1810014ManhattanNY867$4,010
1910011ManhattanNY2678$4,006
2010128ManhattanNY2786$3,977
2010069ManhattanNY1536$3,965

Table by RentCafe.

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 CodeCityStateAverage RentTiotal number of unitsNumber of Properties
167213WichitaKS$4073833
267211WichitaKS$4546176
335601DecaturAL$4581,29910
438106MemphisTN$4643363
567204WichitaKS$4755113
631903ColumbusGA$4824986
738127MemphisTN$4871,32511
867218WichitaKS$4901,24111
938114MemphisTN$4941,47710
1046809Fort WayneIN$4957725
1135810HuntsvilleAL$5034224
1237777LouisvilleTN$5079136
1372076Gravel RidgeAR$50896811
1467210WichitaKS$5085075
1572301West MemphisAR$5091,34512
1635611AthensAL$5107116
1743611ToledoOH$5183274
1867217WichitaKS$5221,2837
1943616OregonOH$5221,0797
2043609ToledoOH$5246514
2146816Fort WayneIN$5242,1128
2243612ToledoOH$5268868
2340215LouisvilleKY$5276073
2435805HuntsvilleAL$5302,10815
2563137St. LouisMO$5307098
2646550NappaneeIN$5312334
2748420ClioMI$5386645
2846201IndianapolisIN$5402083
2972209Little RockAR$5442,59515
3067501HutchinsonKS$5442173
3143620ToledoOH$5453073
3289703Carson CityNV$5473423
3372118North Little RockAR$5488365
3438118MemphisTN$5484,57220
3545414DaytonOH$5495214
3673109Oklahoma CityOK$5498037
3729646GreenwoodSC$5495165
3874116TulsaOK$5495793
3943613ToledoOH$5501,27410
4067203WichitaKS$5512,96719
4132209JacksonvilleFL$5533543
4244111ClevelandOH$5578205
4348458Mount MorrisMI$5574303
4446805Fort WayneIN$5609515
4567216WichitaKS$5609485
4645225CincinnatiOH$5615315
4732310TallahasseeFL$5614055
4845232CincinnatiOH$5625663
4938109MemphisTN$5626484
5073107Oklahoma CityOK$5627437
5138116MemphisTN$5636,46028
5274129TulsaOK$5641,78810
5373036El RenoOK$5643373
5453208MilwaukeeWI$5644496
5535603DecaturAL$5661,47011
5631204MaconGA$56697111
5764050IndependenceMO$5676395
5849107BuchananMI$5685355
5927105Winston-SalemNC$5692,31414
6073127Oklahoma CityOK$5703,25225
6144110ClevelandOH$5716765
6246563PlymouthIN$5732323
6346235IndianapolisIN$5732,88410
6415227BrentwoodPA$5731,4917
6545205CincinnatiOH$5746055
6648234DetroitMI$5746103
6768104OmahaNE$5744073
6835020BessemerAL$5754193
6948228DetroitMI$5769406
7044109ClevelandOH$5766855
7138122MemphisTN$5776535
7231093Warner RobinsGA$5771,68614
7374112TulsaOK$5786145
7440160RadcliffKY$5787526
7543223ColumbusOH$5789569
7648503FlintMI$5791,0108
7774146TulsaOK$5812,46911
7831206MaconGA$58297310
7985714TucsonAZ$5831,0507
8045377VandaliaOH$5843523
8163111St. LouisMO$5846234
8273119Oklahoma CityOK$5841,52210
8373018ChickashaOK$5852823
8444052LorainOH$5852324
8538128MemphisTN$5854,50422
8676541KilleenTX$5851,73913
8785019PhoenixAZ$5852,13512
8863069PacificMO$5873153
8931211MaconGA$5871,55611
9098902YakimaWA$5893615
9173115Del CityOK$5907287
9237803MaryvilleTN$5912413
9344053LorainOH$5921,31711
9436619MobileAL$5923363
9535769ScottsboroAL$5922763
9670805Baton RougeLA$5925765
9774136TulsaOK$5937,40831
9830906AugustaGA$5931,73817
9945505SpringfieldOH$5943905
10079336LevellandTX$5942983
10148507FlintMI$5951,5519
10274006BartlesvilleOK$5966706
10366102Kansas CityKS$5961,03311
10467207WichitaKS$5963,59922
10563136FergusonMO$5972,29913
10640505LexingtonKY$5971,23011
10778520BrownsvilleTX$5977168
10846218IndianapolisIN$5995215
10973122Oklahoma CityOK$5991,53012
11072019BentonAR$5995163

Table by RentCafe.

 

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 RentCafe.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.

Nadia Balint
Nadia Balint
Nadia Balint is a senior creative writer for RENTCafé. She covers news and trends in residential and commercial real estate and their impact on our everyday life, including rental housing, for-sale housing, real estate development, homeownership, market reports, insurance, landlord-tenant laws, personal finance, urban development, economy, sustainability, and social issues. Nadia holds a B.S. in Business Management from Northeastern Illinois University in Chicago. You can connect with Nadia via email. Nadia’s work and expertise have been quoted by major national and local media outlets, including CNN, CNBC, CBS News, Curbed, The NY Post, The Chicago Tribune, The Denver Post as well as industry publications, such as GlobeSt, Bisnow, Inman News, Multifamily Executive, and The Commercial Real Estate Show. Nadia also wrote for Multi-Housing News, Commercial Property Executive, HubSpot, and more. Prior to entering the real estate industry, Nadia worked in the legal field, where she gained over 10 years of experience in business, corporate, and real estate law.

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