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 Code | City | State | Total No. of Units | Average Rent |
|---|---|---|---|---|---|
| 1 | 10282 | Manhattan | NY | 1654 | $5,924 |
| 2 | 10065 | Manhattan | NY | 2180 | $4,898 |
| 3 | 10023 | Manhattan | NY | 3940 | $4,892 |
| 4 | 94129 | San Francisco | CA | 1120 | $4,762 |
| 5 | 10025 | Manhattan | NY | 2968 | $4,535 |
| 6 | 10024 | Manhattan | NY | 1606 | $4,525 |
| 7 | 10002 | Manhattan | NY | 648 | $4,441 |
| 8 | 10013 | Manhattan | NY | 731 | $4,422 |
| 9 | 94105 | San Francisco | CA | 2430 | $4,380 |
| 10 | 10036 | Manhattan | NY | 5340 | $4,375 |
| 11 | 10001 | Manhattan | NY | 4307 | $4,373 |
| 12 | 02199 | Boston | MA | 888 | $4,227 |
| 13 | 10003 | Manhattan | NY | 2384 | $4,178 |
| 14 | 10010 | Manhattan | NY | 3036 | $4,166 |
| 15 | 10022 | Manhattan | NY | $4,097 | |
| 16 | 94158 | San Francisco | CA | 1609 | $4,070 |
| 17 | 10028 | Manhattan | NY | 2631 | $4,014 |
| 18 | 10014 | Manhattan | NY | 867 | $4,010 |
| 19 | 10011 | Manhattan | NY | 2678 | $4,006 |
| 20 | 10128 | Manhattan | NY | 2786 | $3,977 |
| 20 | 10069 | Manhattan | NY | 1536 | $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 Code | City | State | Average Rent | Tiotal number of units | Number of Properties |
|---|---|---|---|---|---|---|
| 1 | 67213 | Wichita | KS | $407 | 383 | 3 |
| 2 | 67211 | Wichita | KS | $454 | 617 | 6 |
| 3 | 35601 | Decatur | AL | $458 | 1,299 | 10 |
| 4 | 38106 | Memphis | TN | $464 | 336 | 3 |
| 5 | 67204 | Wichita | KS | $475 | 511 | 3 |
| 6 | 31903 | Columbus | GA | $482 | 498 | 6 |
| 7 | 38127 | Memphis | TN | $487 | 1,325 | 11 |
| 8 | 67218 | Wichita | KS | $490 | 1,241 | 11 |
| 9 | 38114 | Memphis | TN | $494 | 1,477 | 10 |
| 10 | 46809 | Fort Wayne | IN | $495 | 772 | 5 |
| 11 | 35810 | Huntsville | AL | $503 | 422 | 4 |
| 12 | 37777 | Louisville | TN | $507 | 913 | 6 |
| 13 | 72076 | Gravel Ridge | AR | $508 | 968 | 11 |
| 14 | 67210 | Wichita | KS | $508 | 507 | 5 |
| 15 | 72301 | West Memphis | AR | $509 | 1,345 | 12 |
| 16 | 35611 | Athens | AL | $510 | 711 | 6 |
| 17 | 43611 | Toledo | OH | $518 | 327 | 4 |
| 18 | 67217 | Wichita | KS | $522 | 1,283 | 7 |
| 19 | 43616 | Oregon | OH | $522 | 1,079 | 7 |
| 20 | 43609 | Toledo | OH | $524 | 651 | 4 |
| 21 | 46816 | Fort Wayne | IN | $524 | 2,112 | 8 |
| 22 | 43612 | Toledo | OH | $526 | 886 | 8 |
| 23 | 40215 | Louisville | KY | $527 | 607 | 3 |
| 24 | 35805 | Huntsville | AL | $530 | 2,108 | 15 |
| 25 | 63137 | St. Louis | MO | $530 | 709 | 8 |
| 26 | 46550 | Nappanee | IN | $531 | 233 | 4 |
| 27 | 48420 | Clio | MI | $538 | 664 | 5 |
| 28 | 46201 | Indianapolis | IN | $540 | 208 | 3 |
| 29 | 72209 | Little Rock | AR | $544 | 2,595 | 15 |
| 30 | 67501 | Hutchinson | KS | $544 | 217 | 3 |
| 31 | 43620 | Toledo | OH | $545 | 307 | 3 |
| 32 | 89703 | Carson City | NV | $547 | 342 | 3 |
| 33 | 72118 | North Little Rock | AR | $548 | 836 | 5 |
| 34 | 38118 | Memphis | TN | $548 | 4,572 | 20 |
| 35 | 45414 | Dayton | OH | $549 | 521 | 4 |
| 36 | 73109 | Oklahoma City | OK | $549 | 803 | 7 |
| 37 | 29646 | Greenwood | SC | $549 | 516 | 5 |
| 38 | 74116 | Tulsa | OK | $549 | 579 | 3 |
| 39 | 43613 | Toledo | OH | $550 | 1,274 | 10 |
| 40 | 67203 | Wichita | KS | $551 | 2,967 | 19 |
| 41 | 32209 | Jacksonville | FL | $553 | 354 | 3 |
| 42 | 44111 | Cleveland | OH | $557 | 820 | 5 |
| 43 | 48458 | Mount Morris | MI | $557 | 430 | 3 |
| 44 | 46805 | Fort Wayne | IN | $560 | 951 | 5 |
| 45 | 67216 | Wichita | KS | $560 | 948 | 5 |
| 46 | 45225 | Cincinnati | OH | $561 | 531 | 5 |
| 47 | 32310 | Tallahassee | FL | $561 | 405 | 5 |
| 48 | 45232 | Cincinnati | OH | $562 | 566 | 3 |
| 49 | 38109 | Memphis | TN | $562 | 648 | 4 |
| 50 | 73107 | Oklahoma City | OK | $562 | 743 | 7 |
| 51 | 38116 | Memphis | TN | $563 | 6,460 | 28 |
| 52 | 74129 | Tulsa | OK | $564 | 1,788 | 10 |
| 53 | 73036 | El Reno | OK | $564 | 337 | 3 |
| 54 | 53208 | Milwaukee | WI | $564 | 449 | 6 |
| 55 | 35603 | Decatur | AL | $566 | 1,470 | 11 |
| 56 | 31204 | Macon | GA | $566 | 971 | 11 |
| 57 | 64050 | Independence | MO | $567 | 639 | 5 |
| 58 | 49107 | Buchanan | MI | $568 | 535 | 5 |
| 59 | 27105 | Winston-Salem | NC | $569 | 2,314 | 14 |
| 60 | 73127 | Oklahoma City | OK | $570 | 3,252 | 25 |
| 61 | 44110 | Cleveland | OH | $571 | 676 | 5 |
| 62 | 46563 | Plymouth | IN | $573 | 232 | 3 |
| 63 | 46235 | Indianapolis | IN | $573 | 2,884 | 10 |
| 64 | 15227 | Brentwood | PA | $573 | 1,491 | 7 |
| 65 | 45205 | Cincinnati | OH | $574 | 605 | 5 |
| 66 | 48234 | Detroit | MI | $574 | 610 | 3 |
| 67 | 68104 | Omaha | NE | $574 | 407 | 3 |
| 68 | 35020 | Bessemer | AL | $575 | 419 | 3 |
| 69 | 48228 | Detroit | MI | $576 | 940 | 6 |
| 70 | 44109 | Cleveland | OH | $576 | 685 | 5 |
| 71 | 38122 | Memphis | TN | $577 | 653 | 5 |
| 72 | 31093 | Warner Robins | GA | $577 | 1,686 | 14 |
| 73 | 74112 | Tulsa | OK | $578 | 614 | 5 |
| 74 | 40160 | Radcliff | KY | $578 | 752 | 6 |
| 75 | 43223 | Columbus | OH | $578 | 956 | 9 |
| 76 | 48503 | Flint | MI | $579 | 1,010 | 8 |
| 77 | 74146 | Tulsa | OK | $581 | 2,469 | 11 |
| 78 | 31206 | Macon | GA | $582 | 973 | 10 |
| 79 | 85714 | Tucson | AZ | $583 | 1,050 | 7 |
| 80 | 45377 | Vandalia | OH | $584 | 352 | 3 |
| 81 | 63111 | St. Louis | MO | $584 | 623 | 4 |
| 82 | 73119 | Oklahoma City | OK | $584 | 1,522 | 10 |
| 83 | 73018 | Chickasha | OK | $585 | 282 | 3 |
| 84 | 44052 | Lorain | OH | $585 | 232 | 4 |
| 85 | 38128 | Memphis | TN | $585 | 4,504 | 22 |
| 86 | 76541 | Killeen | TX | $585 | 1,739 | 13 |
| 87 | 85019 | Phoenix | AZ | $585 | 2,135 | 12 |
| 88 | 63069 | Pacific | MO | $587 | 315 | 3 |
| 89 | 31211 | Macon | GA | $587 | 1,556 | 11 |
| 90 | 98902 | Yakima | WA | $589 | 361 | 5 |
| 91 | 73115 | Del City | OK | $590 | 728 | 7 |
| 92 | 37803 | Maryville | TN | $591 | 241 | 3 |
| 93 | 44053 | Lorain | OH | $592 | 1,317 | 11 |
| 94 | 36619 | Mobile | AL | $592 | 336 | 3 |
| 95 | 35769 | Scottsboro | AL | $592 | 276 | 3 |
| 96 | 70805 | Baton Rouge | LA | $592 | 576 | 5 |
| 97 | 74136 | Tulsa | OK | $593 | 7,408 | 31 |
| 98 | 30906 | Augusta | GA | $593 | 1,738 | 17 |
| 99 | 45505 | Springfield | OH | $594 | 390 | 5 |
| 100 | 79336 | Levelland | TX | $594 | 298 | 3 |
| 101 | 48507 | Flint | MI | $595 | 1,551 | 9 |
| 102 | 74006 | Bartlesville | OK | $596 | 670 | 6 |
| 103 | 66102 | Kansas City | KS | $596 | 1,033 | 11 |
| 104 | 67207 | Wichita | KS | $596 | 3,599 | 22 |
| 105 | 63136 | Ferguson | MO | $597 | 2,299 | 13 |
| 106 | 40505 | Lexington | KY | $597 | 1,230 | 11 |
| 107 | 78520 | Brownsville | TX | $597 | 716 | 8 |
| 108 | 46218 | Indianapolis | IN | $599 | 521 | 5 |
| 109 | 73122 | Oklahoma City | OK | $599 | 1,530 | 12 |
| 110 | 72019 | Benton | AR | $599 | 516 | 3 |
Table by RentCafe.
Other cities of note are Memphis, TN; Columbus, GA; Fort Wayne, IN; Huntsville, AL; Louisville, TN; West Memphis, AR; Athens, AL; Toledo, OH; Oregon, OH; St. Louis, MO; Nappanee, IN; Clio, MI; Indianapolis, IN; Little Rock, AR; Hutchinson, KS; Carson City, NV; Dayton, OH; Greenwood, SC; Tulsa, OK; Jacksonville, FL; Cleveland, OH; Mount Morris, MI; Cincinnati, OH; Tallahassee, FL; Oklahoma City, OK; El Reno, OK; Milwaukee, WI; Macon, GA; Independence, MO; Buchanan, MI; Brentwood, PA; Omaha, NE; Detroit, MI; Bessemer, AL; Radcliff, KY; Flint, MI; Tucson, AZ; Vandalia, OH; Lorain, OH; Killeen, TX; Phoenix, AZ; Pacific, MO; Yakima, WA; Del City, OK; Mobile, AL and Scottsboro, AL.
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/.
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