San Francisco, the most expensive city in the U.S.

By Updated at 2014-01-07 03:23:19 +0000

San-francisco-diaalnews.com

1. San Francisco

Median studio apartment: $2,295

Median one-bedroom apartment: $2,898

Median two-bedroom apartment: $3,930

San Francisco takes the top spot as the most expensive city in the U.S. to rent, edging out New York by a couple of bucks. The median rental price in the City by the Bay is $3,396.

Kobs, who lives in the city, said the market is "dog eat dog."

"I'll walk down the street here in San Francisco and see 40 or 50 people on the sidewalk, and I think there's a new brunch place opening up," he said. "It'll end up being an open house."

2. New York

Median studio apartment: $2,300

Median one-bedroom apartment: $2,950

Median two-bedroom apartment: $3,550

With a median price of nearly $3,344 a month, New York's rents are as high as its skyscrapers. The city's studio apartments are the most expensive on the list, so going small won't save renters much money.

3. Boston

Median studio apartment: $2,000

Median one-bedroom apartment: $2,965

Median two-bedroom apartment: $3,505

Although Boston is one of the smaller cities on the list, it is one of the most expensive places to rent, and that doesn't even include the super wealthy Cambridge area. Boston's median rent price is a whopping $3,190. Boston also has the most expensive one-bedroom apartment price in the U.S.

4. Washington, D.C.

Median studio apartment: $1,675

Median one-bedroom apartment: $2,190

Median two-bedroom apartment: $3,110

Rent prices in the nation's capital are expensive -- the median price beats out L.A. by more than $500, coming in at $2,699 per month. Traditionally, Washington, D.C., has been an expensive city to live, and that hasn't changed this year.

5. Los Angeles

Median studio apartment: $1,405

Median one-bedroom apartment: $1,740

Median two-bedroom apartment: $2,406

Homes and apartments aren't cheap in L.A., so it's a little surprising that the city appears only halfway down the top 10. With a median rent price hitting $2,177, Los Angeles' rent prices are considerably less expensive than the remaining cities on the list.

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