But what about the most expensive ZIP codes to rent in?
Well, a new report from Yardi Matrix looks at the most expensive rents in more than 130 major U.S. rental markets.
Overall, 28 of the 50 ZIP codes with the highest rents are located in New York City. There are 12 located in the San Francisco Bay Area, six in Southern California and four in Boston.
ZIP code 10282 in Manhattan, New York is No. 1 for most expensive apartment rent, with the average price per month $6,211. This is the third year this ZIP code has been in the No. 1. RENTCafe says it is most likely due to the increase in demand after high-end restaurants and big-name luxury dealers have made that ZIP their home, too.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.