The Renter Budget: Most and Least Costly Cities

Renters’ budgets are being stretched in many cities—but some more than others, according to a new study by GOBankingRates. The most costly:

1. San Francisco, Calif.
   Median Rent (One-Bedroom Apartment): $3,395

2. San Jose, Calif.
   Median Rent (One-Bedroom Apartment): $2,505

3. New York
   Median Rent (One-Bedroom Apartment): $2,395
   

4. Washington, D.C.
   Median Rent (One-Bedroom Apartment): $2,271
   

5. Jersey City, N.J.
   Median Rent (One-Bedroom Apartment): $2,200

The least costly:

1. El Paso, Texas
   Median Rent (One-Bedroom Apartment): $555

2. Detroit, Mich.
   Median Rent (One-Bedroom Apartment): $600

3. Wichita, Kan.
   Median Rent (One-Bedroom Apartment): $625

4. Tucson, Ariz.
   Median Rent (One-Bedroom Apartment): $628

5. Fresno, Calif.
   Median Rent (One-Bedroom Apartment): $650
   

Source: GOBankingRates

For the latest real estate news and trends, bookmark RISMedia.com.