Tuesday, January 08, 2008

Most Expensive Cities for Renters

It’s good news for landlords that mortgage applications fell to their lowest level in a year last month because people have to live somewhere and if they can’t or won’t buy, they’ll have to rent.Here are the nation’s 10-most-expensive cities for renters and the average rents. The data is provided by Marcus & Millichap.

New York, N.Y.: $2,922
San Francisco: $1,904
Boston: $1,658
San Jose, Calif.: $1,612
Los Angeles: $1,452
San Diego: $1,304
Washington, D.C.: $1,302
Miami: $1,080
Philadelphia: $1,014
Chicago: $1,010

Source: Forbes, Matt Woolsey (01/07/08)

No comments: