The 10 most expensive U.S. cities for renters
10. Newport Beach, California rounded out the top 10 most expensive U.S. cities for renters, with an average monthly rent of $4,178 in 2022
9. San Diego, California rent increased 25.85% year-over-year, with residents paying an average monthly rent of $4,202
8. Redmond, Washington saw a massive percent increase in rent year-over-year at 86.11%. The average rent there was $4,222
7. Hoboken, New Jersey experienced a 21.46% rental increase on average. Residents were paying $4,264 for rent on average in 2022
6. Coral Gables, Florida saw rents increase 43.34% year-over-year — paying an average of $4,310 per month in 2022
5. Santa Monica, California, ranked fifth on the list with an average monthly cost of $4,357, an increase of 15.07% over 2021
4. Glendale, California, also had a 36.32% percent growth in average rent, with the average amount at $4,472 in 2022
3. Palo Alto, California, saw double-digit rent hikes at 31.34% over the past year, with the average rent in 2022 at $4,672, according to the report
2. Boston was listed as the second-highest rent in the U.S. with the average rental rate jumping from $4,164 in 2021 to $4,878 in 2022 — a 17.14% annual rent increase
1. Jersey City, New Jersey, which is located across the Hudson River from Manhattan, ranked as the No. 1 city for the highest rent in the United States during the survey period. The average monthly rent in Jersey City increased from $3,308 in 2021 to $5,500 in 2022, according to the report — which is an increase of 66.25%.