Singer Maren Morris leaving country music, blames the ‘Trump years’ĭemocrats move to suspend Senate rules to advance stalled spending billįetterman mocks Nate Silver over Senate dress code: ‘I dress like you. Trump rules out seeking a third White House term if he wins reelectionīiden trails Trump, Haley, Scott in 2024 race: poll House Dem leader offers support for VP Harris after Pelosi remarks raise. Jordan demands documents from Hunter Biden probe, interview with top prosecutor House GOP tensions in shutdown drama boil over The average two-bedroom unit now costs $4,000 a month in New York and San Francisco.
Average monthly rent for a two-bedroom in the 100 largest cities rose from $1,708 in February 2022 to $1,824 in February 2023. Rents are rising for two-bedroom apartments, as well. and in Jersey City ($2,980), across the river from New York. suburb in Santa Ana ($2,070), across the Orange Curtain from L.A. Monthly rents are soaring elsewhere too: in Oakland ($2,250) and San Jose ($2,490), lower-cost alternatives to San Francisco in Arlington ($2,280), the D.C. In neighboring Fort Lauderdale, nominally cheaper, rent has reached $2,000. Potential renters may be disheartened, however, to learn that a one-bedroom in Miami now costs an average of $2,600. Several other cities in the report’s top 10 are infamous for lofty rents, including San Francisco ($3,000 for a one-bedroom), Boston ($2,990), Los Angeles ($2,370) and Washington, D.C.
That a one-bedroom New York apartment now costs $3,550 a month on average may surprise no one. “With interest rates expected to rise further in 2023, we anticipate continued deceleration in rent rises,” said Anthemos Georgiades, CEO of Zumper. Unable to buy, renters remain renters, which increases demand for rentals. Rental prices are rising partly because of inflation and partly because of higher mortgage rates, which make homes less affordable for purchase.
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