Top 10 Most Expensive Markets for Renters

 As Reported to the Daily Real Estate News in Realtor Mag, Tuesday December 16, 2014:

With rental prices on the rise, where are renters paying the most in the country?

San Francisco tops the list of cities where rents are the costliest, as rental costs have shot up 8.1 percent quarter-over-quarter — one of the highest increases nationwide.
Zumper, a national apartment rental site, recently released its November 2014 rent report, naming the following top 10 priciest rental markets in the U.S. The median rent for a one-bedroom apartment is listed for each city:

1. San Francisco: $3,350
2. New York: $3,000
3. Boston: $2,330
4. Washington, D.C.: $2,050
5. Chicago: $1,750
6. Miami: $1,700
7. Los Angeles: $1,690
8. Seattle: $1,610
9. San Diego: $1,400
10. Philadelphia: $1,400

Denver likely will make the list soon, as renters increasingly face hefty rental costs there. The report found that Denver is the fastest-rising rental market, with prices for one-bedroom apartments there surging 9.6 percent. In Denver's Golden Triangle neighborhood, for example, renters are paying between $2,220 and $3,450 per month for a one-bedroom or two-bedroom apartment, respectively.

Source: Zumper