Rent for a 1-bedroom apartment in San Francisco is cheaper now than in 2019—that's not the case for these 10 metros
CNBC Make It analyzed rent estimate data from Apartment List for April 2019 to April 2024, filtering metro areas by those with at least 500,000 residents. The rent for a 1-bedroom apartment in San Francisco, California, is cheaper now than in 2019, but not in other major metro areas across the country. According to data from Apartment List, rent for one-bedroom apartments in the San Francisco area has decreased since 2019, with rent going from $2,435 in April 2019 to $2.281 in April 2024. However, this is not the same case for other metro areas that have seen rent increase steadily since 2020. CNBC Make It analyzed rent estimate data from April 2019-20 to April 2024 to find the top 10 metro areas with the largest rent increases, eight of which are in the Sun Belt region have seen an increase of over 37%.
ที่ตีพิมพ์ : 10 เดือนที่แล้ว โดย Gabriel Cortés, Celia Fernandez ใน Business
To afford living in a big city like San Francisco, California, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis.
Despite that, the San Francisco area is the only major metro where rent for one-bedroom apartments has actually decreased since 2019, according to data from Apartment List.
Rent in the area went from $2,435 in April 2019 to $2,281 in April 2024.
But that isn't the case for other metro areas across the United States that saw rent for one-bedroom apartments increase steadily since 2020.
CNBC Make It analyzed rent estimate data from Apartment List for April 2019 to April 2024, filtering metropolitan statistical areas, as defined by the Census Bureau, by those with at least 500,000 residents to find the metros with the biggest rent increases for a one-bedroom apartments.
Eight of the top 10 metro areas are in the Sun Belt region. Rents in each of these metros have increased over 37% since 2019.