Top Locations The 10 Cities with the Highest Rental Rates by Apartment Guide July 5, 2018February 11, 2019 by Apartment Guide July 5, 2018February 11, 2019 If you’re looking for a city to invest in real estate, finding the locations with the highest rental rates is a smart way to increase your ROI. At Apartment Guide, we’ve got a database of information about rental rates all over the country, so we crunched the numbers to find the 10 metros with the highest average rental rates. Ranking City Average Rental Rate Percentage Change* 1 San Francisco, CA $3,128 2% 2 New York, NY $3,051 -3% 3 Boston, MA $2,605 4% 4 Los Angeles, CA $2,126 2% 5 San Diego, CA $1,834 5% 6 Long Beach, CA $1,766 1% 7 Washington, DC $1,709 4% 8 Fort Lauderdale, FL $1,614 5% 9 Seattle, WA $1,598 -0.2% 10 Miami, FL $1,567 6% Data Source: Apartment Guide *since May 2017 Some of the cities on our list weren’t exactly shocking. New York and San Francisco have been getting pricier for a number of years now. Given Seattle’s well-publicized “housing crisis,” we were surprised to see that average rental rates there are actually falling. We were also surprised to see that average rental rates in Fort Lauderdale were higher than in Seattle. One conclusion from our results: If you want to make a good investment, follow the sun and the surf. Long Beach, San Diego, Fort Lauderdale, and Miami all offer residents a number of advantages. Warm weather, access to the coast, and unique cultural influences have made these cities some of the most expensive in the country. Florida in particular stands out as the state where rental rates are going up fastest of these 10 expensive metros. Investing in real estate can be extremely lucrative, especially if you’re smart about investing in areas where your property is likely to appreciate in value and the rents are high. This article has been contributed by our friends at Apartment Guide. Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL Boston MAGuest BlogsNew York City NYRental RateSan Francisco CATraditional 0 FacebookTwitterGoogle +PinterestLinkedin Apartment Guide The Apartment Guide Blog is your premier source for all things apartment related. From your initial search to your next move and everything in between, we’ve got you covered with all the tips, tricks, and advice you’re looking for. We also sprinkle in a little industry news like rental trends and city lists from time to time if that’s your thing. Previous Post The Millennials’ Guide to Starting a Real Estate Investing Business Next Post What Can an Investment Property Calculator Do for You? Related Posts Best Places to Buy an Investment Property for Airbnb Rental Income The Best Cities to Buy Rental Property on the West Coast Ever Consider Investing in the Detroit Real Estate Market? Should You Buy Real Estate Investment Property in the Chicago Real Estate Market? Everything You Need to Know About the Denver Housing Market 2018 Columbus Real Estate 2018: A Hidden Investment Opportunity? The Best Places to Buy a Vacation Home in Texas 3 Best Cities for Foreign Investors in US Real Estate These Top 4 US Neighborhoods are the Best Areas to Buy Investment Property Chicago Housing Market 2019: Is It Really Looking That Bleak? Miami Real Estate Market: Top Neighborhoods – Q4 2017 Charlotte Real Estate Market 2020: Should I Invest?