Top LocationsThe 10 Cities with the Highest Rental Rates by Apartment Guide July 5, 2018February 11, 2019 by Apartment Guide July 5, 2018February 11, 2019If 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. RankingCityAverage Rental RatePercentage Change*1San Francisco, CA$3,1282%2New York, NY$3,051-3%3Boston, MA$2,6054%4Los Angeles, CA$2,1262%5San Diego, CA$1,8345%6Long Beach, CA$1,7661%7Washington, DC$1,7094%8Fort Lauderdale, FL$1,6145%9Seattle, WA$1,598-0.2%10Miami, FL$1,5676%Data Source: Apartment Guide*since May 2017Some 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 Boston MAGuest BlogsNew York City NYRental RateSan Francisco CATraditional 0FacebookTwitterGoogle +PinterestLinkedin Apartment GuideThe 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 8 Best Cities for Real Estate Investment 2018: Part 1 The Best Places to Buy a Rental Property for Traditional Rental Income These Are the Best Neighborhoods for Dallas Real Estate Investment Properties Here Are the Best Neighborhoods When Investing in Austin Real Estate What’s the Deal with the Colorado Springs Real Estate Market at the Beginning of 2018? Keep Your Eye on North Texas Real Estate in 2019 Here’s How the Sacramento Housing Market Is Doing Now Why You Should Buy a San Diego Investment Property Now Fort Worth Real Estate Market 2019: Why You Need to Invest Here All You Need to Know About San Antonio Airbnb Laws Why and Where to Invest in Airbnb Miami Beach 2018 Ever Consider Investing in the Detroit Real Estate Market?