Another month, another rent increase.
The latest National Apartment Report from Abodo, the apartment listings website, spells out the damage.
Once again, San Francisco is the most expensive rental market in the nation with a median rent of $3,240 for a one-bedroom apartment, up $30 from August, according to the September report. New York City is the second most expensive market — the median is $2,850, down $57 from August — and San Jose is third most expensive with a median monthly rent of $2,483, up $38 from the previous month.
Oakland was seventh on the list: $2,133, up $64 month-over-month.
You can read the report here.
Cleveland experienced the sharpest month-over-month rent hike in the country, with median one-bedroom rents jumping from $619 to $698, an increase of 12.8 percent. The steepest decrease happened in Glendale, Arizona, where rents dropped 9.5 percent to $673.
And if you’re sitting in your minuscule, overpriced San Francisco studio, go ahead and weep at the national median rent: $1,018, up a mere .2 percent since the year began.
Then throw on that old track by Bob Dylan, “Dear Landlord.” If you don’t remember it, here are some of the lyrics:
Please don’t dismiss my case
I’m not about to argue
I’m not about to move to no other place…
Here are the Top 10 most expensive markets in the U.S., as assessed by Abodo:
Photo: A street sign hangs outside an apartment building on Mission Street in San Francisco. (Eric Risberg/AP)
Tags: Abodo, affordable housing, Bay area apartments, Bay Area housing, California rents, median prices, Real Estate