Today we wanted to highlight the states with the highest rent in the United States.
But that analysis was done based on the total cost of living for food, daycare, transportation, and, of course, housing.
In one of the few analyzes we do that does not rely on Census data, our data for this particular excercise comes from Zillow which releases the most timely and accurate data available on rents across the country. We specifically looked the Rental Listings –> Median Rent List Price ($), SFR, Condo/Co-op –> State data set.
After we extracted the rental data and ranked them from highest lowest, California came in a distant second to New York.
According to the most recent data from Zillow, New York has the highest rent in America with a median rent of $3,200 a month.
Our take on the result is that New York data is heavily influenced by New York City’s data.
Based on our list of the most expensive states, we expected to see California in the top spot, but that didn’t happen. Instead, it flip flopped with our winner for the state with the highest rent.
Turns out to be a tie between Missouri and West Virginia with median rents of $1,000.
Rent is generally cheaper in the Midwestern states and the South compare to the coasts. More land and less demands means lower rent.
And for reference, the median rent in America currently sits at $1,700 according to Zillow.
Read on for a more detailed methodology and data on each state or feel free to check out some of other research:
How We Calculated The States With The Highest And Lowest Rent For January 2023
We’ve been ranking states and cities for over four years now and we always start our quests for data in the same manner — as stroll through the American Community Survey.
But, as we mentioned above, we’ve made a rate exception to that rule as there is another source we trust and that has way more timely data — Zillow.
Zillow provides monthly data on rents across America by state, select counties, and select cities. The current data runs through April 2019 even though it was released in June — there’s a bit of a lag in reporting.
That compares to the Census last release of data in November 2018 that only goes through 2017, so Zillow is way more up-to-date.
With all that in mind, we took the median rent for Rental Listings –> Median Rent List Price ($), SFR, Condo/Co-op –> State from Zillow’s data.
We then ranked each state from the highest median rent to the lowest.
The state with the most expensive rent ended up being New York.
The best deal? Missouri and West Virginia.
Continue on for a look at the top ten or scroll to the bottom for a detailed, state-by-state table. We also broke down every state’s data into specific charts and graphs.
So There Are Your States With The Highest Rents In America
With the median rent in America only $1,700, you can expect to pay almost twice that in California or New York.
If you’re thinking of trying to move to somewhere cheap, then stick to the heartland where you can expect to pay closer to $1,000.
For more reading, check out:
Rent By State In America For January 2023