Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestMultifamily

The most expensive apartments? This summer, they’re not in the Midwest

Dan Rafter June 9, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Not one Midwest city cracked the list of the 10 most expensive metropolitan areas in which to rent an apartment this June, with a city in the region not showing up until spot number 15 on the latest ranking of average monthly rents by Zumper.

According to Zumper’s June national rent report, San Francisco, to no one’s surprise, remained the most expensive U.S. city in which to rent an apartment. Zumper reported that the median monthly rent here was $3,700 for a one-bedroom apartment and $4,720 for a two-bedroom unit.

The most expensive Midwest city in which to rent – again, to no one’s surprise – was Chicago, which ranked as the 15th most expensive rental market in June. Zumper reported that the median monthly rent for a one-bedroom apartment in the city stood at $1,570, while that figure was $1,890 for a two-bedroom apartment.

The median one-bedroom rent in Chicago was up 4.7 percent when compared to June of last year. The median two-bedroom rent was down 0.5 percent from a year earlier.

The next most expensive rental market in the Midwest was Minneapolis, according to Zumper. The median one-bedroom rent here was $1,400 in June, though this figure was actually down 0.7 percent from a year ago. The median two-bedroom rent in Minneapolis was $1,840 in June, again down, this time by 0.5 percent. from the same month in 2018.

The median one-bedroom rent in Nashville was $1,250, while the median two-bedroom rent here was $1,310. Both of those figures are down about 10 percent from a year earlier. That didn’t stop Nashville, though, from ranking as the third costliest rental market in the Midwest.

And coming in fourth place in the region? Madison. The Wisconsin city’s median one-bedroom rent was $1,170 in June, down 10 percent from a year ago. The median two-bedroom apartment rent here was $1,330, down 4.3 percent from June of 2018.

Tags
ChicagoIllinoisMadisonMinneapolisMinneostamultifamilyNashvillerent reportTennesseeWisconsinZumper
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisMinnesotaCRE

Evoke Partners adds Izzy Ferrozzo

December 7, 2023
IllinoisMultifamily

Standard Communities leads public-private partnership acquiring and preserving affordability of a 214-unit senior living community in Chicago area

December 7, 2023
IllinoisCRE

Krusinski Construction announces retirement of chairman and founder Joe Krusinski Sr.

December 7, 2023
IllinoisCRE

DePaul’s Real Estate Center names Reagan Pratt new director

December 7, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com