10 Most Expensive Cities in the United States for Renters

The allure of luxury apartment living isn't just about the opulence and high-end amenities. It's about the prestige, the location, and the lifestyle that comes with it. As the demand for upscale apartments continues to soar, certain cities in the U.S. have emerged as the top contenders for the most lavish rental experiences.

While cities like San Francisco and New York might be the usual suspects, our list provides a unique look at luxurious living from coast to coast by featuring the most expensive city by state. If you're someone who seeks the crème de la crème of rental spaces, buckle up, as we journey through these elite rental havens.

Methodology

Our list of cities is sorted by the median price for renting a 2-bedroom in each city, and it is taken straight from our own database of apartment rental prices. Wherever possible, we have linked to pages on our site with more specific information from that database for individual cities. Furthermore, to offer a broader perspective and prevent one state from dominating the list, we selected only the priciest city from each of the top 10 states, ensuring no state is represented more than once. We did this to provide a more representative picture of luxury living across the United States.

To see a true list of the most expensive cities for renters by bedroom type for thousands of cities across the country, download our data and rent estimates report.

10 Most Expensive Cities in the U.S. for Renters

1. Marina del Rey, CA

• Population: 11,373
• Median 2-Bedroom Rent: $5,152
• Average 2-Bedroom Rent: $4,866
• Median Household Income: $132,746
• Walkability: 68
• Transit Score: 48
• Bikeability: 77

Nestled between the buzzing streets of Los Angeles and the serene Pacific Ocean, Marina Del Rey stands out as an epitome of coastal luxury. Its name, which translates to "Harbor of the King", is a fitting moniker for a locale that seamlessly blends the elegance of a royal retreat with the vibrancy of California’s beach culture.

Its exceptional nature is underpinned by its world-class marina, which is the largest man-made small-craft harbor in North America. This marina not only offers stunning oceanic views from nearly every corner of the city but also serves as a haven for yachting enthusiasts and water sports aficionados.

Beyond the marina, gourmet dining, exclusive boutiques, and top-tier entertainment venues line its streets, offering residents unparalleled experiences right at their doorstep. Architecturally, the city is a showcase of modern elegance, with cutting-edge luxury condominiums and apartments offering panoramic views of the ocean, the marina, and the iconic LA skyline.

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2. Hoboken, NJ

• Population: 57,703
• Median 2-Bedroom Rent: $4,221
• Average 2-Bedroom Rent: $4,666
• Median Household Income: $160,890
• Walkability: 99
• Transit Score: 71
• Bikeability: 82

Perched on the Hudson River's west bank, Hoboken offers residents unparalleled views of the iconic Manhattan skyline. While it might be smaller in size, Hoboken packs a punch when it comes to luxury and appeal. A stone's throw away from the hustle and bustle of New York City, Hoboken offers a slightly more relaxed pace without compromising on accessibility.

The city's efficient public transport system, including the PATH train and ferry services, makes commuting to Manhattan a breeze. But Hoboken is not just a commuter's paradise. Its Washington Street is lined with a plethora of chic boutiques, gourmet restaurants, and vibrant bars, reflecting the city's cosmopolitan vibe. Moreover, the city's historic brownstones and modern luxury apartments blend seamlessly, creating an architectural landscape that caters to both traditional and contemporary tastes.

Hoboken's Pier A Park is another highlight, offering green spaces for relaxation and recreation, all while providing those enviable Manhattan views. The city's sense of community, bolstered by numerous festivals and events, makes it not just a place to live but a place to belong. For those seeking proximity to NYC coupled with a unique charm and slightly laid-back vibe, Hoboken is worth every penny of its premium rental price tag.

Check out apartments in Hoboken to discover more.

3. Burlington, MA

• Population: 26,377
• Median 2-Bedroom Rent: $2,897
• Average 2-Bedroom Rent: $3,154
• Median Household Income: $124,755
• Walkability: 31
• Transit Score: N/A
• Bikeability: 29

Burlington, Massachusetts, might not have the same global recognition as some other cities on this list, but it's an undisputed gem in the realm of luxury living in New England. At the heart of its high rental and property prices lies its booming economy, driven largely by the tech and healthcare industries.

Living in Burlington offers a harmonious blend of modern amenities with a touch of New England charm. The city boasts top-tier shopping destinations, like the Burlington Mall, and a plethora of dining options that range from cozy cafes to gourmet restaurants. Yet, despite its modern appeal, Burlington retains a sense of historical charm, with picturesque town greens, traditional architecture, and community events.

Beyond the tangible amenities, what makes Burlington truly stand out is its commitment to community and education. The city's public schools are consistently ranked among the top in the state, making it a magnet for families prioritizing quality education. Community events, from farmers' markets to summer concerts, foster a close-knit environment. For those seeking a luxurious living experience that marries professional opportunities, modern amenities, and a warm community spirit, Burlington, MA, is a compelling choice.

Find apartments in Burlington and the surrounding area.

4. Palm Beach Gardens, FL

• Population: 60,175
• Median 2-Bedroom Rent: $2,709
• Average 2-Bedroom Rent: $2,677
• Median Household Income: $99,734
• Walkability: N/A
• Transit Score: N/A
• Bikeability: N/A

Palm Beach Gardens, with its lush landscapes and sophisticated flair, is often dubbed the "jewel of the Palm Beaches." One primary factor driving its rental prices sky-high is its exclusivity. Home to some of the country's most affluent individuals, Palm Beach Gardens is a curated blend of opulence and tranquility. Its meticulously planned communities are dotted with palatial homes, world-class golf courses (including the PGA National Resort & Spa), and serene lakes, making it a hotspot for luxury seekers.

Living in Palm Beach Gardens is like having a permanent ticket to paradise. The city boasts a tropical monsoon climate, ensuring warm temperatures year-round, perfect for enjoying its myriad of outdoor amenities. From upscale shopping at The Gardens Mall to dining in gourmet eateries that cater to the most refined palates, residents never fall short of high-end experiences.

Furthermore, the city places a significant emphasis on culture and the arts, with a plethora of galleries, theaters, and arts festivals taking place throughout the year. For the nature enthusiasts, the city's proximity to pristine beaches and nature preserves offers endless opportunities for relaxation and exploration.

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5. Mercer Island, WA

• Population: 25,172
• Median 2-Bedroom Rent: $2,676
• Average 2-Bedroom Rent: $2,692
• Median Household Income: $170,000
• Walkability: 33
• Transit Score: 26
• Bikeability: 33

Floating gracefully between the vibrant cities of Seattle and Bellevue, Mercer Island is both geographically and metaphorically a bridge between bustling urban life and serene natural retreats. Its unique positioning as an island city within Lake Washington contributes significantly to its high real estate and rental values. With limited land space and a high demand driven by its unparalleled beauty and strategic location, it's no wonder Mercer Island commands top dollar in the housing market.

Living on Mercer Island is akin to having an everyday vacation. Residents are surrounded by the tranquil waters of Lake Washington, with panoramic views of the Cascades and the Olympic Mountains, making every sunrise and sunset a visual treat. The island is rich in parks and nature trails, offering endless opportunities for hiking, boating, and water sports. Yet, despite its natural seclusion, Mercer Island boasts all the amenities of modern living. From upscale restaurants and boutiques to cultural events, residents don't have to compromise on urban comforts.

Furthermore, its proximity to major job hubs in Seattle and Bellevue, coupled with seamless connectivity via the I-90 bridge, makes it a coveted location for professionals seeking a balanced life.

Ready to discover Mercer Island apartments for yourself?

6. Honolulu, HI

• Population: 995,638
• Average 2-Bedroom Rent: $2,470
• Median Household Income: $92,600
• Walkability: 66
• Transit Score: 56
• Bikeability: 51

Honolulu stands as a beacon of luxury for renters who desire a blend of tropical splendor and urban sophistication. As the capital of Hawaii, it's more than just a postcard-perfect destination; it's a city where the allure of high-end living meets the timeless beauty of nature. Honolulu offers a variety of luxury rental options, from high-rise condominiums with panoramic ocean views to private estates nestled against the backdrop of Diamond Head.

Residents can immerse themselves in exclusive cultural experiences, from the Honolulu Museum of Art to the dynamic culinary scene that boasts world-class dining. Luxury living extends to the retail experience as well, with high-end shopping destinations like the Ala Moana Center providing access to designer brands and bespoke services.

The natural environment of Honolulu provides an unparalleled outdoor lifestyle for those who call it home. Luxury rentals give residents the opportunity to live the resort life every day, with easy access to some of the world's most renowned beaches, such as Waikiki Beach, and the tranquil waters of the Pacific Ocean.

Despite its island location, Honolulu is a hub of connectivity. Honolulu International Airport serves as a gateway to the world, while the city itself is a center for international business in the Pacific. For luxury renters, this means enjoying the tranquility of an island oasis without sacrificing the convenience of global connectivity.

Check out some of Honolulu’s luxurious apartment offerings for yourself!

7. Ellicott City, MD

• Population: 75,947
• Median 2-Bedroom Rent: $2,447
• Average 2-Bedroom Rent: $2,424
• Median Household Income: $136,234
• Walkability: 23
• Transit Score: 11
• Bikeability: 23

Established in the late 18th century, Ellicott City boasts a beautifully preserved historic district, with quaint stone buildings and cobblestone streets that transport visitors and residents alike to a bygone era. This historical significance, intertwined with modern amenities, makes properties in the area both scarce and sought after.

Living in Ellicott City offers an experience that is hard to replicate. The Main Street area is a treasure trove of antique shops, independent boutiques, art galleries, and gourmet eateries, offering a delightful blend of old-world charm and contemporary luxuries. Additionally, the town is surrounded by verdant parks and nature trails, providing ample opportunities for outdoor enthusiasts to explore and unwind.

What further amplifies Ellicott City's allure is its strategic location. Positioned conveniently between Baltimore and Washington, D.C., it provides residents with easy access to the job markets, entertainment, and cultural experiences of both major cities. Yet, despite its proximity to urban hubs, Ellicott City maintains a serene, small-town ambiance, offering a peaceful retreat from the city's hustle.

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8. Highlands Ranch, CO

• Population: 103,444
• Median 2-Bedroom Rent: $2,338
• Average 2-Bedroom Rent: $2,681
• Median Household Income: $134,041
• Walkability: 28
• Transit Score: N/A
• Bikeability: 49

Nestled just south of Denver, Highlands Ranch is more than just a suburb; the backdrop of the majestic Rocky Mountains, combined with over 2,500 acres of open space and parks, makes every inch of Highlands Ranch a picturesque retreat.

Living in Highlands Ranch is about embracing a holistic lifestyle. Its vast network of trails, open spaces, and parks offers residents countless opportunities for hiking, biking, and exploring the great outdoors. Beyond its natural and recreational allure, Highlands Ranch is home to some of the region's top educational institutions, making it a prime location for families.

What further elevates Highlands Ranch's appeal is its balance of suburban tranquility and urban convenience. With easy access to Denver and other commercial hubs, professionals residing in Highlands Ranch can enjoy a peaceful home environment without compromising on their career aspirations. Moreover, the community's emphasis on safety, sustainability, and neighborhood connectivity ensures that residents enjoy a high quality of life.

See what Highlands Ranch, CO has to offer!

9. Flower Mound, TX

• Population: 78,486
• Median 2-Bedroom Rent: $2,211
• Average 2-Bedroom Rent: $2,194
• Median Household Income: $145,153
• Walkability: 26
• Transit Score: N/A
• Bikeability: 32

Situated between the major cities of Dallas and Fort Worth, Flower Mound isn't just any suburban town—it's a beacon of luxury living in the heart of Texas. Flower Mound has been designed with a keen emphasis on preserving its natural landscapes, particularly the eponymous Mound, a notable 12.5 acre geographical feature at the heart of town. This careful balance of development and conservation has resulted in spacious, upscale neighborhoods set against a backdrop of sprawling green spaces and picturesque lakes.

The allure of Flower Mound is multifaceted. For nature enthusiasts, the town offers numerous parks, trails, and the beautiful Grapevine Lake—perfect for boating, fishing, and recreational activities. On the cultural front, Flower Mound is home to a vibrant arts scene, with theaters, galleries, and regular community events that bring residents together.

Discover Flower Mound’s apartments for yourself!

10. New York City, NY

• Population: 8,335,897
• Median 2-Bedroom Rent: $2,209
• Average 2-Bedroom Rent: $5,810
• Median Household Income: $70,663
• Walkability: 88
• Transit Score: 89
• Bikeability: 69

It might come as a surprise to see New York City at the end of this list, especially given its worldwide reputation as the city of skyscrapers, dreams, and relentless ambition. Yet, it's important to remember that while NYC might have pockets of exorbitant luxury, it also features a wide range of neighborhoods catering to diverse economic backgrounds, which averages out its rental figures.

New York City's greatness is multifaceted. At its heart, NYC is an unparalleled cultural melting pot. From the theatrical grandeur of Broadway to the historic neighborhoods of Harlem; from the artistic alleys of SoHo to the bustling streets of Chinatown, every corner of the city tells a different story. The city is a global hub for finance, art, technology, fashion, and cuisine, offering boundless opportunities for both personal and professional growth.

Beyond its tangible offerings, there's an intangible magic to New York City. It's in the resilience displayed in its skyline, the dreams fostered in its streets, and the promise of opportunity that floats in its air. The city challenges and rewards in equal measure, and while it might not be the most expensive place to rent a luxurious apartment in the U.S., the experience of living in NYC, with all its vibrancy, challenges, and triumphs, is truly priceless.

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Rent in the Top 10 Most Expensive Cities

Most Expensive Cities FAQs

Which U.S. City Has the Highest Cost of Living?

San Francisco, California, frequently tops the list as the U.S. city with the highest cost of living. Driven by a combination of factors including a tech boom, limited land for development, and high demand, the city witnesses exorbitant housing prices, elevated transportation costs, and pricey day-to-day expenses.

Which State Has the Highest Cost of Living?

Hawaii often holds the title for the state with the highest cost of living in the U.S. The state's remote location means many goods have to be imported, driving up prices. Additionally, housing is at a premium due to limited land for development and high demand for its paradisiacal locations.

How Can I Afford to Live in an Expensive City?

Affording life in an expensive city often requires a combination of smart financial planning and adaptability. First, create a budget that accounts for rent, utilities, and all other expenses and stick to it. Consider sharing living spaces with roommates to split rent costs or living in a less trendy neighborhood where rent might be cheaper. Use public transportation instead of owning a car, and take advantage of city-specific deals and discounts. Finally, continuously upskill and network to ensure you're maximizing your earning potential in the city's job market.

What Are the Pros and Cons of Living in an Expensive City?

Living in an expensive city comes with both advantages and drawbacks. Pros include access to a plethora of cultural activities, world-class amenities, diverse job opportunities, and an environment of innovation and dynamism. The networking opportunities and the potential for career growth can also be unparalleled. However, the cons include the obvious high costs of housing, transportation, and general day-to-day expenses. The hustle and bustle can lead to a faster-paced lifestyle, which might result in stress or burnout for some.