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The Most Expensive ZIP Codes in Each City for Renters

John Csiszar
·15 mins read

There’s an age-old debate about whether it’s better to rent or buy when it comes to housing. Both sides of the discussion have their pros and cons, and often the correct answer is a personal decision. Part of the problem is that it’s hard to know exactly how expensive it is to rent in certain markets. To help fill this information void, GOBankingRates surveyed rental rates for single-family residences across the largest housing markets in the U.S. and listed the most expensive ZIP codes for renters in each city. For purposes of the study, some cities had as few as two expensive ZIP codes listed, while others had as many as five.

The most expensive ZIP codes for renters may seem easy to identify, but the actual list is full of surprises. For example, the average rent in the most expensive ZIP code in New York City, 10014, is just $4,076. Yes, this is certainly a lot, but with New York’s reputation for high real estate costs, this number seems surprisingly manageable. In fact, rents in the 94611 ZIP code in Oakland, California, run $4,710 per month, nearly 15% higher than the top rent in New York’s priciest ZIP code.

Another interesting result of the study is that the definition of “high” rent varies wildly from city to city. For example, the most expensive ZIP code in Detroit costs renters just $870 per month — the lowest rate in any city in the study. Compare this with the most expensive ZIP code in the entire U.S., 90049, which comes in at a whopping $10,680 per month — and that’s just the average rent. The point is that “expensive” can really be quite a regional designation, and if one area seems too pricey for you, there might be one reasonably nearby that you may consider affordable.

Overall, the average monthly rent in America’s priciest ZIP codes comes in at $1,644. To determine how much rent you can reasonably afford, start by building a realistic budget to help prevent you from reaching for a ZIP code that would strain your finances.

With that in mind, here’s a look at America’s most expensive ZIP codes for renters, listed alphabetically by city.

Last updated: Oct. 12, 2020

Albuquerque, New Mexico

  1. ZIP code: 87111
    Median monthly rent in 2019: $1,522

  2. ZIP code: 87114
    Median monthly rent in 2019: $1,379

  3. ZIP code: 87123
    Median monthly rent in 2019: $1,379

  4. ZIP code: 87120
    Median monthly rent in 2019: $1,318

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Arlington, Texas

  1. ZIP code: 76002
    Median monthly rent in 2019: $1,777

  2. ZIP code: 76016
    Median monthly rent in 2019: $1,710

  3. ZIP code: 76001
    Median monthly rent in 2019: $1,697

  4. ZIP code: 76017
    Median monthly rent in 2019: $1,634

  5. ZIP code: 76018
    Median monthly rent in 2019: $1,586

Atlanta

  1. ZIP code: 30317
    Median monthly rent in 2019: $1,721

  2. ZIP code: 30316
    Median monthly rent in 2019: $1,710

  3. ZIP code: 30318
    Median monthly rent in 2019: $1,603

  4. ZIP code: 30331
    Median monthly rent in 2019: $1,363

  5. ZIP code: 30311
    Median monthly rent in 2019: $1,320

Aurora, Colorado

  1. ZIP code: 80016
    Median monthly rent in 2019: $2,591

  2. ZIP code: 80015
    Median monthly rent in 2019: $2,221

  3. ZIP code: 80013
    Median monthly rent in 2019: $2,103

  4. ZIP code: 80014
    Median monthly rent in 2019: $2,054

  5. ZIP code: 80012
    Median monthly rent in 2019: $1,927

Austin, Texas

  1. ZIP code: 78746
    Median monthly rent in 2019: $3,375

  2. ZIP code: 78703
    Median monthly rent in 2019: $3,031

  3. ZIP code: 78732
    Median monthly rent in 2019: $2,827

  4. ZIP code: 78702
    Median monthly rent in 2019: $2,372

  5. ZIP code: 78756
    Median monthly rent in 2019: $2,182

Baltimore

  1. ZIP code: 21230
    Median monthly rent in 2019: $1,802

  2. ZIP code: 21231
    Median monthly rent in 2019: $1,706

  3. ZIP code: 21224
    Median monthly rent in 2019: $1,676

  4. ZIP code: 21211
    Median monthly rent in 2019: $1,618

  5. ZIP code: 21239
    Median monthly rent in 2019: $1,508

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Baton Rouge, Louisiana

  1. ZIP code: 70810
    Median monthly rent in 2019: $1,456

  2. ZIP code: 70817
    Median monthly rent in 2019: $1,452

  3. ZIP code: 70808
    Median monthly rent in 2019: $1,325

Boston

  1. ZIP code: 02134
    Median monthly rent in 2019: $3,778

  2. ZIP code: 02127
    Median monthly rent in 2019: $3,675

  3. ZIP code: 02135
    Median monthly rent in 2019: $3,271

  4. ZIP code: 02130
    Median monthly rent in 2019: $3,037

  5. ZIP code: 02114
    Median monthly rent in 2019: $3,035

Charlotte, North Carolina

  1. ZIP code: 28226
    Median monthly rent in 2019: $1,833

  2. ZIP code: 28210
    Median monthly rent in 2019: $1,763

  3. ZIP code: 28277
    Median monthly rent in 2019: $1,756

  4. ZIP code: 28209
    Median monthly rent in 2019: $1,716

  5. ZIP code: 28278
    Median monthly rent in 2019: $1,689

Chicago

  1. ZIP code: 60614
    Median monthly rent in 2019: $2,849

  2. ZIP code: 60618
    Median monthly rent in 2019: $2,097

  3. ZIP code: 60654
    Median monthly rent in 2019: $2,087

  4. ZIP code: 60611
    Median monthly rent in 2019: $2,021

  5. ZIP code: 60616
    Median monthly rent in 2019: $2,015

Cleveland

  1. ZIP code: 44120
    Median monthly rent in 2019: $956

  2. ZIP code: 44109
    Median monthly rent in 2019: $878

  3. ZIP code: 44128
    Median monthly rent in 2019: $829

  4. ZIP code: 44105
    Median monthly rent in 2019: $806

Colorado Springs, Colorado

  1. ZIP code: 80921
    Median monthly rent in 2019: $2,246

  2. ZIP code: 80919
    Median monthly rent in 2019: $1,896

  3. ZIP code: 80920
    Median monthly rent in 2019: $1,803

  4. ZIP code: 80906
    Median monthly rent in 2019: $1,730

  5. ZIP code: 80922
    Median monthly rent in 2019: $1,715

Columbia, South Carolina

  1. ZIP code: 29229
    Median monthly rent in 2019: $1,322

  2. ZIP code: 29201
    Median monthly rent in 2019: $1,267

  3. ZIP code: 29212
    Median monthly rent in 2019: $1,248

Columbus, Ohio

  1. ZIP code: 43202
    Median monthly rent in 2019: $1,376

  2. ZIP code: 43206
    Median monthly rent in 2019: $1,269

  3. ZIP code: 43205
    Median monthly rent in 2019: $1,130

  4. ZIP code: 43232
    Median monthly rent in 2019: $1,098

  5. ZIP code: 43207
    Median monthly rent in 2019: $1,010

Dallas

  1. ZIP code: 75252
    Median monthly rent in 2019: $2,528

  2. ZIP code: 75204
    Median monthly rent in 2019: $2,501

  3. ZIP code: 75229
    Median monthly rent in 2019: $2,437

  4. ZIP code: 75248
    Median monthly rent in 2019: $2,358

  5. ZIP code: 75206
    Median monthly rent in 2019: $2,330

Denver

  1. ZIP code: 80206
    Median monthly rent in 2019: $3,027

  2. ZIP code: 80209
    Median monthly rent in 2019: $2,778

  3. ZIP code: 80211
    Median monthly rent in 2019: $2,630

  4. ZIP code: 80210
    Median monthly rent in 2019: $2,536

  5. ZIP code: 80238
    Median monthly rent in 2019: $2,534

Detroit

  1. ZIP code: 48221
    Median monthly rent in 2019: $870

  2. ZIP code: 48235
    Median monthly rent in 2019: $841

  3. ZIP code: 48224
    Median monthly rent in 2019: $833

El Paso, Texas

  1. ZIP code: 79932
    Median monthly rent in 2019: $1,358

  2. ZIP code: 79912
    Median monthly rent in 2019: $1,354

  3. ZIP code: 79938
    Median monthly rent in 2019: $1,232

  4. ZIP code: 79934
    Median monthly rent in 2019: $1,226

Fort Worth, Texas

  1. ZIP code: 76109
    Median monthly rent in 2019: $2,449

  2. ZIP code: 76177
    Median monthly rent in 2019: $1,847

  3. ZIP code: 76107
    Median monthly rent in 2019: $1,816

  4. ZIP code: 76244
    Median monthly rent in 2019: $1,806

  5. ZIP code: 76110
    Median monthly rent in 2019: $1,798

Fresno, California

  1. ZIP code: 93720
    Median monthly rent in 2019: $1,773

  2. ZIP code: 93722
    Median monthly rent in 2019: $1,499

Honolulu

  1. ZIP code: 96825
    Median monthly rent in 2019: $3,395

  2. ZIP code: 96822
    Median monthly rent in 2019: $2,412

  3. ZIP code: 96815
    Median monthly rent in 2019: $2,265

  4. ZIP code: 96817
    Median monthly rent in 2019: $2,230

Houston

  1. ZIP code: 77005
    Median monthly rent in 2019: $3,262

  2. ZIP code: 77027
    Median monthly rent in 2019: $3,186

  3. ZIP code: 77024
    Median monthly rent in 2019: $2,947

  4. ZIP code: 77007
    Median monthly rent in 2019: $2,705

  5. ZIP code: 77094
    Median monthly rent in 2019: $2,601

Indianapolis

  1. ZIP code: 46220
    Median monthly rent in 2019: $1,394

  2. ZIP code: 46239
    Median monthly rent in 2019: $1,345

  3. ZIP code: 46217
    Median monthly rent in 2019: $1,302

  4. ZIP code: 46113
    Median monthly rent in 2019: $1,292

  5. ZIP code: 46237
    Median monthly rent in 2019: $1,261

Take a Look: Most Expensive Suburbs in Every State

Jacksonville, Florida

  1. ZIP code: 32250
    Median monthly rent in 2019: $2,218

  2. ZIP code: 32224
    Median monthly rent in 2019: $1,806

  3. ZIP code: 32256
    Median monthly rent in 2019: $1,776

  4. ZIP code: 32258
    Median monthly rent in 2019: $1,627

  5. ZIP code: 32225
    Median monthly rent in 2019: $1,606

Kansas City, Missouri

  1. ZIP code: 64151
    Median monthly rent in 2019: $1,514

  2. ZIP code: 64111
    Median monthly rent in 2019: $1,493

  3. ZIP code: 64155
    Median monthly rent in 2019: $1,481

Knoxville, Tennessee

  1. ZIP code: 37923
    Median monthly rent in 2019: $1,390

  2. ZIP code: 37917
    Median monthly rent in 2019: $973

Las Vegas

  1. ZIP code: 89138
    Median monthly rent in 2019: $2,201

  2. ZIP code: 89135
    Median monthly rent in 2019: $2,118

  3. ZIP code: 89117
    Median monthly rent in 2019: $1,908

  4. ZIP code: 89144
    Median monthly rent in 2019: $1,800

  5. ZIP code: 89141
    Median monthly rent in 2019: $1,776

Los Angeles

  1. ZIP code: 90049
    Median monthly rent in 2019: $10,680

  2. ZIP code: 90048
    Median monthly rent in 2019: $8,287

  3. ZIP code: 90046
    Median monthly rent in 2019: $7,778

  4. ZIP code: 90024
    Median monthly rent in 2019: $7,358

  5. ZIP code: 90291
    Median monthly rent in 2019: $6,964

Louisville, Kentucky

  1. ZIP code: 40207
    Median monthly rent in 2019: $1,695

  2. ZIP code: 40217
    Median monthly rent in 2019: $1,245

  3. ZIP code: 40229
    Median monthly rent in 2019: $1,192

Memphis, Tennessee

  1. ZIP code: 38016
    Median monthly rent in 2019: $1,496

  2. ZIP code: 38125
    Median monthly rent in 2019: $1,415

  3. ZIP code: 38018
    Median monthly rent in 2019: $1,379

  4. ZIP code: 38104
    Median monthly rent in 2019: $1,332

Mesa, Arizona

  1. ZIP code: 85212
    Median monthly rent in 2019: $1,780

  2. ZIP code: 85207
    Median monthly rent in 2019: $1,779

  3. ZIP code: 85209
    Median monthly rent in 2019: $1,597

  4. ZIP code: 85202
    Median monthly rent in 2019: $1,568

  5. ZIP code: 85208
    Median monthly rent in 2019: $1,481

Miami

  1. ZIP code: 33140
    Median monthly rent in 2019: $7,785

  2. ZIP code: 33141
    Median monthly rent in 2019: $4,165

  3. ZIP code: 33133
    Median monthly rent in 2019: $3,556

  4. ZIP code: 33155
    Median monthly rent in 2019: $2,570

  5. ZIP code: 33145
    Median monthly rent in 2019: $2,500

Milwaukee

  1. ZIP code: 53218
    Median monthly rent in 2019: $1,047

  2. ZIP code: 53209
    Median monthly rent in 2019: $1,012

Nashville, Tennessee

  1. ZIP code: 37205
    Median monthly rent in 2019: $2,562

  2. ZIP code: 37206
    Median monthly rent in 2019: $1,927

  3. ZIP code: 37209
    Median monthly rent in 2019: $1,850

  4. ZIP code: 37221
    Median monthly rent in 2019: $1,843

  5. ZIP code: 37216
    Median monthly rent in 2019: $1,767

New Orleans

  1. ZIP code: 70124
    Median monthly rent in 2019: $2,142

  2. ZIP code: 70115
    Median monthly rent in 2019: $2,060

  3. ZIP code: 70118
    Median monthly rent in 2019: $1,599

New York

  1. ZIP code: 10014
    Median monthly rent in 2019: $4,076

  2. ZIP code: 10011
    Median monthly rent in 2019: $4,058

  3. ZIP code: 10003
    Median monthly rent in 2019: $3,995

  4. ZIP code: 10282
    Median monthly rent in 2019: $3,850

  5. ZIP code: 10036
    Median monthly rent in 2019: $3,623

Check Out: 35 Cities Where You Can Afford To Live on Less Than $50,000

Oakland, California

  1. ZIP code: 94611
    Median monthly rent in 2019: $4,710

  2. ZIP code: 94605
    Median monthly rent in 2019: $2,850

Oklahoma City

  1. ZIP code: 73170
    Median monthly rent in 2019: $1,334

  2. ZIP code: 73116
    Median monthly rent in 2019: $1,321

  3. ZIP code: 73162
    Median monthly rent in 2019: $1,300

Omaha, Nebraska

  1. ZIP code: 68106
    Median monthly rent in 2019: $1,296

  2. ZIP code: 68105
    Median monthly rent in 2019: $1,239

  3. ZIP code: 68104
    Median monthly rent in 2019: $1,109

Orlando, Florida

  1. ZIP code: 32827
    Median monthly rent in 2019: $2,000

  2. ZIP code: 32832
    Median monthly rent in 2019: $1,945

  3. ZIP code: 32837
    Median monthly rent in 2019: $1,837

  4. ZIP code: 32824
    Median monthly rent in 2019: $1,823

  5. ZIP code: 32828
    Median monthly rent in 2019: $1,767

Philadelphia

  1. ZIP code: 19123
    Median monthly rent in 2019: $2,190

  2. ZIP code: 19147
    Median monthly rent in 2019: $2,033

  3. ZIP code: 19130
    Median monthly rent in 2019: $1,976

  4. ZIP code: 19127
    Median monthly rent in 2019: $1,879

  5. ZIP code: 19122
    Median monthly rent in 2019: $1,744

Phoenix

  1. ZIP code: 85254
    Median monthly rent in 2019: $2,844

  2. ZIP code: 85331
    Median monthly rent in 2019: $2,442

  3. ZIP code: 85016
    Median monthly rent in 2019: $1,969

  4. ZIP code: 85050
    Median monthly rent in 2019: $1,949

  5. ZIP code: 85083
    Median monthly rent in 2019: $1,824

Pittsburgh

  1. ZIP code: 15213
    Median monthly rent in 2019: $1,811

  2. ZIP code: 15217
    Median monthly rent in 2019: $1,636

  3. ZIP code: 15203
    Median monthly rent in 2019: $1,593

  4. ZIP code: 15201
    Median monthly rent in 2019: $1,432

Portland, Oregon

  1. ZIP code: 97212
    Median monthly rent in 2019: $2,485

  2. ZIP code: 97214
    Median monthly rent in 2019: $2,420

  3. ZIP code: 97229
    Median monthly rent in 2019: $2,365

  4. ZIP code: 97211
    Median monthly rent in 2019: $2,277

  5. ZIP code: 97219
    Median monthly rent in 2019: $2,166

Raleigh, North Carolina

  1. ZIP code: 27607
    Median monthly rent in 2019: $1,783

  2. ZIP code: 27614
    Median monthly rent in 2019: $1,690

  3. ZIP code: 27609
    Median monthly rent in 2019: $1,559

  4. ZIP code: 27617
    Median monthly rent in 2019: $1,542

  5. ZIP code: 27612
    Median monthly rent in 2019: $1,523

Riverside, California

  1. ZIP code: 92508
    Median monthly rent in 2019: $2,462

  2. ZIP code: 92506
    Median monthly rent in 2019: $2,200

  3. ZIP code: 92507
    Median monthly rent in 2019: $2,172

  4. ZIP code: 92503
    Median monthly rent in 2019: $2,149

  5. ZIP code: 92509
    Median monthly rent in 2019: $2,070

Sacramento, California

  1. ZIP code: 95835
    Median monthly rent in 2019: $2,193

  2. ZIP code: 95834
    Median monthly rent in 2019: $2,193

Downtown Living: Most Affordable Cities in the US

San Antonio

  1. ZIP code: 78260
    Median monthly rent in 2019:
    $1,908

  2. ZIP code: 78261
    Median monthly rent in 2019: $1,823

  3. ZIP code: 78258
    Median monthly rent in 2019: $1,766

  4. ZIP code: 78259
    Median monthly rent in 2019: $1,754

  5. ZIP code: 78253
    Median monthly rent in 2019: $1,669

San Diego

  1. ZIP code: 92130
    Median monthly rent in 2019:
    $4,730

  2. ZIP code: 92127
    Median monthly rent in 2019: $4,029

  3. ZIP code: 92129
    Median monthly rent in 2019: $3,300

  4. ZIP code: 92109
    Median monthly rent in 2019: $3,244

  5. ZIP code: 92128
    Median monthly rent in 2019: $2,982

San Francisco

  1. ZIP code: 94114
    Median monthly rent in 2019:
    $5,783

  2. ZIP code: 94110
    Median monthly rent in 2019: $4,884

  3. ZIP code: 94116
    Median monthly rent in 2019: $4,392

  4. ZIP code: 94122
    Median monthly rent in 2019: $4,163

  5. ZIP code: 94112
    Median monthly rent in 2019: $3,858

San Jose, California

  1. ZIP code: 95120
    Median monthly rent in 2019:
    $4,304

  2. ZIP code: 95129
    Median monthly rent in 2019: $4,084

  3. ZIP code: 95125
    Median monthly rent in 2019: $3,928

  4. ZIP code: 95124
    Median monthly rent in 2019: $3,833

  5. ZIP code: 95148
    Median monthly rent in 2019: $3,723

Seattle

  1. ZIP code: 98112
    Median monthly rent in 2019:
    $3,709

  2. ZIP code: 98119
    Median monthly rent in 2019: $3,630

  3. ZIP code: 98122
    Median monthly rent in 2019: $3,389

  4. ZIP code: 98105
    Median monthly rent in 2019: $3,332

  5. ZIP code: 98199
    Median monthly rent in 2019: $3,293

Tampa, Florida

  1. ZIP code: 33606
    Median monthly rent in 2019:
    $2,790

  2. ZIP code: 33609
    Median monthly rent in 2019: $2,159

  3. ZIP code: 33611
    Median monthly rent in 2019: $1,950

  4. ZIP code: 33647
    Median monthly rent in 2019: $1,900

Tucson, Arizona

  1. ZIP code: 85743
    Median monthly rent in 2019:
    $1,505

  2. ZIP code: 85719
    Median monthly rent in 2019: $1,392

  3. ZIP code: 85745
    Median monthly rent in 2019: $1,390

  4. ZIP code: 85742
    Median monthly rent in 2019: $1,371

  5. ZIP code: 85747
    Median monthly rent in 2019: $1,341

Tulsa, Oklahoma

  1. ZIP code: 74133
    Median monthly rent in 2019:
    $1,409

  2. ZIP code: 74135
    Median monthly rent in 2019: $1,150

  3. ZIP code: 74105
    Median monthly rent in 2019: $1,089

  4. ZIP code: 74114
    Median monthly rent in 2019: $1,069

Virginia Beach, Virginia

  1. ZIP code: 23456
    Median monthly rent in 2019:
    $1,863

  2. ZIP code: 23455
    Median monthly rent in 2019: $1,696

  3. ZIP code: 23454
    Median monthly rent in 2019: $1,586

  4. ZIP code: 23464
    Median monthly rent in 2019: $1,534

Washington

  1. ZIP code: 20007
    Median monthly rent in 2019:
    $4,705

  2. ZIP code: 20016
    Median monthly rent in 2019: $4,568

  3. ZIP code: 20009
    Median monthly rent in 2019: $3,430

  4. ZIP code: 20010
    Median monthly rent in 2019: $3,296

  5. ZIP code: 20003
    Median monthly rent in 2019: $3,257

Wichita, Kansas

  1. ZIP code: 67207
    Median monthly rent in 2019:
    $1,104

  2. ZIP code: 67212
    Median monthly rent in 2019: $1,094

More From GOBankingRates

Methodology: GOBankingRates looked at 60 of the largest housing markets in the U.S., according to Zillow, in order to find the most expensive ZIP code in each city for renters. GOBankingRates first sourced the 2019 median rental list price (January 2019 to October 2019) for each city as sourced from Zillow and then took the most expensive ZIP codes for each city and included them in the final ranking. All data was collected and is up to date as of Dec. 2, 2019.

This article originally appeared on GOBankingRates.com: The Most Expensive ZIP Codes in Each City for Renters