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☆ Honolulu is the western metro area where 1-bedroom rent has gone up the most in a year
  + stars: | 2024-06-01 | by ( Celia Fernandez Gabriel Cortés | Celia Fernandez | Gabriel Cortés | ) www.cnbc.com   time to read: +1 min
Rent costs across U.S. continue to fluctuate, but there are some major areas where prices are trending up year-over-year. California is the only state with two metro areas in the top five. The rise in rent for one-bedroom apartments in California's Stockton metro area was similar, going from $1,161 in 2023 to $1,175 in 2024 — a 1.2% increase. It is important to note that the Census Bureau defines the Albuquerque, New Mexico metro area to be part of the core-based statistical area of Albuquerque-Santa-Fe-Las Vegas, New Mexico combined statistical area, falling under the southwest and western regions of the United States. Despite the nationwide median rent trending down year-over-year, the following metro areas in the western U.S. have seen the highest increases in rent for 1-bedroom apartments, similar to several areas in the Northeast.
Organizations: U.S, CNBC, Census, Thousand, Venture, Stockton , California metros, Thousand Oaks Locations: California, Oxnard, Stockton , California, Ventura, Los Angeles, California's Stockton, Albuquerque, New Mexico, Santa, Las Vegas , New Mexico, United States, U.S
☆ 5 Northeast metro areas where rent for a 1-bedroom apartment has increased the most in one year
  + stars: | 2024-05-27 | by ( Celia Fernandez Gabriel Cortés | Celia Fernandez | Gabriel Cortés | ) www.cnbc.com   time to read: +1 min
According to a May Zumper report, the national median rent for a one-bedroom apartment is $1,487. The New York-Newark-Jersey City metro area saw the average rent for a one-bedroom apartment go from $1,991 in 2023 to $2,008 in 2024, an increase of only $17 or 0.9%. Connecticut has the most metro areas with the biggest rent increase for one-bedroom apartments — four out of the top five. This includes one statistical area that covers part of northeastern Connecticut and a swath of Massachusetts including Worcester. Connecticut is also the only state in the Northeast region to have multiple metro areas in the top 20.
Organizations: CNBC, Census, New York City Locations: United States, New York, Los Angeles, Newark, Jersey City, Connecticut, Massachusetts, Worcester . Connecticut, New York City, Boston, Providence , Rhode Island
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