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Greater Miami No. 2 Most Expensive Metro Area For Renters

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Most Expensive Metro Areas to Rent

Renters are feeling the pain of the housing crisis, with record-breaking rental prices making it more difficult than ever to save for a home.

But which metro areas will break the bank on your next move?

With median U.S. rent recently surpassing $2,000 a month, Lawn Love compared 185 rental markets to determine 2022’s Most Expensive Metro Areas to Rent.

We considered average rent prices (including year-over-year change), renters insurance premiums, and the share of renters spending 30% or more of their income on rent and utilities.

Considering the housing trends inflating rent — such as real estate companies flipping foreclosed houses to rent at exorbitant rates — we also factored in the number of Real Estate Investment Trusts (REITs).

This Metro’s Rank in Some Key Metrics (1st = Most Expensive)

  • 1-Year Change in Average Overall Rent Price - 6th
  • Share of Cost-Burdened Renters - 1st
  • Number of Real Estate Investment Trusts - 8th

Learn where your metro area stands in rent affordability by exploring our rankings and in-depth analysis 

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