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SF's Median Rents Top NYC's—Again

Scott Lucas | October 8, 2014 | Story Real Estate

Though San Francisco's home sales may have just peaked, our rentals aren't looking any better lately. In fact, for the second month in a row, the median price to rent an apartment in SF was higher than in any other major US city, according to a report by Zumper.

For the month of September, the median rent for a one-bedroom in San Francisco was $3,200. That's up 3.2% from August. The median for a two-bedroom was $4,200—up 3.7% in the same time frame. That puts San Francisco ahead of New York City for two months running. The median one bedroom there is $2,950 a month and the median two bedroom is $3,450. Rounding out the top five were Boston, Washington D.C., and Chicago.

A deeper, neighborhood-by-neighborhood look turns up some interesting findings. SF's top neighborhoods aren't as pricey as those in New York. A two-bedroom in the Flatiron in NYC goes for a median of $6,200 a month. Tribeca isn't much cheaper. In fact, those two, plus NoMad and NoHo (side note: We have no idea what those places are) are all more expensive than our toniest neighborhood, Cow Hollow. Overall, our most expensive neighborhoods don't differ much from New York—but thank to the outer boroughs' relative affordability, San Francisco as a whole comes out ahead. Good for us?

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