Housing is expensive whether you decide to rent or buy, and since purchasing a home is still expensive in most areas, many residents may choose to rent instead. Yet renting can also cost a hefty amount in many areas, with renters spending far more than the national average. In some cases, well-off renters may sign leases for vacation homes in tourist spots. In others, year-long residents face an expensive lease or an even more expensive purchase price.
Each year, RentHop finds the 100 most expensive zip codes across the country and ranks them from most to least expensive based on the median two-bedroom rent. This year, we analyzed over 2.6 million rental listings to find the most expensive rental zip codes in 2024. Are you renting in one of these pricy areas?
Key Findings
- 33109 in Fisher Island, FL, is once again the most expensive zip code in the country. The median one-bedroom rent is a whopping $20,000.
- The most expensive zip codes reside in nine states across the country – two more than last year. Forty-four reside in New York, 28 in California, and 15 in Florida.
- This year’s ranking reflects two new states – Nevada and Texas. Las Vegas and Houston each have an expensive zip code in the Top 100 List.
- New York City remains the most expensive city for renters, with 39 zip codes across Manhattan, Brooklyn, and Queens on the list. Tribeca ($9,070) and Battery Park City ($8,800) are on the Top 10 List.
- Los Angeles has 11 of the most expensive zip codes, four less than last year. The city is still the second most expensive for renters, with the 90067 zip code on the Top 10 List. The median two-bedroom rent here increased to $8,500 this year.
- Boston is the third most expensive city, with five zip codes on the list. These zip codes are in sought-after neighborhoods like Downtown Boston (02110).
10 Most Expensive Rental Zip Codes in the U.S.
1. Fisher Island, FL (33109)
33109 in Fisher Island, Florida, is the country’s third most expensive zip code for the third year in a row. The median one-bedroom rent reached $20,000 this year, with a two-bedroom rent climbing to $25,000. This exclusive island with private amenities attracts high-paying clients, including wealthy business owners and celebrities.
2. Aspen, CO (81611)
The second most expensive zip code in the country is 81611 in Aspen, Colorado. This popular ski and winter sports area attracts many residents and visitors, which drives up prices. This year, the median two-bedroom rent hit $15,000, and the median one-bedroom rent is $7,250.
3. Margate City, NJ (08402)
08402 in Margate City, New Jersey, is a popular beach town on the Jersey Shore with limited inventory. This year, it’s the third most expensive zip code nationwide, where the one-bedroom rent is $6,900 and the two-bedroom rent is $12,000.
4. Snowmass Village, CO (81615)
81615 in Snowmass Village, Colorado, is another high-traffic spot for ski lovers. In this resort town, the median two-bedroom rent is $9,750. 81615 comes in fourth place on our list for the second year in a row.
5. New York, NY (10007)
Coming in fifth on our list is 10007 in New York, New York. This zip code includes the neighborhood of Tribeca, an upscale neighborhood well-regarded for its expensive apartments and lucrative businesses. Renters can expect to spend a whopping $6,080 monthly on a one-bedroom apartment in this area.
6. New York, NY (10282)
Another New York City zip code, 10282, remained in the rankings this year. This downtown zip code includes Battery Park City, the southmost tip of Manhattan. The two-bedroom rent in this area increased to $8,800 this year, and the one-bedroom rent is $6,000.
7. Los Angeles, CA (90067)
90067 in Los Angeles, California, made its way onto the Top 10 List this year, coming in seventh place. The median two-bedroom jumped to $8,500 as the Century City neighborhood continues to appeal to renters in the area. Located near Beverly Hills and West L.A., the area includes plenty of expensive properties.
8. Naples, FL (34103)
The Naples, Florida zip code of 34103 is the eighth most expensive spot this year, with a median one-bedroom rent of $4,500. The limited coastal properties consistently have high demand, increasing prices.
9. Boston, MA (02110)
02110 in Boston, Massachusetts, moved up four spots in the rankings this year. The zip code encompasses the Financial District and Downtown area, which include many new construction buildings charging higher rents. Renters can expect to spend $8,450 on a two-bedroom or $3,700 for a one-bedroom in this neighborhood.
10. Naples, FL (34108)
Naples has another zip code on the list this year, 34108. This waterfront area has slightly lower rental prices than 34103. The median two-bedroom rent in this zip code is $8,200, the lowest of the Top 10 List.
Most Expensive Zip Codes Come From Only Nine States
Last year, the most expensive zip codes resided in just seven states. This year, the zip codes come from nine states. New York has the highest number of expensive zip codes, with 44. Following New York, California comes in second with 28 zip codes, followed by Florida with 15 zip codes. Massachusetts has five, Colorado three, New Jersey two, and then Connecticut, Nevada, and Texas with one.
The concentration spread out to include two more states this year – Nevada and Texas. 89158 in Las Vegas, Nevada, has a median two-bedroom rent of $5,600 this year due to higher demand and constricted inventory. In Texas, 77010 in Houston made its way onto the list after the median two-bedroom rent increased to $4,696.
New York City is the Most Expensive City for Renters
New York City is still the most expensive city nationwide for renters, with two zip codes in the Top Ten List this year. Overall, 39 of the most expensive 100 zip codes reside in New York City, which is the same amount as last year. Thirty of those zip codes reside in Manhattan, which has notoriously expensive real estate across most neighborhoods.
Brooklyn has also become more expensive for renters and has eight zip codes on the list. Many of the zip codes reside in sought-after northwest neighborhoods like Williamsburg, Greenpoint, and Boerum Hill. In this area, renters can expect to spend at least $4,000 on a one-bedroom apartment. Popular new builds and renovated townhouses with outdoor space continue to attract renters with Manhattan budgets, further driving up prices.
Queens has one zip code on the list this year, 11109. This Hunters Point location resides on the water and boasts modern units in buildings with plenty of amenities. Renters in this area can quickly commute into Manhattan, making these units highly sought after. The median two-bedroom rent in this zip code increased to $6,157 this year, but the zip code fell five spots in the rankings.
Los Angeles Rents Are Still Pricey
Eleven of the most expensive zip codes reside in Los Angeles this year. Last year, the city had 15 of the country’s most expensive zips. The market has not significantly cooled off year over year, but rather, other cities across the country have higher rents, taking up spots on the list.
The city’s expensive zip codes include areas like 90265 (Malibu) with a median two-bedroom rent of $6,500. The popular Beverly Hills zip code of 90210 also made the rankings this year. The median two-bedroom rent in this zip code is $5,995.
Rents Remain High in Boston
Boston is still one of the most expensive cities for renters. Four of last year’s zip codes wound up on the 2024 ranking, and 02142 made its way onto the list this year.
The expensive zip codes reside in popular areas like the Back Bay, also one of the country’s most costly areas for buying property. Residents in this area can expect to pay $5,325 for a monthly two-bedroom apartment. Other zip codes include 02210 in South Boston and 02108 in Beacon Hill.
Methodology
This RentHop report showcases the most expensive zip codes in the U.S. for renting a home. Data was collected from RentHop’s national rental database, which included over 1.9 million active rental listings during the period between January 1, 2024, and November 15, 2024.
To produce the ranking, the median rent for a two-bedroom and one-bedroom unit was found for every zip code in the country. Results were sorted by two-bedroom price from most expensive to least, as this unit type was the most common across all zip codes. In the result of a tie, a zip code’s one-bedroom rent was used as a tie-break.
This report includes only residential rental listings. Any listings classified as sales or commercial rentals were excluded from the analysis. We also removed any seasonal and short-term only rentals to factor in the inflated prices in certain zip codes with a high volume of vacation home rental supply. This allows our index to better reflect what an average American renter has to pay for a long-term rental in those zip codes. Any listings with invalid zip codes, including single-building zips in New York City, were also excluded.
For more information on our methodology or to contact our data team, please email press@renthop.com.
