According to the recent study by RentHop, Massachusetts contains five of the nation's most expensive ZIP codes for renters, highlighting the significant financial barriers in these regions.
Despite a cooling off in rental prices in California, areas like Malibu remain extremely costly, with a two-bedroom apartment commanding a median rent of $6,500.
Fisher Island in Florida is reported as the most expensive area for renters in 2024, where a two-bedroom apartment averages $25,000 monthly, showcasing extreme rental inflation.
The influx of new residents into Texas and the housing shortage in Nevada have significantly impacted rental prices, making both states newcomers in the top 10 priciest lists.
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