August 2015 Rent Report

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Phebe Lewis
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1 August 2015 Rent Report

Median Rent across the 50 Largest US Cities (1) Pos. +/- City Price M/M % Q/Q % Y/Y % Price M/M % Q/Q % Y/Y % 1 0 San Francisco, CA $3,500 0.0% 1.2% 12.9% $4,750-1.0% 4.9% 17.

2 Median Rent across the 50 Largest US Cities (1) Pos. +/- City Price M/M % Q/Q % Y/Y % Price M/M % Q/Q % Y/Y % 1 0 San Francisco, CA $3, % 1.2% 12.9% $4, % 4.9% 17.3% 2 0 New York, NY $3, % 0.0% 3.3% $3, % 0.0% 2.9% 3 0 Boston, MA $2, % -4.3% 0.0% $2, % -3.6% -1.1% 4 0 San Jose, CA $2, % 9.3% 14.9% $2, % 7.0% 14.6% 5 0 Washington, DC $2, % 5.4% 1.4% $2, % 3.1% 3.1% 6 2 Oakland, CA $1, % -1.0% 20.0% $2, % -4.0% 26.3% 7-1 Chicago, IL $1, % 9.1% 11.6% $2, % 9.7% 11.6% 8-2 Miami, FL $1, % 4.4% 10.6% $2, % 4.1% 10.9% 9 0 Los Angeles, CA $1, % -2.8% 3.6% $2, % -0.8% 7.5% 10 0 Seattle, WA $1, % -2.4% -3.0% $2, % -3.9% 0.5% 11 0 San Diego, CA $1, % -2.0% 6.4% $2, % 2.6% 8.1% 12 0 Philadelphia, PA $1, % -4.3% -2.2% $1, % -6.7% -6.7% 13 0 Portland, OR $1, % 2.3% 2.3% $1, % 1.3% 4.0% 14 0 Atlanta, GA $1, % 7.8% 13.6% $1, % 10.3% 20.3% 14 1 Denver, CO $1, % -5.3% 4.2% $1, % 3.6% 10.8% 16 3 Dallas, TX $1, % 6.3% 13.3% $1, % 6.1% 12.1% 17 1 Austin, TX $1, % 11.4% 17.0% $1, % 8.7% 12.8% 18 2 Baltimore, MD $1, % 2.7% 0.0% $1, % 2.1% -1.3% 18-2 Minneapolis, MN $1, % -10.2% -14.2% $1, % -9.1% -17.6% 20-3 Long Beach, CA $1, % -10.4% 1.8% $1, % -5.9% 6.7% 21 0 Charlotte, NC $ % 2.1% 8.9% $1, % 0.9% 10.0% 21 1 Houston, TX $ % -3.0% -3.0% $1, % 0.8% 7.7% 23 4 Sacramento, CA $ % 3.4% 15.4% $1, % -1.9% 8.4% 23 0 Virginia Beach, VA $ % -4.3% 0.0% $1, % 2.7% 4.5% 25-1 Milwaukee, WI $ % -9.5% 1.2% $1, % -8.4% -2.8%

Median Rent across the 50 Largest US Cities (2) Pos. +/- City Price M/M % Q/Q % Y/Y % Price M/M % Q/Q % Y/Y % 26-2 Jacksonville, FL $850-1.2% 1.2% 13.3% $1,000-2.9% 2.0% 14.9% 27 0 Raleigh, NC $840 1.

0% 5.3% $1,000 7.5% 3.1% 12.4% 31 0 Kansas City, MO $770 0.0% 5.5% 16.7% $850 4.9% 2.4% 11.8% 31-1 Louisville, KY $770-1.3% -8.3% 2.7% $870 0.0% -11.2% 2.4% 33-1 Fresno, CA $750 0.0% 7.1% 10.

3 Median Rent across the 50 Largest US Cities (2) Pos. +/- City Price M/M % Q/Q % Y/Y % Price M/M % Q/Q % Y/Y % 26-2 Jacksonville, FL $ % 1.2% 13.3% $1, % 2.0% 14.9% 27 0 Raleigh, NC $ % -3.4% 5.0% $1, % -2.0% 5.3% 28-4 Nashville, TN $ % -8.9% -19.6% $ % -5.0% -8.6% 28 1 San Antonio, TX $ % -1.2% 5.1% $1, % -0.9% 7.1% 30 3 Fort Worth, TX $ % 0.0% 5.3% $1, % 3.1% 12.4% 31 0 Kansas City, MO $ % 5.5% 16.7% $ % 2.4% 11.8% 31-1 Louisville, KY $ % -8.3% 2.7% $ % -11.2% 2.4% 33-1 Fresno, CA $ % 7.1% 10.3% $ % 0.0% 3.7% 34 1 Phoenix, AZ $ % -1.4% 10.6% $ % 5.6% 14.5% 35-2 Omaha, NE $ % -7.7% 4.3% $ % -7.1% 13.8% 36 0 Las Vegas, NV $ % 1.4% 4.4% $ % 5.9% 12.5% 37 1 Columbus, OH $ % -6.7% -6.7% $ % -1.1% 0.0% 38-1 Mesa, AZ $ % 0.0% 7.8% $ % 0.0% 11.8% 39 0 Colorado Springs, CO $ % -8.2% -4.3% $ % 3.3% 5.7% 40-1 Arlington, TX $ % 0.0% 1.5% $ % 3.6% 4.8% 41-2 Cleveland, OH $ % -12.3% -14.7% $ % -6.0% -14.3% 42 0 Memphis, TN $ % -4.5% 3.3% $ % -8.5% -5.8% 43 0 Indianapolis, IN $ % -4.8% 0.0% $ % -11.0% -8.5% 44 0 Albuquerque, NM $ % -7.9% -4.9% $ % 6.3% 6.3% 44 0 El Paso, TX $ % -9.4% -12.1% $ % 0.0% 0.0% 46 0 Tulsa, OK $ % -5.0% 5.6% $ % -3.9% 7.2% 47 0 Tucson, AZ $ % 1.8% 1.8% $ % 6.8% 5.4% 48-1 Oklahoma City, OK $ % -11.3% -5.2% $ % -3.9% -1.4% 49 0 Detroit, MI $ % -9.1% -10.7% $ % -3.1% -3.1% 50 0 Wichita, KS $ % -11.3% -2.1% $ % -7.1% 0.0%

Median Rent per Neighborhood New York City (1) Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 NoMad $4,630 2.4% 6.2% $7,300-1.4% 2.5% 2 0 Flatiron District $4,300 0.0% 2.4% $5,600 3.

4 Median Rent per Neighborhood New York City (1) Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 NoMad $4, % 6.2% $7, % 2.5% 2 0 Flatiron District $4, % 2.4% $5, % 8.7% 3 1 Chelsea $4, % 5.1% $5, % 0.6% 4-1 Tribeca $4, % -7.9% $6, % 0.0% 5 2 Gramercy Park $3, % 7.8% $4, % -2.4% 6 0 Battery Park City $3, % 8.9% $6, % -1.6% 7 3 Soho $3, % 7.8% $4, % -7.9% 7 2 Vinegar Hill $3, % 9.3% $4, % -9.2% 9-2 DUMBO $3, % 3.5% $5, % -3.2% 10 1 West Village $3, % 2.7% $4, % -5.9% 11-6 NoHo $3, % -4.3% $4, % -11.7% 12-1 Koreatown $3, % -3.6% $4, % 7.9% 13 2 Garment District $3, % 7.2% $3, % 2.1% 14 0 Financial District $3, % 2.0% $4, % -8.2% 15-2 Greenwich Village $3, % -6.5% $4, % 3.3% 16 0 Midtown East $3, % 5.1% $4, % 0.0% 16 0 Murray Hill $3, % 6.1% $3, % 2.9% 16 7 Theater District $3, % 9.4% $4, % 2.9% 19-3 Civic Center $3, % 2.6% $5, % 8.2% 20-4 NoLita $3, % 1.5% $4, % 0.0% 20 4 Stuyvesant Town - Peter Cooper Village $3, % 9.3% $4, % 9.5% 22-2 Hell's Kitchen $3, % 2.7% $3, % 0.8% 23 3 Downtown Brooklyn $3, % 7.1% $4, % -2.6% 24-3 Upper West Side $3, % -2.9% $4, % -2.4% 24-3 Williamsburg $3, % 2.2% $3, % 0.0% 26-1 Kips Bay $3, % 2.2% $3, % 5.7% 27 0 Bowery $3, % 2.9% $3, % 0.0% Roosevelt Island $3, % 19.5% $3, % 16.6% 29 0 Long Island City $2, % -3.9% $3, % -7.5% 30 5 Cobble Hill $2, % 18.4% $3, % -2.6%

Median Rent per Neighborhood New York City (2) Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 30 0 East Village $2,900 0.0% 3.6% $3,550 0.0% -1.4% 30 3 Fort Greene $2,900 4.3% -6.

4% 36 0 Upper East Side $2,700 0.0% -1.1% $3,700 0.3% 1.4% 37 0 Carroll Gardens $2,600 0.0% 0.0% $3,800 1.3% 2.7% 37 0 Clinton Hill $2,600 0.0% 4.0% $3,300 3.1% 3.4% 37 4 Gowanus $2,600 2.8% 13.

5 Median Rent per Neighborhood New York City (2) Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 30 0 East Village $2, % 3.6% $3, % -1.4% 30 3 Fort Greene $2, % -6.5% $3, % -4.1% 33-3 Boerum Hill $2, % -10.0% $3, % 4.1% 34-6 Little Italy $2, % -12.3% $4, % -8.2% 35-3 Brooklyn Heights $2, % -0.7% $4, % 15.4% 36 0 Upper East Side $2, % -1.1% $3, % 1.4% 37 0 Carroll Gardens $2, % 0.0% $3, % 2.7% 37 0 Clinton Hill $2, % 4.0% $3, % 3.4% 37 4 Gowanus $2, % 13.0% $3, % 16.7% 37 7 Greenpoint $2, % 8.3% $2, % -1.7% 37 0 Prospect Heights $2, % 0.0% $2, % 2.8% 37-3 Two Bridges $2, % -3.3% $3, % 7.4% 43-1 Lower East Side $2, % 4.1% $3, % 4.3% 44 1 Windsor Terrace $2, % 7.2% $3, % -1.6% 45-3 Park Slope $2, % 0.0% $3, % 3.3% 46 2 Chinatown $2, % 6.2% $2, % -3.9% 47 3 Bushwick $2, % -4.3% $2, % 2.2% 48 1 Greenwood Heights $2, % 4.9% $2, % 2.1% 49 1 Astoria $2, % 2.4% $2, % 0.0% 49 1 Central Harlem $2, % 5.0% $2, % 3.8% 49-3 West Harlem $2, % -3.7% $2, % 7.8% 52 1 Douglaston $2, % 0.0% $3, % 15.1% 53 1 Bedford-Stuyvesant $2, % 2.6% $2, % 6.7% 53 2 Crown Heights $2, % 11.1% $2, % 0.0% 55 0 Rego Park $1, % 4.2% $2, % 3.0% 56 4 College Point $1, % 14.7% $2, % 8.9% 57-2 Coney Island $1, % 0.0% $2, % 3.9% 57-2 Forest Hills $1, % 2.7% $2, % 2.8% 59 1 Brighton Beach $1, % 2.8% $2, % 6.5% 59 1 Jackson Heights $1, % 5.7% $2, % 10.1%

Median Rent per Neighborhood San Francisco Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Financial District $4,100 2.2% 9.3% $5,890 1.9% 7.1% 2 1 Pacific Heights $4,000 3.9% 9.

6 Median Rent per Neighborhood San Francisco Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Financial District $4, % 9.3% $5, % 7.1% 2 1 Pacific Heights $4, % 9.6% $5, % 7.0% 3 2 SOMA $3, % 7.4% $5, % 3.7% 4-2 Mission Bay / Dogpatch $3, % 1.6% $5, % 7.6% 5 3 South Beach $3, % 0.3% $5, % 9.9% 6 0 Marina $3, % 2.8% $5, % 9.7% 6 0 Russian Hill $3, % -3.4% $5, % 9.8% 8 1 Cole Valley $3, % -5.0% $4, % 3.4% 9-5 Mission $3, % 0.3% $4, % 0.6% 10 6 Lower Haight $3, % 9.6% $4, % 8.7% 11 3 Potrero Hill $3, % 4.8% $5, % 9.9% 12-1 Civic Center $3, % -0.3% $4, % 7.5% 13-3 Castro $3, % -5.9% $4, % 8.4% 14 6 Buena Vista/Ashbury Heights $3, % 8.8% $4, % -3.9% 15 3 Hayes Valley $3, % 0.3% $5, % 3.9% 16-2 Mission Dolores $3, % -3.4% $5, % 5.3% 17 4 Telegraph Hill $3, % 3.4% $4, % -3.1% 18 5 Corona Heights $3, % 8.1% $4, % 5.5% 18 1 Lower Pacific Heights $3, % 0.6% $4, % 6.7% 20-4 Downtown $3, % 6.1% $3, % -9.5% 20-7 Noe Valley $3, % 0.3% $4, % 6.9% 22 3 Alamo Square $3, % 9.6% $4, % -0.2% Cow Hollow $3, % -1.5% $5, % 9.8% 22 1 Nob Hill $3, % 2.5% $5, % -5.0% 22 0 North Beach $3, % 0.0% $5, % 9.2% 26 0 NOPA $3, % 9.6% $4, % 0.0% 27 1 Haight Ashbury $3, % 7.2% $4, % 9.9% 28 8 Inner Richmond $3, % 2.0% $3, % -8.4% 29 0 Laurel Heights / Presidio Heights $2, % -2.4% $4, % 6.0% 30 2 Bernal Heights $2, % 9.5% $4, % -9.8%

Median Rent per Neighborhood Los Angeles Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Downtown Santa Monica $3,240 1.3% 4.5% $4,420 1.6% 8.1% 2 0 Ocean Park $2,950 3.5% 0.0% $4,500 2.

1% 8.5% $3,900-2.5% 0.5% 7 1 Bel Air-Beverly Crest $2,410 4.8% 0.4% $3,720-0.8% 6.6% 8 0 Wilshire-Montana $2,400 4.3% 4.3% $3,400 0.0% 9.7% 9-3 Mid-City $2,350-2.5% -2.1% $3,200-1.2% 2.

7 Median Rent per Neighborhood Los Angeles Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Downtown Santa Monica $3, % 4.5% $4, % 8.1% 2 0 Ocean Park $2, % 0.0% $4, % 8.4% 3 0 Venice $2, % 0.8% $3, % 3.4% 4 0 Marina del Rey $2, % -5.4% $3, % 1.8% 5 0 Downtown Los Angeles $2, % 7.0% $3, % 6.2% 5 2 Pacific Palisades $2, % 8.5% $3, % 0.5% 7 1 Bel Air-Beverly Crest $2, % 0.4% $3, % 6.6% 8 0 Wilshire-Montana $2, % 4.3% $3, % 9.7% 9-3 Mid-City $2, % -2.1% $3, % 2.2% 10-2 Mid-City West $2, % 3.1% $2, % 6.0% 11 2 Beverly Hills $2, % 7.1% $3, % 3.1% 12 1 Westwood $2, % -9.4% $3, % -6.0% 13-2 Pico $2, % -4.5% $2, % 8.3% 14-2 Historic Cultural $2, % -4.2% $2, % -1.8% 15 1 Brentwood $2, % 5.1% $3, % 1.0% 15 1 Westchester-Playa Del Rey $2, % 5.7% $2, % 1.5% 17 7 Northeast Santa Monica $1, % 6.9% $3, % -8.6% 18-3 Fox Hills $1, % -0.5% $2, % 7.4% 19-1 West Hollywood $1, % 2.7% $3, % 3.3% 20-2 Sunset Park $1, % -6.0% $3, % -4.8% 21 6 Culver-West $1, % 5.7% $3, % -3.8% 22 4 Atwater Village $1, % 8.8% $2, % 9.9% 22 0 Jefferson $1, % -0.8% $2, % 9.2% 22 0 Silver Lake $1, % 8.8% $2, % 9.4% 22-4 Westside $1, % 3.4% $2, % -1.7% 26 4 Park East $1, % -10.4% $2, % -9.7% 27 4 Woodland Hills-Warner Center $1, % 5.3% $2, % 6.5% 28 0 Hollywood Hills West $1, % -3.9% $2, % -1.8% Hollywood United $1, % -3.9% $3, % -3.8% 30 7 Studio City $1, % 0.6% $2, % -2.0%

8 Median Rent per Neighborhood Boston Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Kendall Square $3, % 1.9% $4, % -2.0% 2 0 D Street - West Broadway $3, % -8.0% $3, % -6.2% 3 0 Downtown Boston $3, % 0.0% $4, % 1.0% 4 1 East Cambridge $2, % 3.2% $3, % 2.3% 5-1 Chinatown - Leather District $2, % -0.7% $4, % -3.4% 6 1 South End $2, % -3.3% $3, % -2.9% 7 1 Back Bay $2, % -6.0% $4, % -6.6% 7 3 West End $2, % 3.5% $3, % -5.6% 9 0 Thompson Square - Bunker Hill $2, % -5.9% $3, % -7.0% 10-4 Cambridgeport $2, % -6.6% $3, % -0.6% 11 2 Bay Village $2, % 0.4% $3, % 0.3% 12-2 Aggasiz - Harvard University $2, % 0.4% $2, % 4.4% 12-2 Lower Roxbury $2, % 7.8% $2, % 1.4% 14 2 Mystic River $2, % 5.6% $3, % 9.5% 15 0 Cambridge Highlands $2, % 0.4% $3, % 1.6% 16-3 Beacon Hill $2, % 0.0% $3, % 7.1% 17 0 North Cambridge $2, % -5.6% $3, % -3.8% 18 1 Neighborhood Nine $2, % 5.9% $3, % 4.5% 19 1 Fenway - Kenmore - Audubon Circle $2, % 0.0% $3, % 0.0% 19-2 North End $2, % -4.2% $2, % 1.7% 19 2 Riverside $2, % 3.1% $2, % -6.9% 22 1 Lower Mystic Basin $2, % 5.7% $2, % 1.2% 22 0 Medford Street - The Neck $2, % -3.9% $2, % -9.8% 24 0 South Brookline $2, % 6.3% $2, % 0.4% 25-1 Coolidge Corner $2, % 2.3% $2, % 3.7% 25 5 Harvard Square $2, % 9.5% $2, % 4.3% 27-3 Powder House $2, % -6.5% $2, % -8.5% 28 4 Strawberry Hill $2, % -2.8% $2, % 0.0% 29 0 Mid-Cambridge $2, % 2.4% $2, % -5.8% 30-2 Telegraph Hill $2, % -2.4% $2, % -3.7%

Median Rent per Neighborhood Chicago Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Near North Side $2,300 1.8% 8.0% $3,280 2.5% 5.8% 2 0 Loop $2,180 1.9% 9.0% $2,700-0.7% -1.

0% 0.4% 7 0 North Center $1,400 0.7% 8.5% $1,890-1.6% 2.2% 8 1 Logan Square $1,360 0.7% 0.7% $1,650-2.9% -5.7% 9 1 Evanston $1,350 0.7% -6.9% $1,750 1.2% -5.4% 9-1 Lakeview $1,350-1.5% -2.2% $1,950 2.

9 Median Rent per Neighborhood Chicago Pos. +/- Neighborhood Price M/M % Q/Q % Price M/M % Q/Q % 1 0 Near North Side $2, % 8.0% $3, % 5.8% 2 0 Loop $2, % 9.0% $2, % -1.8% 3 0 Near West Side $2, % 7.1% $2, % 1.1% 4 0 West Town $1, % 1.6% $2, % 9.1% 5 0 South Loop $1, % 6.9% $2, % 8.8% 6 0 Lincoln Park $1, % 1.2% $2, % 0.4% 7 0 North Center $1, % 8.5% $1, % 2.2% 8 1 Logan Square $1, % 0.7% $1, % -5.7% 9 1 Evanston $1, % -6.9% $1, % -5.4% 9-1 Lakeview $1, % -2.2% $1, % 2.6% 11 0 Uptown $1, % 5.9% $1, % -5.9% 12 0 Lincoln Square $1, % 0.0% $1, % -1.9% 13 1 Edgewater $1, % 7.6% $1, % 6.7% 14 1 Lower West Side $1, % -1.8% $1, % 3.7% 15 0 Avondale $1, % 8.8% $1, % 6.7% 15-2 Hyde Park $1, % 2.8% $1, % 2.2% 17 0 Albany Park $1, % 5.9% $1, % 0.0% 18 0 Norridge $1, % 2.9% $1, % 6.7% 19 0 Rogers Park $1, % 8.4% $1, % 9.4% 20 0 Jefferson Park $1, % 2.0% $1, % 3.7% 21 1 Irving Park $ % 8.8% $1, % 5.4% 22 0 Montclare $ % 2.1% $1, % -5.7% 23 4 Humboldt Park $ % 0.0% $1, % -8.3% 23 2 Pottage Park $ % 5.6% $1, % -1.6% 25 0 Kenwood $ % -4.1% $1, % 8.4% 26-2 West Ridge $ % 3.4% $1, % 4.0% 27 2 Grand Boulevard $ % 12.8% $1, % 14.1% 28 0 Hermosa $ % 0.0% $1, % 7.1% 29 1 Belmont Cragin $ % 0.0% $1, % -6.3% 30 1 North Lawndale $ % 1.4% $ % -2.1%

10 Appendix

11 Median 1 Bedroom Rent by City (top 100) City 1 Bedroom City 1 Bedroom City 1 Bedroom City 1 Bedroom San Francisco, CA $3,500 Oakland, CA $1,980 Newton, MA $1,700 Glendale, CA $1,500 New York, NY $3,100 Long Beach, NY $1,950 Pasadena, CA $1,700 Oakton, VA $1,500 Laguna Beach, CA $2,600 Somerville, MA $1,930 Silver Spring, MD $1,700 San Diego, CA $1,500 Mountain View, CA $2,520 Chicago, IL $1,920 Waltham, MA $1,700 Leesburg, VA $1,490 Weehawken, NJ $2,510 Huntington, VA $1,900 Takoma Park, MD $1,690 North Bergen, NJ $1,490 Santa Monica, CA $2,450 Urban Honolulu, HI $1,900 Hanover, MD $1,670 Herndon, VA $1,480 Cambridge, MA $2,440 West Hollywood, CA $1,900 Kirkland, WA $1,660 Fort Lauderdale, FL $1,450 Berkeley, CA $2,400 Miami, FL $1,880 Aventura, FL $1,650 Hallandale Beach, FL $1,450 Tysons Corner, VA $2,380 Chevy Chase, MD $1,850 Highland Park, TX $1,650 Hollywood, FL $1,450 Sunnyvale, CA $2,340 White Plains, NY $1,850 Paradise, NV $1,650 Malden, MA $1,450 Hoboken, NJ $2,300 Redondo Beach, CA $1,840 Revere, MA $1,650 Santa Clarita, CA $1,450 Arlington, VA $2,260 Merrifield, VA $1,830 West New York, NJ $1,650 Tustin, CA $1,450 Beverly Hills, CA $2,250 Santa Barbara, CA $1,830 Camp Springs, MD $1,630 Chillum, MD $1,430 Boston, MA $2,250 Glenmont, MD $1,820 Arlington, MA $1,600 Fairfax, VA $1,420 San Jose, CA $2,230 Culver City, CA $1,810 Coral Gables, FL $1,600 Lincolnia, VA $1,410 Jersey City, NJ $2,150 Bethesda, MD $1,800 Huntington Beach, CA $1,600 Atlantic City, NJ $1,400 Santa Clara, CA $2,150 Miami Beach, FL $1,800 North Bay Village, FL $1,600 Miramar, FL $1,400 Washington, DC $2,150 Rockville, MD $1,790 Redmond, WA $1,600 North Miami Beach, FL $1,400 Melrose, MA $2,140 Alexandria, VA $1,770 Seattle, WA $1,600 Oceanside, CA $1,400 Brookline, MA $2,130 Irvine, CA $1,760 Quincy, MA $1,590 Reston, VA $1,400 Fremont, CA $2,110 Los Angeles, CA $1,750 Costa Mesa, CA $1,570 Staunton, VA $1,400 Bellevue, WA $2,000 Medford, MA $1,750 Norwalk, CT $1,540 Torrance, CA $1,400 Newport Beach, CA $2,000 Parole, MD $1,740 Bay Harbor Islands, FL $1,500 Mount Vernon, NY $1,380 Sunny Isles Beach, FL $2,000 North Bethesda, MD $1,710 Burbank, CA $1,500 Oak Park, IL $1,380 Watertown Town, MA $2,000 Stamford, CT $1,710 Delray Beach, FL $1,500 Centreville, VA $1,360

12 Median 1 Bedroom Rent by Neighborhood (top 100) Neighborhood City 1 Bedroom NoMad New York, NY $4,630 Flatiron District New York, NY $4,300 Margate City Margate City, NJ $4,250 Chelsea New York, NY $4,120 Tribeca New York, NY $4,100 Pacific Heights San Francisco, CA $4,000 Gramercy Park New York, NY $3,990 SOMA San Francisco, CA $3,920 Battery Park City New York, NY $3,900 Vinegar Hill New York, NY $3,880 Soho New York, NY $3,880 DUMBO New York, NY $3,850 West Village New York, NY $3,800 Mission Bay San Francisco, CA $3,780 NoHo New York, NY $3,780 South Beach San Francisco, CA $3,760 Koreatown New York, NY $3,750 Garment District New York, NY $3,730 Russian Hill San Francisco, CA $3,700 Marina San Francisco, CA $3,700 Financial District New York, NY $3,650 Diamond Head - Kapahulu Urban Honolulu, HI $3,610 Greenwich Village New York, NY $3,600 Mission San Francisco, CA $3,600 South Beach Fort Pierce, FL $3,580 Lower Haight San Francisco, CA $3,530 Theater District New York, NY $3,500 Midtown East New York, NY $3,500 Murray Hill New York, NY $3,500 Civic Center New York, NY $3,490 Civic Center San Francisco, CA $3,490 Peter Cooper Village New York, NY $3,400 NoLita New York, NY $3,400 Hell's Kitchen New York, NY $3,390 Central District Long Beach, NY $3,380 Telegraph Hill San Francisco, CA $3,360 Downtown Brooklyn New York, NY $3,320 Downtown San Francisco, CA $3,310 Noe Valley San Francisco, CA $3,310 Upper West Side New York, NY $3,300 Williamsburg New York, NY $3,300 Cow Hollow San Francisco, CA $3,300 Kendall Square Cambridge, MA $3,300 Nob Hill San Francisco, CA $3,300 Kips Bay New York, NY $3,270 Downtown Santa Monica Santa Monica, CA $3,240 Bowery New York, NY $3,200 Coronado Coronado, CA $3,180 D Street - West Broadway Boston, MA $3,120 Downtown Boston Boston, MA $3,100 Neighborhood City 1 Bedroom Foggy Bottom - GWU - West End Washington, DC $3,100 Woodley Park Washington, DC $3,060 Roosevelt Island New York, NY $3,000 Long Island City New York, NY $2,980 Ocean Park Santa Monica, CA $2,950 East Cambridge Cambridge, MA $2,940 Fort Greene New York, NY $2,900 Cobble Hill New York, NY $2,900 East Village New York, NY $2,900 Chinatown - Leather District Boston, MA $2,890 Boerum Hill New York, NY $2,880 Little Italy New York, NY $2,850 Brooklyn Heights New York, NY $2,830 Park West Miami, FL $2,810 Cherry Creek Denver, CO $2,800 Lakeshore San Francisco, CA $2,710 Upper East Side New York, NY $2,700 Inner Sunset San Francisco, CA $2,700 Village of Key Biscayne Key Biscayne, FL $2,700 Downtown Berkeley Berkeley, CA $2,700 The Waterfront Jersey City, NJ $2,670 South End Boston, MA $2,660 West End Boston, MA $2,650 Back Bay Boston, MA $2,650 Lyon Village Arlington, VA $2,620 Venice Los Angeles, CA $2,600 Gowanus New York, NY $2,600 Greenpoint New York, NY $2,600 Venetian Islands Miami Beach, FL $2,600 Prospect Heights New York, NY $2,600 Two Bridges New York, NY $2,600 The Village Laguna Beach, CA $2,600 Clinton Hill New York, NY $2,600 Carroll Gardens New York, NY $2,600 Downtown Detroit Detroit, MI $2,600 Lower East Side New York, NY $2,550 Thompson Square - Bunker Hill Boston, MA $2,550 Cambridgeport Cambridge, MA $2,540 Windsor Terrace New York, NY $2,520 Bay Village Boston, MA $2,510 Park Slope New York, NY $2,500 Downtown - Penn Quarter Washington, DC $2,500 City Center Miami Beach, FL $2,500 North Central Tysons Corner, VA $2,500 Lower Roxbury Boston, MA $2,500 Cleveland Park Washington, DC $2,500 Aggasiz - Harvard University Cambridge, MA $2,500 Marina del Rey Los Angeles, CA $2,460 Bal Harbour Bal Harbour, FL $2,450 Sand Section Manhattan Beach, CA $2,450

September 2015 Rent Report

September 2015 Rent Report Median Rent across the 50 Largest US Cities (1) Pos. +/- City Price M/M % Q/Q % Y/Y % Price M/M % Q/Q % Y/Y % 1 0 San Francisco, CA $3,530 0.9% 0.9% 13.9% $4,900 3.2% 4.7% 21.0%