11 Most Expensive Cities for Renting an Apartment

11 Most Expensive Cities for Renting an Apartment

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By Graci Woodworth, Storage.com

Finding your place in this world can be pretty difficult, not to mention how hard it can be to move there. Storage.com is here to help with the moving process, either by providing storage or helping you find the ideal place to call home.

Living in a major city comes with an endless list of perks, including glittering skylines, vibrant atmospheres, and food that you’ll surely call home about. What’s not so great, though, is the price tag tacked onto your smaller-than-expected apartment. Take a look below to learn more about the most expensive cities for renting an apartment and just how far you can hope to stretch your dollar in each.

11. SEATTLE, WA.

Photo by Bryce Edwards
Photo by Bryce Edwards

The Emerald City is one of the fastest-growing cities in the U.S. with a rising population of 652,405. But much to the dismay of residents, cost of living in Seattle has crept up to 20.8% above the national average. In this swelling city, you can expect $1,434 as the average monthly rent for a one-bedroom apartment.

10. SAN DIEGO, CA.

Photo by eutrophication&hypoxia
Photo by eutrophication&hypoxia

There’s no doubt about it—San Diegans pay the price for their charming beach-culture. With a climbing 1.36 million residents, overall cost of living in San Diego sits 22.8% above the national average. The average monthly rent for a one-bedroom apartment in San Diego will be somewhere near $1,537.

9. WASHINGTON, D.C.

Photo by fortherock
Photo by fortherock

The nation’s capital has a population of 658,893 but stealthily surpasses one million during the workweek. When it comes to cost of living, Washington D.C. is 24.3% over the national average. To score a one-bedroom apartment in Washington, D.C., you’ll have to budget for an average of $1,738 a month.

8. LOS ANGELES, CA.

Photo by Todd Jones
Photo by Todd Jones

The City of Angels falls second only to New York City when it comes to most populous cities in America, clocking in at 3.88 million residents. Because it’s such a popular destination for coastal living, cost of living in Los Angeles is 18.7% higher than the national average, and the average monthly rent for a one-bedroom apartment is estimated at $1,814.

7. HONOLULU, HI.

Photo by Edmund Garman
Photo by Edmund Garman

Honolulu hits the charts with a consolidated city and county population of 953,207, taking the title of the largest city in the state. Overall cost of living in Hawaii’s capital city is 49.4% above the national average. Renting a one-bedroom apartment in Honolulu will cost you around $1,844 each month.

6. BOSTON, MA.

Photo by Matthias Rosenkranz
Photo by Matthias Rosenkranz

The historic city of Boston harbors a population of 645,966 with overall cost of living at 21.2% above the national average. If you’re thinking about relocating to The Walking City, you’ll find that the average monthly rent for a one-bedroom apartment falls around $2,054.

5. STAMFORD, CT.

Photo by CorpsNewEngland
Photo by CorpsNewEngland

Considered part of the Greater New York metro, Stamford has a compact population of 128,278 residents. While it’s smaller and slightly more affordable than its NYC neighbor, Stamford’s cost of living is 36.9% over the national average. If you want a one-bedroom apartment in Stamford, you’ll have to shell out an average monthly rent of $2,072.

4. SAN JOSE, CA.

Photo by the_tahoe_guy
Photo by the_tahoe_guy

Holding around 1 million residents and claiming the third largest population in the state of California, the city of San Jose is nicknamed “Capital of Silicon Valley.” Its cost of living is 48.2% higher than the national average. And while it does have a little more room to breathe than other cities in the Bay Area, a one-bedroom apartment in San Jose can be yours for an average monthly rent of $2,300.

3. NEW YORK CITY, NY.

Photo by Anthony Quintano
Photo by Anthony Quintano

New York City residents will tell you first-hand that housing prices in the country’s most populated city aren’t exactly a steal. With a total population of 8.41 million, the overall cost of living in NYC is 30.2% above the national average. Those looking to claim a one-bedroom apartment in the Big Apple can anticipate an average monthly rent near $2,973.

2. OAKLAND, CA.

Photo by Darin Marshall
Photo by Darin Marshall

Located just across the bay from San Francisco, the city of Oakland has a population of 406,253. The overall cost of living in the East Bay rivals that of San Francisco at 37.3% above the national average. Securing a one-bedroom apartment in Oakland will cost you an average of $3,078 a month.

1. SAN FRANCISCO, CA.

Photo by Jeff Gunn
Photo by Jeff Gunn

It’s no surprise that San Francisco is at the top of the charts when it comes to most expensive cities to call home. As of 2014, the population estimate was at a healthy 852,469, which translates to more than 18,000 people squeezing into every square mile. You won’t get too far with your dollar in The City by the Bay, as cost of living is 48.8% above the national average, and a one-bedroom apartment in San Francisco will cost you around $3,100 per month on average.

Finding an Affordable Storage Option

Finding an Affordable Storage Option

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By Molly Hammond, Storage.com

Finding your place in this world can be pretty difficult, not to mention how hard it can be to move there. Storage.com is here to help with the moving process, either by providing storage or helping you find the ideal place to call home.

So you’ve decided you need self storage to remove some clutter from your apartment or house, but you also don’t want to spend a fortune each month on your storage unit rental. How can you find an affordable storage option? Well, first, it’s important to understand what affects the price of storage unit rentals. In most cases, there are three aspects of self storage that determine pricing: location, unit size, and amenities.

Why Location Matters in Self Storage Costs

“Location, location, location” is the phrase every real estate agent uses when explaining why certain apartments, condos, and houses cost more than others, and that’s because location determines everything from ease of access to area security. It’s no different with self storage.

Storage facilities in areas with higher storage demand—like urban areas of large cities where more people are renting storage to compensate for smaller living spaces—often have more expensive rates. Take Houston, Texas, for example. A 5×10 climate-controlled storage unit in Clear Lake on the outskirts of the metro starts around $60 a month while the same unit in Midtown Houston starts around $100 a month.

One of the easiest ways you can save money on storage is by choosing a facility in an area where demand isn’t as great. Obviously, this means accessing your unit is less convenient because you’ll have to drive across town, but if you don’t plan on visiting your storage facility regularly, it’s a simple compromise.

Why Getting the Right Unit Size Is Important

Although unit sizes can vary from facility to facility, most storage operations offer these standard storage unit sizes: 5×5, 5×10, 10×10, 10×20, and 10×30. The 5×5 and 5×10 sizes are best for smaller storage needs since they’re similar to the size of a walk-in closet. These units can typically hold a mattress set, small furniture, and some boxes. The 10×10, 10×20, and 10×30 sizes, however, are best for larger storage needs, such as storing vehicles or the entire contents of an apartment or house while moving.

Typically, the bigger the storage unit, the more expensive the rental. The last thing you want is to guess how much storage space you need only to wind up paying for a half-empty unit each month. This is why it’s important to determine your space requirements ahead of reserving a unit. Not only will you get the right unit size for your things, but you’ll also be able to shop and compare faster because you’ll know what you need.

If you need helping find the best unit size for your needs, check out our storage unit size guide.

Why Amenities Raise Rental Rates

Storage features definitely play a part in the cost of your storage unit. It’s the same reason why a car’s base model is so much cheaper than a luxury model—because you’re not paying for “creature comforts.”

Some of the features storage facilities will offer include:

  • Drive-Up Access
  • Level of Access (i.e., first floor, second floor, etc.)
  • Climate-Controlled Storage
  • Security (e.g., gated access, video surveillance, on-site management, alarmed units)
  • Auto/Boat/RV Storage

While these amenities are useful in many situations—drive-up access when you’re moving heavy items, climate control when storing temperature-sensitive items—unless you absolutely need them, it’s better to find a basic storage unit. For example, an indoor storage unit on the ground level of a storage facility can cost anywhere from $20-100 more a month compared to a unit on a second or third level.

If you’re looking for ways to get cheap storage, opt for a facility that’s farther away, don’t rent more space than you need, and don’t tack on unnecessary amenities.
SEARCH FOR SELF STORAGE TODAY!

  • http://supercheapselfstorage.com.au/facilities/sydney/greater-sydney/north-shore/ ericbosloor

    Running an online business from home saves you on rental fees provided that you do have sufficient space at home. However, that is often not the case especially when your business is showing positive progress down the road. A self storage unit would come in handy in such a situation with affordable rates and ease of access and a convenient location.

  • http://supercheapselfstorage.com.au/facilities/sydney/greater-sydney/north-shore/ ericbosloor

    Most self storage facilities offer competitive prices these days due to skyrocketing demand lately. Households treat self storage like a commodity, hence almost every family needs at least one unit today. However, it does not hurt to make some research before deciding on the facility of your choice which offers the best price without sacrificing on quality.

  • Georgia Boothe

    I love the idea of using self-storage to keep an Etsy shop organized! I’ve got a roommate who runs an Etsy shop and is having the hardest time keeping all of her products organized in an efficient way, especially the off-season materials like you mentioned. I might have to show her this article to give her some ideas of how a storage unit would help her manage it!
    http://www.townandcountrystorage.com/huntersville-nc/

  • http://supercheapselfstorage.com.au/facilities/sydney/newcastle/ NathanDavidson

    There are several options available for vehicle storage so you need to decide on your own which storage option best suits your vehicle type. I personally prefer an indoor vehicle storage because I can rest assured that my vehicle will be safe from any weather condition and even theft.