The rental market is comprised of two specific groups of individuals: those who have to rent out of necessity and those who choose to rent. HomeUnion recently released a list of the top 20 most expensive places to rent for those who have a choice — and as real estate agents know, choices can always change.
- The most expensive ZIP code reported was 10007 in Tribeca in New York City, where the average rent is $8,762.
- The ZIP code with the highest percentage of renter households is Newport-Jersey City, where 46 percent of households are renters.
- Between 2005 and 2015, nine million renter households were created, marking the largest increase in any 10-year period.