Manhattan Least Renter Friendly, Home to 15 of the Priciest ZIP Codes in the U.S.

Despite recent rumors that the NYC luxury home market has been sluggish in the past year, on the residential front, renters are unwillingly competing with home buyers to see ‘who has it tougher’, with both parties claiming one victory upon another.

With monthly rankings of priciest NYC condos sold now regularly featuring $19 million properties, and with neighborhoods where the median home prices jumped over the $3 million mark, it’s hard not to sympathize with New York home buyers.

But most recently, our colleagues over at RENTCafé have added a new (albeit unwanted) win for ‘the rent is too damn expensive’ side: after taking a close look at rent data throughout the U.S., the apartment search portal has found that 15 of the 20 most expensive zip codes in the country are located in Manhattan.

And while you can probably guess what the zip codes are without even us mentioning them, what might surprise you is the median rent associated with each of them:

RankingZIP code
City StateTotal no. of unitsMedian rent
1
10036New York City
NY
5042
$4,720
210014
New York City
NY
580
$4,650
310282
New York CityNY
886$4,615
410010
New York City
NY
3379$4,200
510065
New York CityNY
1967$4,200
694920
TiburonCA360$4,195
710025
New York City
NY
2023
$4,185
810001
New York City
NY
3156$4,150
910003
New York City
NY
2529$4,095
1010002
New York CityNY
791
$4,032
1110026
New York City
NY
904
$3,990
1210019
New York CityNY
4748
$3,960
1394158
San Francisco
CA847
$3,931
1494105San Francisco
CA1210
$3,911
1510016
New York CityNY8551
$3,895
1610023
New York CityNY3443
$3,890
1710069
New York CityNY
1536
$3,855
1810038
New York City
NY
1434
$3,855
1994107San Francisco
CA3671
$3,851
2090405
Santa MonicaCA1371
$3,832

Most Expensive NYC Zip Codes for Renters

With ZIP codes that include notoriously expensive Manhattan neighborhoods — like Hell’s Kitchen, Times Square, and the Theater District — leading the list, followed closely by equally (or even more) posh areas like the West Village, Tribeca, Gramercy and Flatiron, as well as Lenox Hill, it is worth noting that all the ZIP codes that made their way to the Top 10 have striking median rents  of over $4,000.

So if you’re looking to rent an apartment in NYC and don’t have a fortune to spare, here are the ZIP codes that might not fit your budget:

Most Expensive NYC Zip Codes for Renters

Most Expensive Zip Codes for Renters – Outside of NYC

The West Coast tries to balance out the list, with a total of 5 ZIP codes making their way to the list of ‘most expensive ZIP codes for renters’, but with only one entry in the Top 10: 94920 (Belvedere Tiburon, CA), region where renters have paid a median rent of $4,195 in 2015.

And while NYC may dominate our ranking, don’t let that fool you: San Francisco apartments have equally outrageous median rents, with apartments in Mission Bay (ZIP 94158) asking $3,931/month, Yerba Buena (ZIP 94105) apartments asking $3,911/month, and Potrero Hill and Dogpatch (ZIP 94107) rentals asking $3,851/month.

The last ZIP code to make it to the Top 20 is Santa Monica‘s 90405, home to the prestigious Ocean Park and Sunset Park neighborhoods. The two neighborhoods, comprising what is known as one of L.A.’s sunniest coastal communities, had a median monthly rent of $3,832.

Methodology: The research was compiled by RENTCafé, based on data provided by Yardi Matrix — a leading apartment intelligence service and part of the Yardi family of companies, along with RENTCafé and PropertyShark. To rank the most expensive ZIP codes in the U.S., RENTCafé looked at the actual rent charged last year (2015) in apartment buildings with 50 or more rentals. Only ZIP codes containing data for 200 or more rental units have been considered as a valid selection. 90210 (in Beverly Hills, CA) and 10007 (in NYC) have therefore been excluded due to low sample size.

Georgiana Mihaila

Georgiana Mihaila

After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world’s leading self-dev media companies, Goalcast Inc. She’s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com

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