By: KDKA-TV News Staff
PITTSBURGH (KDKA) – A recent study from Zumper looked into the median cost for rental properties in the United States, and they found that Pittsburgh ranks 50th in the country.READ MORE: Wolf Administration Warns Of Surge In Student Loan Forgiveness Scams
According to the study, the average cost for a one-bedroom rental in Pittsburgh is $1,130 per month while a two-bedroom costs $1,360.
The study also found that rent growth throughout the country has continued to accelerate, finding that median one-bedroom cost is up 9.2% and two-bedrooms increasing 11%, all since the second quarter of 2020.READ MORE: Can Kids Be Harmed By Wearing Masks To Protect Against COVID?
As of August 2021, New York City surpassed San Francisco as the most expensive market, with a median cost of $2,810, compared to $2,800 for San Francisco.
Rounding out the top five most-expensive markets, Boston was third at $2,300, San Jose in fourth at $2,200, and Washington D.C. in fifth with $2,160.
The cheapest median cost for a rental property on their list was Wichita, Kansas with a median cost of $620 for a one-bedroom and $800 for a two-bedroom.MORE NEWS: Pittsburgh Downtown Partnership Moves 60th Anniversary Light Up Night Celebration To Saturday
The full study can be found at this link.