Honolulu Rents Decline Slightly
The city has slipped out of the Top 10 most expensive rental markets for the first time since June of this year.
It’s sorta good news: One-bedroom apartments in Honolulu no longer are among the 10 most expensive in the nation.
According to apartment-finder website Zumper’s October report, such a unit lists for $1,750. That’s a 0.6 percent dip.
Two-bedroom unit prices still rose by 2.9 percent to $2,500, however.
Still, Zumper notes that it’s the first time since June that the one-bedroom rents for the Big Pineapple actually went down. That’s because rents in Chicago and Seattle “leapfrogged” us.
The most expensive apartments are (to little surprise) in San Francisco, New York City, Boston and Washington, D.C.
In the City By the Bay, for example, $3,420 is the going rate for a one-bedroom apartment while $4,780 will get you a two-bedroom apartment.
Yikes.
Amazingly, Zumper reports that Bay Area rents are actually on the decline, as are prices nationally.
Thinking of moving?
In Toledo, Ohio, a one bedroom lists for $460, while a two-bedroom apartment goes for $650 in Wichita, Kansas.
