Last month, New Orleans ranked No. 16 in the United States as the city with the most expensive rent. In May, New Orleans dropped four rankings, placing it at No. 20.
The data comes from Zumper’s National Rent Report, which evaluates over one million listings in over 100 cities throughout the nation. Specifically, researchers at Zumper analyze one and two bedroom units throughout each city.
Since last month, the median price for a one bedroom unit fell 5.1 percent and is now $1,290. Two bedroom units, however, have increased by 5.3 percent, placing the median price at $1,590.
Since last year, rent for one bedroom units has increased nearly two percent. Rent for two-bedroom units has not increased since May of 2016.
The most expensive placers to rent include San Francis, New York, San Jose, CA; Boston and Los Angeles.