A one-bedroom apartment is the dream of many who share a place with a roommate or live in a studio. But is it becoming more difficult to afford the rent?
In much of the country, the answer is no: Nationally, rents haven’t changed much in the past year. According to Zumper.com’s April National Rent Report, the median monthly cost of renting a one-bedroom was $1,185 in April, up just 0.1 percent over a month earlier, and only 1.4 percent over the last 12 months.
The trend held true in New York City, one of the country’s most expensive metropolitan areas, where the cost of renting a one-bedroom actually dropped: The median one-bedroom rent was $2,890 a month, down a little less than 1 percent.
But in some cities there were big changes. In Houston, the median one-bedroom rent was $1,260, up about 16 percent. And although Detroit has the lowest median one-bedroom rent of any of the country’s 100 largest metropolitan areas, rents there jumped as well, to a median of $590, an increase of more than 11 percent.
This week’s chart offers a look at the major metropolitan areas where one-bedroom rents rose and fell the most — and where you are likely to find some of the best (or worst) deals if you are in the market for a one-bedroom rental.