Leading large cities for luxury apartment rent in the U.S. 2021

Published by Statista Research Department, Jul 25, 2023
High-end, or luxury apartments, are usually larger, situated in desirable locations, and provide various amenities, such as sporting facilities, recreational areas, and in-building services. In Fresno, California, which was one of the 30 best large cities for renting a luxury apartment according to the source, the average monthly rent of a high-end apartment was 1,588 U.S. dollars as of February 2021.

Average rent in high-end apartments in selected cities in the United States as of February 2021 (in U.S. dollars)

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Sources

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Release date

April 2021

Region

United States

Survey time period

2021

Special properties

cities with more than 300,000 residents, at least 1,000 units and 4 properties classified as high-end.

Supplementary notes

The source adds the following information: "The final rankings that determine “great value” are based on weights attributed to the main metrics: average rent as of February 2021 (35%), average square footage (35%), share of high-end units within a city (15%) and share of high-end units within top locations as defined by Yardi Matrix (15%)."

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