San Jose is now the third-most expensive rental market in the country.
Only San Francisco and New York are costlier.
That’s according to May statistics from Zumper, the apartment rental website. Its national rent report shows San Jose edging past Boston for the first time. Boston is now ranked fourth, while — a sawbuck behind — Oakland is tied with Washington, D.C., at No. 5.
All of this is an uncomfortable reminder of how difficult it is for low-income and middle-class earners to get by in the Bay Area. The median price for a one-bedroom apartment is $3,590 in San Francisco, $2,290 in San Jose and $2,270 in Oakland, according to the report.
View Article