Honolulu rents are down, but still well above the rest of the nation

Honolulu rents are down, but still well above the rest of the nation
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HONOLULU (HawaiiNewsNow) - Honolulu rents are cooling off, but still well above the national average, a new analysis finds.

In April, Honolulu was ranked the 11th most expensive rental market in the nation, according to the analysis from rental website Zumper.

The median rent for a one-bedroom is at $1,700, while a two-bedroom will set you back $2,200.

While rents are still high, Zumper notes that the median rent for a two-bedroom unit in Honolulu is down about 8 percent compared to the same time last year.

The median rent for a one-bedroom is down about 4.5 percent.

Across the nation's 100 largest metros, the median rent for a one-bedroom was down 9 percent in April compared to a year ago.

San Francisco came in as the priciest city this month. The median rent for a one-bedroom is $3,400.

New York ($2,900) was at no. 2, while San Jose ($2,470) rounded out the top three.

Among the nation's 100 largest metros, Toledo was the most affordable. The median rent for a one-bedroom in April is $530.

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