san franciscoShutterstockMission Bay is San Francisco's most expensive neighborhood.


    There's arguably nothing as grueling as searching for a new place to live - especially if you're an urban-dwelling renter on a budget.

    Rent in the US is up 7% this year, albeit at a slower pace of growth, and rents as a percentage of income are at a historic high of 29.1%. It's no surprise, then, that renters spent a record amount of money on housing in 2017, paying $485.6 billion to landlords, Business Insider's Akin Oyedele previously reported

    Still, many Americans are struggling to afford housing. New research from the National Low Income Housing Coalition shows that a minimum-wage worker needs 2.5 full-time jobs to afford to rent a one-bedroom apartment in most of the US.

    Needless to say, the neighborhood you live in matters when it comes to keeping your housing costs in check.

    We recently compared the most expensive and most affordable neighborhoods in nine major US cities using the average monthly rent data for all rentals from RENTCafé.

    Not only did our findings highlight extreme differences across different neighborhoods in the same city, they also emphasized just how high rent really is, even in some of the most affordable neighborhoods.

    Look at San Francisco, one of the most expensive cities in the country. The average monthly rent in its most expensive neighborhood, Mission Bay, is $4,060. In Hayes Valley, the city's most affordable neighborhood, the average monthly rent is $2,764. That's lower for San Francisco, but higher than the average monthly rent in the most expensive neighborhoods of six cities on this list - Atlanta, Chicago, Houston, Miami, Phoenix, and Washington, DC.

    Manhattan has the most expensive neighborhood overall, with average rents in TriBeCa at $5,586. Of all the most affordable neighborhoods, Houston's Greater Fifth Ward is the least expensive with an average rent of $653.

    Manhattan has the highest disparity of any city between its most expensive neighborhood, TriBeCa, and most affordable neighborhood, Washington Heights, with a $3,411 difference.

    Now, take a look at the most expensive and most affordable neighborhood in each city.
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    Atlanta, Georgia

    Atlanta, Georgia

    Most expensive neighborhood: Ansley Park

    Average monthly rent cost for all rentals: $1,827

    Most affordable neighborhood: Browns Mill Park

    Average monthly rent cost for all rentals: $700

     

    Chicago, Illinois

    Chicago, Illinois

    Most expensive neighborhood: River West

    Average monthly rent cost for all rentals: $2,424

    Most affordable neighborhood: West Garfield Park

    Average monthly rent cost for all rentals: $759

     

    Washington, DC

    Washington, DC

    Most expensive neighborhood: West End Washington

    Average monthly rent cost for all rentals: $2,577

    Most affordable neighborhood: River Terrace

    Average monthly rent cost for all rentals: $1,101

     

    Houston, Texas

    Houston, Texas

    Most expensive neighborhood: Greater Third Ward

    Average monthly rent cost for all rentals: $1,865

    Most affordable neighborhood: Greater Fifth Ward

    Average monthly rent cost for all rentals: $653

     

    Los Angeles, California

    Los Angeles, California

    Most expensive neighborhood: Pacific Palisades

    Average monthly rent cost for all rentals: $3,744

    Most affordable neighborhood: Glassell Park

    Average monthly rent cost for all rentals: $1,390

     

    Miami, Florida

    Miami, Florida

    Most expensive neighborhood: Brickell Key

    Average monthly rent cost for all rentals: $2,451

    Most affordable neighborhood: Flagami

    Average monthly rent cost for all rentals: $1,342

     

    New York, New York

    New York, New York

    Most expensive neighborhood: TriBeCa

    Average monthly rent cost for all rentals: $5,586

    Most affordable neighborhood: Washington Heights

    Average monthly rent cost for all rentals: $2,175

     

    Phoenix, Arizona

    Phoenix, Arizona

    Most expensive neighborhood: Desert Views

    Average monthly rent cost for all rentals: $1,180

    Most affordable neighborhood: Estrella Village

    Average monthly rent cost for all rentals: $756

     

    San Francisco, California

    San Francisco, California

    Most expensive neighborhood: Mission Bay

    Average monthly rent cost for all rentals: $4,060

    Most affordable neighborhood: Hayes Valley

    Average monthly rent cost for all rentals: $2,764