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You Can't Afford to Live Here: Rental Average Now $1,416

All of those McMansions, condo conversions and tight land supply in Southern California means that not only have home prices shot to the stratosphere, so has rent, with Los Angeles' average at $1,416 per month, according to the Casden Real Estate Economics Forecast. Feel like you're at the edge of a renter's bubble and it's gotta pop sometime? Not likely - rents are expected to increase another 6-7 percent this year.

But if all that bad news, has you feeling down, consider this: we're still better off than New York or San Francisco, where average rents are $2,400 and $1,537 per month, respectively. Oh, and their weather sucks. Feel better now?