As rents in California metros continue to skyrocket, one smaller coastal city not only outpaces the rest of the state — but also leads the nation in rental costs.
And that place, for the fourth year in a row, is Santa Cruz.
Since 2023, the greater Santa Cruz-Watsonville metro area has held the dubious honor of being the most expensive rental market in the U.S., according to data compiled by the National Low Income Housing Coalition…