Bay Area rents: 1-bedroom apartments averaging over $3,000 in Mountain View, Palo Alto and Cupertino

New average prices to rent a one-bedroom apartment will cost you over $3,000 a month in Mountain View, Palo Alto and Cupertino, according to numbers released this week by Zumper.

San Francisco in the latest numbers show the average one-bedroom apartment in the city is going for $2,970.

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NBC Bay Area business and tech reporter Scott Budman has been tracking the numbers and says they vary by geography. He takes a closer look and discusses the housing market in the video above.

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