The average monthly rent of apartments in California increased substantially 2021, followed by a period of stabilization. In May 2024, the average rent of a two-bedroom apartment cost over 2,200 U.S. dollars, up from 1,849 U.S. dollars in December 2020 before rents started to rise. Nevertheless, not all cities saw rents rise at the same pace.

In January 2025, apartment rents recorded an annual growth in most U.S. states. Nevertheless, the national average rent declined by about one percent. West Virginia was the state with the largest rental increase, while Colorado measured the largest decline. California, one of the most expensive states to rent an apartment, such as California, saw an increase of about one percent from the previous year. How much should you earn to afford to rent an apartment in different states in the U.S.? Both employment opportunities and the living costs vary widely across the country. In California, which is among the most competitive housing markets in the U.S., the hourly wage needed to afford a two-bedroom apartment rental was roughly 47 U.S. dollars, more than twice higher than in North Carolina, Louisiana, or Michigan in 2024. When it comes to the median household income, on the other hand, California does not even make it in the top ten states. How much should you earn to afford a home in some of U.S. largest metros? In 2022, the annual salary needed to buy a median-priced home in the U.S. was 97,000 U.S. dollars. However, in some of the largest metropolitan areas in the United States, where housing prices are up to two or three times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro, the annual salary needed for a median-priced home was approximately 374,000 U.S. dollars.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUSR0000SEHA) from Jan 1981 to Feb 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The average monthly rent of apartments in Florida increased substantially in 2021, followed by two years of slight decrease. As of May 2024, the average rent of a two-bedroom apartment in Florida cost 1,557 U.S. dollars, which was an increase of 400 U.S. dollars from May 2020 when prices started to rise.

Rent Inflation in the United States decreased to 4.20 percent in February from 4.40 percent in January of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

The average monthly rent for all apartment types in the U.S. soared in 2021 and 2022, followed by a slight decline in the next two years. In January 2025, the monthly rent for a two-bedroom apartment amounting to 1,356 U.S. dollars. That was an increase from 1,136 U.S. dollars in January 2021 but a decline from the peak value of 1,427 U.S. dollars in August 2022. Where are the most expensive apartments in the U.S.? Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly 42 U.S. dollars, which was approximately double the average wage in North Carolina and three times as much as the average wage in Arkansas. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states. How did rents change in different states in the U.S.? In 2024, some of the most expensive states to rent an apartment only saw a moderate increase in rental prices. Nevertheless, rents increased in most states as of January 2025. In West Virginia, the annual rental growth was the highest, at seven percent.

Graph and download economic data for Rental Vacancy Rate for the United States (USRVAC) from 1986 to 2024 about vacancy, rent, rate, and USA.

Graph and download economic data for Expenditures: Total Average Annual Expenditures by Housing Tenure: Renter (CXUTOTALEXPLB1705M) from 1984 to 2023 about rent, average, expenditures, housing, and USA.

Graph and download economic data for Regional Price Parities: Services: Housing for Nevada (NVRPPSERVERENT) from 2008 to 2023 about NV, PPP, rent, services, price, and USA.

Graph and download economic data for Employment for Real Estate and Rental and Leasing: Video Tape and Disc Rental (NAICS 532282) in the United States (IPULN532282W200000000) from 1987 to 2023 about video, leases, rent, NAICS, real estate, employment, and USA.

Graph and download economic data for Gross Domestic Product: Real Estate and Rental and Leasing (53) in Hawaii (HIRERENTLEANGSP) from 1997 to 2023 about HI, leases, finance, insurance, rent, real estate, GSP, private industries, private, industry, GDP, and USA.

Among the 30 markets with the largest industrial and logistics real estate inventory in the United States,Orange County, CA, had the highest rental rate in the first quarter of 2024. The square footage rent of warehouse and distribution centers was 20.59 U.S. dollars, while for manufacturing sites it was 19.22 U.S. dollars. In the largest market, Chicago, IL, rents were significantly lower, at less than seven U.S. dollars.

Japan Average Rent: Annual: Exisitng Building: Nagoya data was reported at 10,868.000 JPY/Tsubo in 2017. This records an increase from the previous number of 10,802.000 JPY/Tsubo for 2016. Japan Average Rent: Annual: Exisitng Building: Nagoya data is updated yearly, averaging 11,076.000 JPY/Tsubo from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 11,682.000 JPY/Tsubo in 1995 and a record low of 10,742.000 JPY/Tsubo in 2014. Japan Average Rent: Annual: Exisitng Building: Nagoya data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

Graph and download economic data for Rental Vacancy Rate for Virginia (VARVAC) from 1986 to 2024 about vacancy, rent, VA, rate, and USA.

Rents in Germany continued to increase in all seven major cities in 2024. The average rent per square meter in Munich was approximately 19.8 euros — the highest in the country. Conversely, Düsseldorf had the most affordable rent, at approximately 13.1 euros per square meter. But how does renting compare to buying? According to the house price to rent ratio, house prices in Germany have risen faster than rents, making renting more affordable than buying. Affordability of housing in Germany In 2023, Germany was among the European countries with a relatively high house price to income ratio in Europe. The indicator compares the affordability of housing across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. Between 2012 and 2022, property prices in the country rose much faster than income, with the house price to income index peaking at 138 index points at the beginning of 2022. Slower house price growth in the following years has led to the index declining, as incomes catch up. Nevertheless, homebuyers in 2024 faced significantly higher mortgage interest rates, contributing to a higher final cost. How much does buying a property in Germany cost? Just as with renting, Munich was the most expensive city for newly built apartments. In 2024, the cost per square meter in Munich was almost 2,800 euros pricier than in the runner-up city, Frankfurt. Detached and semi-detached houses are usually more expensive. The price gap between Munich and the second most expensive city, Stuttgart, was nearly 4,000 euros per square meter.

The median rent for one- and two-bedroom apartments in Boston, Massachusetts, amounted to about 2,302 U.S. dollars by the end of 2023. Rents decreased slightly after the beginning of the coronavirus pandemic,this trend reversed in 2021 and as of December 2023, the annual rental growth stood at 3.32 percent. Among the different states in the U.S., Massachusetts ranks as one of the most expensive rental markets.

Graph and download economic data for Employment for Real Estate and Rental and Leasing: Rental and Leasing Services (NAICS 532) in the United States (IPULN532W010000000) from 1987 to 2023 about leases, rent, NAICS, real estate, services, employment, and USA.

Graph and download economic data for Hours Worked for Real Estate and Rental and Leasing: General Rental Centers (NAICS 532310) in the United States (IPULN532310L200000000) from 1987 to 2023 about general, leases, rent, NAICS, real estate, hours, and USA.

Japan Average Rent: Tokyo: Shibuya-ku data was reported at 22,117.000 JPY/Tsubo in Oct 2018. This records an increase from the previous number of 21,939.000 JPY/Tsubo for Sep 2018. Japan Average Rent: Tokyo: Shibuya-ku data is updated monthly, averaging 19,415.500 JPY/Tsubo from Dec 1990 (Median) to Oct 2018, with 214 observations. The data reached an all-time high of 36,881.000 JPY/Tsubo in Dec 1990 and a record low of 16,904.000 JPY/Tsubo in May 2013. Japan Average Rent: Tokyo: Shibuya-ku data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

Graph and download economic data for Rental Vacancy Rate for New York (NYRVAC) from 1986 to 2024 about vacancy, rent, NY, rate, and USA.