Residential rents in urban areas in the United States have grown faster than the general basket of products and services of the urban population. In December 2023, the consumer price index (CPI) for rent of primary residences reached almost 411 index points, more than 100 index points more than the CPI for all items. The CPI measures the development of prices, with 1984 chosen as a base year. An index value of 400 indicates that rents have quadrupled since 1984.

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 Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUUR0000SEHA) from Dec 1914 to Feb 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Korea (DC) Apartment Rental Index data was reported at 179.600 Dec1997=100 in Nov 2002. This records a decrease from the previous number of 180.400 Dec1997=100 for Oct 2002. Korea (DC) Apartment Rental Index data is updated monthly, averaging 124.650 Dec1997=100 from Dec 1997 (Median) to Nov 2002, with 60 observations. The data reached an all-time high of 180.400 Dec1997=100 in Oct 2002 and a record low of 72.310 Dec1997=100 in Jul 1998. Korea (DC) Apartment Rental Index data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s South Korea – Table KR.EB076: Apartment Price & Rental Index (Discontinued).

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Euro Area (19 Countries) (CP0410EZ19M086NEST) from Dec 1999 to Feb 2025 about harmonized, rent, Euro Area, Europe, CPI, housing, price index, indexes, and price.

Switzerland Real Estate Price Index: Central Swiss: Rental Apartment data was reported at 545.258 1970=100 in 2016. This records a decrease from the previous number of 555.744 1970=100 for 2015. Switzerland Real Estate Price Index: Central Swiss: Rental Apartment data is updated yearly, averaging 367.689 1970=100 from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 563.858 1970=100 in 2014 and a record low of 100.000 1970=100 in 1970. Switzerland Real Estate Price Index: Central Swiss: Rental Apartment data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.EB002: Real Estate Price Index: By Region: Residential: Annual. Rebased from 1970=100 to 2000=100 Replacement series ID: 388330597

VITAL SIGNS INDICATOR List Rents (EC9)

FULL MEASURE NAME List Rents

LAST UPDATED October 2016

DESCRIPTION List rent refers to the advertised rents for available rental housing and serves as a measure of housing costs for new households moving into a neighborhood, city, county or region.

DATA SOURCE real Answers (1994 – 2015) no link

Zillow Metro Median Listing Price All Homes (2010-2016) http://www.zillow.com/research/data/

CONTACT INFORMATION vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator) List rents data reflects median rent prices advertised for available apartments rather than median rent payments; more information is available in the indicator definition above. Regional and local geographies rely on data collected by real Answers, a research organization and database publisher specializing in the multifamily housing market. real Answers focuses on collecting longitudinal data for individual rental properties through quarterly surveys. For the Bay Area, their database is comprised of properties with 40 to 3,000+ housing units. Median list prices most likely have an upward bias due to the exclusion of smaller properties. The bias may be most extreme in geographies where large rental properties represent a small portion of the overall rental market. A map of the individual properties surveyed is included in the Local Focus section.

Individual properties surveyed provided lower- and upper-bound ranges for the various types of housing available (studio, 1 bedroom, 2 bedroom, etc.). Median lower- and upper-bound prices are determined across all housing types for the regional and county geographies. The median list price represented in Vital Signs is the average of the median lower- and upper-bound prices for the region and counties. Median upper-bound prices are determined across all housing types for the city geographies. The median list price represented in Vital Signs is the median upper-bound price for cities. For simplicity, only the mean list rent is displayed for the individual properties. The metro areas geography rely upon Zillow data, which is the median price for rentals listed through www.zillow.com during the month. Like the real Answers data, Zillow's median list prices most likely have an upward bias since small properties are underrepresented in Zillow's listings. The metro area data for the Bay Area cannot be compared to the regional Bay Area data. Due to afore mentioned data limitations, this data is suitable for analyzing the change in list rents over time but not necessarily comparisons of absolute list rents. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Due to the limited number of rental properties surveyed, city-level data is unavailable for Atherton, Belvedere, Brisbane, Calistoga, Clayton, Cloverdale, Cotati, Fairfax, Half Moon Bay, Healdsburg, Hillsborough, Los Altos Hills, Monte Sereno, Moranga, Oakley, Orinda, Portola Valley, Rio Vista, Ross, San Anselmo, San Carlos, Saratoga, Sebastopol, Windsor, Woodside, and Yountville.

Inflation-adjusted data are presented to illustrate how rents have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself. Percent change in inflation-adjusted median is calculated with respect to the median price from the fourth quarter or December of the base year.

The house price to rent ratio index in the U.S. declined since the second half of 2022, indicating that house price growth slowed down compared to rental growth. That was the first decrease after a long period of a steady increase. House prices increased dramatically since the coronavirus pandemic. Meanwhile, rents have grown notably, but at a slower rate.What does the house price to rent ratio index measure?The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. Compared to the OECD countries average, the gap between house prices and rents in the United States was wider. The house price to rent ratio in different countries The house price to rent ratio in the United Kingdom continued to increase in the second half of 2022, but growth softened, as the housing market cooled. On the other hand, the index in Germany fell drastically between the second quarter of 2022 and the second quarter of 2023. A similar trend was observed in France.

A list of job applications filed for a particular day and associated data. Prior weekly and monthly reports are archived at DOB and are not available on NYC Open Data.

Switzerland Real Estate Price Index: Bern: Rental Apartment data was reported at 389.936 1970=100 in 2016. This records an increase from the previous number of 389.903 1970=100 for 2015. Switzerland Real Estate Price Index: Bern: Rental Apartment data is updated yearly, averaging 297.220 1970=100 from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 443.887 1970=100 in 1992 and a record low of 100.000 1970=100 in 1970. Switzerland Real Estate Price Index: Bern: Rental Apartment data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.EB002: Real Estate Price Index: By Region: Residential: Annual. Rebased from 1970=100 to 2000=100 Replacement series ID: 388330617

Switzerland Real Estate Price Index: Bern: Rental Apartment: Old Building data was reported at 394.272 1970=100 in 2016. This records a decrease from the previous number of 394.663 1970=100 for 2015. Switzerland Real Estate Price Index: Bern: Rental Apartment: Old Building data is updated yearly, averaging 300.247 1970=100 from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 427.109 1970=100 in 1992 and a record low of 100.000 1970=100 in 1970. Switzerland Real Estate Price Index: Bern: Rental Apartment: Old Building data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.EB002: Real Estate Price Index: By Region: Residential: Annual.

The housing rent price index in Finland gradually increased over the period from 2015 to 2023. The housing rent price index reached 110.6 points as of 2023. The base year for the price index is 2015.

Switzerland Real Estate Price Index: Lake Geneva: Rental Apartment: Old Building data was reported at 517.889 1970=100 in 2016. This records a decrease from the previous number of 549.421 1970=100 for 2015. Switzerland Real Estate Price Index: Lake Geneva: Rental Apartment: Old Building data is updated yearly, averaging 273.254 1970=100 from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 551.489 1970=100 in 2014 and a record low of 100.000 1970=100 in 1970. Switzerland Real Estate Price Index: Lake Geneva: Rental Apartment: Old Building data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.EB002: Real Estate Price Index: By Region: Residential: Annual.

An experimental price index tracking the prices paid for renting property from private landlords in the United Kingdom

The rental price index measures the development of apartment and house rents in Greater Santiago, Chile, since 2007. As of the third quarter of 2022, the rental index for apartments amounted to 1.44 index points which means that rents had increased by 44 percent since 2007. In comparison, rental index for houses was 1.73, meaning that house rents had risen by 73 percent.

United States - Consumer Price Index for All Urban Consumers: Housing in U.S. City Average was 342.32000 Index 1982-84=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Housing in U.S. City Average reached a record high of 342.32000 in February of 2025 and a record low of 30.50000 in February of 1967. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Housing in U.S. City Average - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Spain (CP0410ESM086NEST) from Jan 1996 to Feb 2025 about Spain, harmonized, rent, CPI, housing, price index, indexes, and price.

Graph and download economic data for Real Residential Property Prices for United States (QUSR628BIS) from Q1 1970 to Q3 2024 about residential, HPI, housing, real, price index, indexes, price, and USA.

Jordan Consumer Price Index (CPI): Housing: Rents data was reported at 115.150 2018=100 in 2024. This records an increase from the previous number of 110.902 2018=100 for 2023. Jordan Consumer Price Index (CPI): Housing: Rents data is updated yearly, averaging 92.596 2018=100 from Dec 2006 (Median) to 2024, with 19 observations. The data reached an all-time high of 115.150 2018=100 in 2024 and a record low of 66.851 2018=100 in 2006. Jordan Consumer Price Index (CPI): Housing: Rents data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Jordan – Table JO.I002: Consumer Price Index: 2018=100: Annual.

Housing Index in Sweden decreased to 942 points in the fourth quarter of 2024 from 943 points in the third quarter of 2024. This dataset provides - Sweden House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.