In California, the estimated fair market rent for a two-bedroom accommodation amounted to ******U.S. dollars in 2025. It was one of the least affordable states in terms of housing that year, as someone would need to earn at least twice the minimum wage to afford a two-bedroom rental unit there.

The median monthly rent for all apartment types in the U.S. has stabilized since 2022, despite some seasonal fluctuations. In August 2025, the monthly rent for a two-bedroom apartment amounted to ***** U.S. dollars. That was an increase from ***** U.S. dollars in January 2021, but a decline from the peak value of ***** 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 ** U.S. dollars. This 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 2025, 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 August 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.

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 ***** U.S. dollars, up from ***** U.S. dollars in December 2020 before rents started to rise. Nevertheless, not all cities saw rents rise at the same pace.

Average asking rent price in select Census Metropolitan Areas by rental unit type. The breakdown by number of bedrooms is provided only for apartments. The results are based on an experimental approach, meaning they are derived from recent methodologies and may be subject to revisions. Quarterly data are available starting from the first quarter of 2019.

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.

Virginia (VA) has the 19th highest rent in the country out of 56 states and territories. The Fair Market Rent in Virginia ranges from $701 for a 2-bedroom apartment in Grayson County, VA to $1,765 for a 2-bedroom unit in Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area.

For FY 2024, the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area (Arlington County) rent for a studio or efficiency is $1,772 per month and $3,015 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in Virginia is $1,056 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in Virginia is around 2,038,847 people. So, there are around 305,827 people in Virginia who could be receiving housing benefits from the HUD. For FY 2025, the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area (Arlington County) rent for a studio or efficiency is $2,012 per month and $3,413 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in Virginia is $1,059 per month.

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

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 Sep 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

In 2024, New York, NY, was the most expensive rental market for one-bedroom apartments in the United States. The median monthly rental rate of an apartment in New York was ***** U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average ***** U.S. dollars.

This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

BR: FipeZap: House Asking Price Index: Rent: Rio de Janeiro: 2 Bedrooms data was reported at 217.007 2010=100 in Mar 2025. This records an increase from the previous number of 213.582 2010=100 for Feb 2025. BR: FipeZap: House Asking Price Index: Rent: Rio de Janeiro: 2 Bedrooms data is updated monthly, averaging 140.129 2010=100 from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 217.007 2010=100 in Mar 2025 and a record low of 65.113 2010=100 in Jun 2008. BR: FipeZap: House Asking Price Index: Rent: Rio de Janeiro: 2 Bedrooms data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Global Database’s Brazil – Table BR.RKB005: Real Estate: FipeZap House Asking Price Index: Rent. The FipeZap Index uses announcements of sale or rental of apartments ready registered in many websites as data sources.

In the second quarter of 2024, Dublin 2 stood out with the highest average residential rent for a two-bedroom apartment in Dublin. The mean rental costs in Dublin 2 were ***** euros a month. Dublin 4 took the second spot with a rent of ***** euros per month. Other regions in Dublin in the top five were Dublin 1, Dublin 6, and South Co Dublin, boasting average rents ranging from ***** to ***** euros. Conversely, West Dublin emerged as the most affordable area, boasting an average monthly rent of ***** euros. Furthermore, Dublin 24, Dublin 22, North Co Dublin, and Dublin 15 joined the ranks of the top five most cost-effective districts in Dublin, with average rental charges ranging from ***** to ***** euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

Belarus Average Apartment Price Index: per 1 Square Metre: Secondary Sale: 2 Rooms data was reported at 117.300 Prev Year=100 in 2024. This records a decrease from the previous number of 119.100 Prev Year=100 for 2023. Belarus Average Apartment Price Index: per 1 Square Metre: Secondary Sale: 2 Rooms data is updated yearly, averaging 115.900 Prev Year=100 from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 158.000 Prev Year=100 in 2012 and a record low of 94.200 Prev Year=100 in 2017. Belarus Average Apartment Price Index: per 1 Square Metre: Secondary Sale: 2 Rooms data remains active status in CEIC and is reported by National Statistical Committee of the Republic of Belarus. The data is categorized under Global Database’s Belarus – Table BY.EB007: Average Apartment Price Index.

Data about the average market rent for one and two bedroom apartments in San Mateo County. This dataset includes apartment vacancy rates and the US Housing and Urban Development Department's fair market rent for each quarter.

In 2025, households in California needed an hourly wage of over 50 U.S. dollars to afford the rent of a two-bedroom apartment. Hawaii had the second-least affordable two-bedroom apartments, as a household would have to earn at least around 49 U.S. dollars per hour in order to afford rent payments. These figures are considerably higher than the average minimum wage in place in many states. There was no state in which a minimum wageworker could afford rent for the average two-bedroom apartment, if they worked 40 hours a week. Where are the least affordable counties and metros? The least affordable rents were predominately in Californian counties and metropolitan areas in 2025. District of Columbia has the highest minimum wages in the country, which stood at 17.5 U.S. dollars per hour as of January 2025. Thus, the affordability of two-bedroom apartments highlights how disproportionately high housing costs are in the state.

Data about the average market rent for one and two bedroom apartments in San Mateo County. This dataset includes apartment vacancy rates and the US Housing and Urban Development Department's fair market rent for each quarter.

Splitgraph serves as an HTTP API that lets you run SQL queries directly on this data to power Web applications. For example:

See the Splitgraph documentation for more information.

RealFacts Report, Market Overview, 2Q2014, 8/25/2014. Includes average asking rent and average occupancy.Average asking rent is average for all (studio, 1 bedroom/1 bathroom, 2 bedroom/1 bathroom, etc.).

FipeZap: House Asking Price Index: Rent: Average Price: Pará: Belém: 2 Bedrooms data was reported at 47.753 BRL/sq m in Jul 2024. This records an increase from the previous number of 46.363 BRL/sq m for Jun 2024. FipeZap: House Asking Price Index: Rent: Average Price: Pará: Belém: 2 Bedrooms data is updated monthly, averaging 39.933 BRL/sq m from Jan 2022 (Median) to Jul 2024, with 31 observations. The data reached an all-time high of 48.475 BRL/sq m in Feb 2024 and a record low of 27.142 BRL/sq m in Jan 2022. FipeZap: House Asking Price Index: Rent: Average Price: Pará: Belém: 2 Bedrooms data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Brazil Premium Database’s Real Estate Sector – Table BR.RKB008: Real Estate: FipeZap House Asking Price Index: Rent: Average Price.

Brazil FipeZap House Asking Price Index: Rent: Average Price: 2 Bedrooms data was reported at 26.803 BRL/sq m in Jun 2019. This records an increase from the previous number of 26.737 BRL/sq m for May 2019. Brazil FipeZap House Asking Price Index: Rent: Average Price: 2 Bedrooms data is updated monthly, averaging 25.549 BRL/sq m from Jan 2008 (Median) to Jun 2019, with 138 observations. The data reached an all-time high of 27.689 BRL/sq m in Apr 2015 and a record low of 12.733 BRL/sq m in Jan 2008. Brazil FipeZap House Asking Price Index: Rent: Average Price: 2 Bedrooms data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EK014: Real Estate: FipeZap House Asking Price Index: Rent: Average Price.

Latvia Average Apartment Price: Riga: 2 Rooms data was reported at 861.000 EUR/sq m in Jan 2025. This records an increase from the previous number of 858.000 EUR/sq m for Dec 2024. Latvia Average Apartment Price: Riga: 2 Rooms data is updated monthly, averaging 776.500 EUR/sq m from Dec 2007 (Median) to Jan 2025, with 206 observations. The data reached an all-time high of 1,450.000 EUR/sq m in Dec 2007 and a record low of 485.000 EUR/sq m in Sep 2009. Latvia Average Apartment Price: Riga: 2 Rooms data remains active status in CEIC and is reported by Arco Real Estate. The data is categorized under Global Database’s Latvia – Table LV.EB004: Average Apartment Price: Riga. [COVID-19-IMPACT]