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 April 2025, the monthly rent for a two-bedroom apartment amounting 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, 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 April 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.
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.
The average rent for a one-bedroom apartment in Tokyo, Japan, was approximately ***** U.S. dollars per month. In comparison, the average monthly rent for a one-bedroom apartment in Shanghai, China, was approximately *** U.S. dollars.
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 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.
Apartment rents in two states and the District of Columbia in the U.S. exceeded ***** U.S. dollars in April 2025. In Hawaii, the median rent was about ***** U.S. dollars, nearly *** U.S. dollars higher than the national average. At the other end of the spectrum was Nebraska, where renters paid about ***** U.S. dollars for the median new lease. Overall, most states saw rental rates increase year-on-year.
Displacement risk indicator classifying census tracts according to apartment rent prices in census tracts. We classify apartment rent along two dimensions:The median rents within the census tract for the specified year, balancing between nominal rental price and rental price per square foot.The change in median rent price (again balanced between nominal rent price and price per square foot) from the previous year.Note: Median rent calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.Source: Data from CoStar Group, www.costar.com, prepared by City of Seattle, Office of Planning and Community Development
Provides an annual value for the median rent charged for market rate rental apartments. All values are shown in both nominal and inflation adjusted (real) dollars, using the consumer price index to the adjust all values to most current month in the series to allow comparisons using current dollars.
Description: This data provides a range of statistics on residential rental prices. Data is available on average rental prices (€ per month) for property types by bedroom size – all bedrooms and then 1 to 4 bedrooms.The RTB Rent Index is the most accurate and authoritative report of its kind on the private rental sector in Ireland. The index is based on the RTB’s national register of tenancies and captures actual rents being paid for rented properties, rather than asking prices. The RTB Average Rent Dataset reports on the average rent in a number of locations around the country. The dashboards provide an annual view of transactions from 2008 to 2022.Geography available in RDM: State, Regional Assembly and Strategic Planning Area (SPA), County (26), Key Settlements.Source: Residential Tenancies Board (RTB)Weblink: https://data.cso.ie/table/RIQ02Date of last source data update: August 2023Update Schedule: Annual
Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished one-bedroom unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.
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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 May 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.
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Israel Rental Prices: Avg: Rishon Lezion data was reported at 4,943.400 ILS in Dec 2024. This records an increase from the previous number of 4,889.000 ILS for Sep 2024. Israel Rental Prices: Avg: Rishon Lezion data is updated quarterly, averaging 4,204.950 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 4,943.400 ILS in Dec 2024 and a record low of 3,832.571 ILS in Mar 2017. Israel Rental Prices: Avg: Rishon Lezion data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.
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Israel Rental Prices: Avg: Ramat Gan data was reported at 5,574.100 ILS in Dec 2024. This records an increase from the previous number of 5,518.900 ILS for Sep 2024. Israel Rental Prices: Avg: Ramat Gan data is updated quarterly, averaging 4,647.550 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 5,574.100 ILS in Dec 2024 and a record low of 4,206.662 ILS in Mar 2017. Israel Rental Prices: Avg: Ramat Gan data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.
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Israel Rental Prices: Avg: Netanya data was reported at 4,473.800 ILS in Dec 2024. This records an increase from the previous number of 4,413.600 ILS for Sep 2024. Israel Rental Prices: Avg: Netanya data is updated quarterly, averaging 3,726.550 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 4,473.800 ILS in Dec 2024 and a record low of 3,397.830 ILS in Mar 2017. Israel Rental Prices: Avg: Netanya data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.
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Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q1 2025 about vacancy, rent, rate, and USA.
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Rent Inflation in the United States decreased to 3.80 percent in June from 3.90 percent in May of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.
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.
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Israel Rental Prices: Avg: Jerusalem data was reported at 5,064.600 ILS in Dec 2024. This records an increase from the previous number of 5,037.000 ILS for Sep 2024. Israel Rental Prices: Avg: Jerusalem data is updated quarterly, averaging 4,347.900 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 5,064.600 ILS in Dec 2024 and a record low of 4,048.865 ILS in Mar 2017. Israel Rental Prices: Avg: Jerusalem data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.
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Residential rental rates by municipality, year, and type of unit (bachelor suites, one-bedroom, two-bedroom and three-bedroom units) in non-subsidized rental buildings that have three or more rental units.
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Israel Rental Prices: Avg: Beer Sheva data was reported at 2,990.400 ILS in Dec 2024. This records an increase from the previous number of 2,960.300 ILS for Sep 2024. Israel Rental Prices: Avg: Beer Sheva data is updated quarterly, averaging 2,653.900 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 2,990.400 ILS in Dec 2024 and a record low of 2,442.200 ILS in Sep 2017. Israel Rental Prices: Avg: Beer Sheva data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.
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 April 2025, the monthly rent for a two-bedroom apartment amounting 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, 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 April 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.