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.

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 Rental Report time series dataset provides detailed time-series statistics for some key Rental Report data from the June quarter of 1999 to the December quarter of 2017. This specific dataset presents the median rental costs of 2 bedroom houses by the 2016 Local Government Areas geographic level. The rent figures included in the Rental Report are weekly median rents. Median rents represent the midpoint in the distribution of all rents. Fifty per cent of rents are higher than the median and fifty per cent are below the median. The Rental Report provides the most accurate information on the private rental market in Victoria. The data come from records kept by the Residential Tenancies Bond Authority (RTBA). The RTBA is responsible for receiving, registering and refunding all bonds associated with private residential leases in Victoria. For more information please visit the Department of Health and Human Services.

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.

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.

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.

Residential real estate rents in France declined slightly in 2023. Bedrooms for rent and houses made an exception, with the average rent for a bedroom rising to 453 euros per month, and the average rent for a house rising to 1,044 euros per month. A two-room apartment in 2023 cost on average 555 euros, down from 725 euros in 2022.

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.

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 ...).

The average agreed rent for new tenancies in the UK ranged from *** British pounds to ***** British pounds, depending on the region. On average, renters outside of London paid ***** British pounds, whereas in London, this figure amounted to ***** British pounds. Rents have been on the rise for many years, but the period after the COVID-19 pandemic accelerated this trend. Since 2015, the average rent in the UK increased by about ** percent, with about half of that gain achieved in the period after the pandemic. Why have UK rents increased so much? One of the main reasons driving up rental prices is the declining affordability of homeownership. Historically, house prices grew faster than rents, making renting more financially feasible than buying. In 2022, when the house price to rent ratio index peaked, house prices had outgrown rents by nearly ** percent since 2015. As house prices peaked in 2022, home buying slowed, exacerbating demand for rental properties and leading to soaring rental prices. How expensive is too expensive? Although there is no official requirement about the proportion of income spent on rent for it to be considered affordable, a popular rule is that rent should not exceed more than ** percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of ** percent of their income on rent. Rental affordability has sparked a move away from the capital to other regions in the UK, such as the South East (Brighton and Southampton), the West Midlands (Birmingham) and the North West (Liverpool, Manchester, Blackpool and Preston).

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 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.

Brazil FipeZap House Asking Price Index: Rental Yield: 2 Bedrooms data was reported at 0.391 % in Jun 2019. This records an increase from the previous number of 0.390 % for May 2019. Brazil FipeZap House Asking Price Index: Rental Yield: 2 Bedrooms data is updated monthly, averaging 0.428 % from Jan 2008 (Median) to Jun 2019, with 138 observations. The data reached an all-time high of 0.686 % in May 2008 and a record low of 0.363 % in Nov 2017. Brazil FipeZap House Asking Price Index: Rental Yield: 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.EK015: Real Estate: FipeZap House Asking Price Index: Rent: Rental Yield.

2025 HUD Fair Market Rents (FMR) for Section 8 Housing Choice Voucher Program in Illinois. Includes rent limits by city and county for studio through 4-bedroom units.

The data was scraped from the Magicbricks website. The following are the details of the dataset:

• Title: The title of the property listing.
• Price: The monthly rent of the property.
• Area: The total area of the property in square feet.
• BHK: The number of bedrooms in the property.
• Bathrooms: The number of bathrooms on the property.
• Furnished: Whether the property is furnished or not.
• Balconies: The number of balconies in the property.
• Floor: The floor number of the property.
• Ownership: The type of ownership of the property (i.e., freehold, leasehold, etc.).
• Facing: The direction the property faces.
• Amenities: The amenities that are available in the property or the surrounding area.
• Transaction Type: Whether the property is for sale or rent.
• Property Type: The type of property (i.e., apartment, house, villa, etc.).
• Location: The location of the property.
• Year of Construction: The year the property was built.
• Is Luxury: Whether the property is considered to be a luxury property.
• Description: A brief description of the property.
• Property Image: A link to the property image.

Key points in the dataset are :

1) This dataset can be used to gain insights into the rental market in Mumbai. For example, you could use the data to analyze the average rent for different types of properties, the most popular neighborhoods for renters, or the factors that affect the price of rent. You could also use the data to identify trends in the rental market, such as the increasing popularity of furnished apartments or the rising prices of luxury properties.

2) The dataset could also be used by real estate agents to help their clients find rental properties that meet their needs and budget. Additionally, the data could be used by developers to make informed decisions about the types of properties to build in Mumbai.

3) Overall, this dataset is a valuable resource for anyone who is interested in the rental market in Mumbai. It can be used to gain insights into the market, identify trends, and make informed decisions.

(Disclaimer: The data in this dataset has been gathered from publicly available sources. While the data is believed to be reliable and all privacy policies have been observed, No personal information such as email addresses, mobile numbers, or physical addresses hasn't been collected. I scrape data from the website Magicbricks to study the real estate market of Mumbai. ) Thank you !!!

2025 HUD Fair Market Rents (FMR) for Section 8 Housing Choice Voucher Program in North Carolina. Includes rent limits by city and county for studio through 4-bedroom units.

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.

In 2025, the average Fair Market Rent for a two-bedroom rental home in the United States was 1,749 U.S. dollars per month, while that of a one-bedroom rental home was 1,465 U.S. dollars per month. This rent level was unaffordable for the average household with one full-time worker earning the federal minimum wage in that year.

2025 HUD Fair Market Rents (FMR) for Section 8 Housing Choice Voucher Program in Ohio. Includes rent limits by city and county for studio through 4-bedroom units.

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Description:

A simple yet challenging project, to predict the housing price based on certain factors like house area, bedrooms, furnished, nearness to mainroad, etc. The dataset is small yet, it's complexity arises due to the fact that it has strong multicollinearity. Can you overcome these obstacles & build a decent predictive model?

Acknowledgement:

Harrison, D. and Rubinfeld, D.L. (1978) Hedonic prices and the demand for clean air. J. Environ. Economics and Management 5, 81–102. Belsley D.A., Kuh, E. and Welsch, R.E. (1980) Regression Diagnostics. Identifying Influential Data and Sources of Collinearity. New York: Wiley.

Objective:

• Understand the Dataset & cleanup (if required).
• Build Regression models to predict the sales w.r.t a single & multiple feature.
• Also evaluate the models & compare thier respective scores like R2, RMSE, etc.