As of January 2025, the rent for a two-bedroom apartment in Hawaii was about *** U.S. dollars higher than in California. The states of Hawaii and California ranked as the most expensive within the United States for apartment renters. Conversely, an apartment in Arkansas was almost ***** times more affordable than one in Hawaii.In 2025, the average monthly rent in the U.S. declined slightly. Nevertheless, in rents increased in most states, with West Virginia registering the highest growth.

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.

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.

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

Price to Rent Ratio in the United States increased to 134.20 in the fourth quarter of 2024 from 133.60 in the third quarter of 2024. This dataset includes a chart with historical data for the United States Price to Rent Ratio.

Rent Inflation in the United States remained unchanged at 3.60 percent in September. This dataset includes a chart with historical data for the United States Rent Inflation.

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.

View quarterly updates and historical trends for US Median Asking Rent. from United States. Source: Census Bureau. Track economic data with YCharts analyt…

The monthly median asking rent for unfurnished apartments in the United States in the first quarter of 2025 amounted to ***** U.S. dollars. This was an increase of about *** U.S. dollars in just five years. In 2020, the median rent stood at ***** U.S. dollars. The U.S. rental market As rental apartment vacancy rates fall, rents are on the rise. This makes it more difficult for Americans to, first, find an apartment to rent, and second, find an apartment which they can afford. Nevertheless, renting has become much more common in recent years, with the number of renter households having substantially increased in the past two decades. In 2025, there were approximately **** million renter households in the U.S. Rents in different states Of course, rents vary from state to state. The most expensive rents are found in Hawaii, California, District of Colombia, New Jersey, and Florida. Following the COVID-19 pandemic, growth was the strongest in the Sun Belt states, and especially in states with lower costs of living, such as Texas. In Austin, TX, the average rent soared by nearly ** percent in 2021, and remained elevated, despite a slight decline in 2023.

United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average was 424.46700 Index 1982-84=100 in July of 2024, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average reached a record high of 424.46700 in July of 2024 and a record low of 103.70000 in January of 1984. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average - last updated from the United States Federal Reserve on October of 2025.

Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q2 2025 about vacancy, rent, rate, and USA.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average (CUSR0000SEHC01) from Jan 1983 to Sep 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

In 2023, Alaska reported the highest rent for public housing among all the states in the United States. The average monthly rent in Alaska amounted to *** U.S. dollars for government-subsidized housing. California, New York, and Hawaii were some of the states with the highest average rent, with rental costs above *** U.S. dollars. On the other hand, Puerto Rico offered the most affordable public housing with the lowest rent among all states, coming in at just *** U.S. dollars. Some other affordable states for low-income families were Arkansas, Alabama, Oklahoma, and Ohio, all costing less than *** U.S. dollars.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in U.S. City Average (CUUR0000SASL2RS) from Dec 1982 to Sep 2025 about shelter, rent, urban, consumer, CPI, services, inflation, price index, indexes, price, and USA.

United States - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in U.S. City Average was 423.95500 Index Dec 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in U.S. City Average reached a record high of 423.95500 in March of 2025 and a record low of 100.00000 in December of 1982. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in U.S. City Average - last updated from the United States Federal Reserve on October of 2025.

View quarterly updates and historical trends for US Rental Vacancy Rate. from United States. Source: Census Bureau. Track economic data with YCharts analy…

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

This statistic shows the average monthly cost of owning and renting in the United States in 2018, by state. In Hawaii, the average monthly cost of a home mortgage was ***** U.S. dollars and the average monthly rent was ***** U.S. dollars.

Rents in the United States declined year-on-year for the first time in June 2023, after surging for two years in a row. In November 2021, rents soared by over 18 percent annually — the highest increase on record, and in August 2022, the average rental price reached an all-time high of over 1,440 U.S. dollars. Rental growth has since mellowed, with January 2025 recording a decline of about 0.5 percent from the same period one year ago. Despite the softening of the market, many states still experienced rising rents.

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