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 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 (CUSR0000SEHA) from Jan 1981 to Aug 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

In District of Columbia, the average rent per square foot was **** U.S. dollars in 2018, whereas renters in Oregon were expected to pay half as much in rent per square foot. DC was the most expensive state for renters, followed by New York, Hawaii, Massachusetts and California. Why is DC so expensive? District of Columbia is the center of the U.S. political system with all three branches of federal government sitting there: Congress (legislative), President (executive) and the Supreme Court (judicial). The above average household incomes of its residents mean that high rents are still sustainable for the rental market. Limited space in DC DC has the largest share of apartment dwellers in the country. This is most likely due to limited space, as the federal district has a much higher population density than the states. The political importance of DC and the high population density suggest that the federal district is likely to retain its spot as the most expensive rental market in the future.

Rent Inflation in the United States decreased to 3.60 percent in August from 3.70 percent in July of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

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.

The average monthly rent in California for a two-bedroom apartment was ***** U.S. dollars in 2025, while a one-bedroom unit cost ******U.S. dollars. Only renters who earn the area median income (AMI) can afford two-bedroom housing in California. Rent affordable to renters with full-time jobs at mean renter wage, or 30 percent area median income, was lower than the fair market rent of a two-bedroom and one-bedroom apartment in California, making this housing in this state not affordable for them. The rent in California ranked highest among all other states in the United States for a two bedroom apartment in 2025.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average (CUUR0000SEHC01) from Dec 1982 to Aug 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 715 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 550 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 121 U.S. dollars. Some other affordable states for low-income families were Arkansas, Alabama, Oklahoma, and Ohio, all costing less than 320 U.S. dollars.

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

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average (CUSR0000SAS2RS) from Jan 1990 to Aug 2025 about shelter, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average was 437.46200 Index 1982-84=100 in August of 2025, 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 437.46200 in August of 2025 and a record low of 84.70000 in January of 1981. 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.

High-end, or luxury apartments, are usually larger, situated in desirable locations, and provide various amenities, such as sporting facilities, recreational areas, and in-building services. In Fresno, California, which was one of the 30 best large cities for renting a luxury apartment according to the source, the average monthly rent of a high-end apartment was 1,588 U.S. dollars as of February 2021.

Single-family houses and apartments in large residential buildings with five or more units were the most popular structure type for American renters in 2023. About 39 percent of the population who lived in rental accommodation occupied an apartment in a multifamily building. The share of households renting such apartments was even higher, at about 47 percent. In 2023, the average asking rent for an unfurnished apartment in the U.S. declined slightly, after surging for three years in a row.

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

Explore Dallas, TX rental market 2025. The average long-term prices $1,734 and short-term $2,272, with trends shaping housing in a city of 1,299,553 residents.

Explore Detroit, MI rental market 2025. The average long-term prices $1,349 and short-term $1,834, with trends shaping housing in a city of 636,644 residents.

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