This statistic shows the average size of newly built two-bedroom apartments in the United States from 2008 to 2018. Two-bedroom apartments built in 2018 were, on average, 1,138 square feet, slightly up from 1,132 square feet in 2008.

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 2,200 U.S. dollars, up from 1,849 U.S. dollars in December 2020 before rents started to rise. Nevertheless, not all cities saw rents rise at the same pace.

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 January 2025, the monthly rent for a two-bedroom apartment amounting to 1,356 U.S. dollars. That was an increase from 1,136 U.S. dollars in January 2021 but a decline from the peak value of 1,427 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 42 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 January 2025. In West Virginia, the annual rental growth was the highest, at seven percent.

The average price of a new three-bedroom apartment in Buenos Aires, Argentina, was 2957.37 U.S. dollars per square meter in the third quarter of 2024. The price for large new apartments peaked in 2017, when it reached almost 3,400 U.S. dollars per square meter. According to the source, the two- and three-bedroom apartments cover almost two-thirds of the market.

The monthly rent for two-bedroom apartments in San Francisco and Bay Area has fluctuated since 2015. In 2023, the median monthly rent for a two-bedroom apartment in San Francisco was 3,795 U.S. dollars, down from 3,970 U.S. dollars in 2021.

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.

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.

Depending on the location, the average price for a two-bedroom apartment in Mexico City could exceed 300,000 U.S. dollars in 2024. In Miguel Hidalgo, the most expensive borough to buy an apartment in Mexico City, the average apartment price was nearly 439,000 U.S. dollars for a two-bedroom apartment, while a three-bedroom apartment cost over 918,000 U.S. dollars. Among the boroughs ranked in the statistic, Coyoacán had the most affordable prices for a one-bedroom apartment, averaging 121,000 U.S. dollars. Overall, Mexico City has the highest average house price per square meter in Mexico.

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 Municipality of West Vancouver the most expensive area to rent a two-bedroom apartment in Metro Vancouver, Canada in 2023, with a median rent of 3,250 Canadian dollars. In comparison, the average for the metro stood at 2,000 Canadian dollars. Maple Ridge/Pitt Meadows, Surrey, and White Rock, on the other hand, were some of the most affordable areas. In Canada, Vancouver is the most expensive city for rental properties.The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

The average price of a two-room apartment in the Bucharest Mall Vitan area, a very popular neighborhood of the Romanian capital, peaked in 2008 at approximately 120 thousand euros. By 2019, the average price of an apartment in that area dropped to 77 thousand euros.

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 2,470 euros a month. Dublin 4 took the second spot with a rent of 2,345 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 2,097 to 2,217 euros. Conversely, West Dublin emerged as the most affordable area, boasting an average monthly rent of 1,734 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 1,739 to 1,787 euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

Thumbnail image by Tony Moody.This dataset includes all housing developments approved by the City of Boise’s (“city”) Planning Division since 2020 that are known by the city to have received or are expected to receive support or incentives from a government entity. Each row represents one development. Data may be unavailable for some projects and details are subject to change until construction is complete. Addresses are excluded for projects with fewer than five homes for privacy reasons.

The dataset includes details on the number of “homes” in a development. We use the word "home" to refer to any single unit of housing regardless of size, type, or whether it is rented or owned. For example, a building with 40 apartments counts as 40 homes, and a single detached house counts as one home.

The dataset includes details about the phase of each project. The process for build a new development is as follows: First, one must receive approval from the city’s Planning Division, which is also known as being “entitled.” Next, one must apply for and receive a permit from the city’s Building Division before beginning construction. Finally, once construction is complete and all city inspections have been passed, the building can be occupied.

The dataset also includes data on the affordability level of each development. To receive a government incentive, a developer is typically required to rent or sell a specified number of homes to households that have an income below limits set by the government and their housing cost must not exceed 30% of their income. The federal government determines income limits based on a standard called “area median income.” The city considers housing affordable if is targeted to households earning at or below 80% of the area median income. For a three-person household in Boise, that equates to an annual income of $60,650 and monthly rent or mortgage of $1,516. See Boise Income Guidelines for more details.Project Address(es) – Includes all addresses that are included as part of the development project.Address – The primary address for the development.Parcel Number(s) – The identification code for all parcels of land included in the development.Acreage – The number of acres for the parcel(s) included in the project.Planning Permit Number – The identification code for all permits the development has received from the Planning Division for the City of Boise. The number and types of permits required vary based on the location and type of development.Date Entitled – The date a development was approved by the City’s Planning Division.Building Permit Number – The identification code for all permits the development has received from the city’s Building Division.Date Building Permit Issued – Building permits are required to begin construction on a development.Date Final Certificate of Occupancy Issued – A certificate of occupancy is the final approval by the city for a development, once construction is complete. Not all developments require a certificate of occupancy.Studio – The number of homes in the development that are classified as a studio. A studio is typically defined as a home in which there is no separate bedroom. A single room serves as both a bedroom and a living room.1-Bedroom – The number of homes in a development that have exactly one bedroom.2-Bedroom – The number of homes in a development that have exactly two bedrooms.3-Bedroom – The number of homes in a development that have exactly three bedrooms.4+ Bedroom – The number of homes in a development that have four or more bedrooms.# of Total Project Units – The total number of homes in the development.# of units toward goals – The number of homes in a development that contribute to either the city’s goal to produce housing affordable at or under 60% of area median income, or the city’s goal to create permanent supportive housing for households experiencing homelessness.Rent at or under 60% AMI - The number of homes in a development that are required to be rented at or below 60% of area median income. See the description of the dataset above for an explanation of area median income or see Boise Income Guidelines for more details. Boise defines a home as “affordable” if it is rented or sold at or below 80% of area median income.Rent 61-80% AMI – The number of homes in a development that are required to be rented at between 61% and 80% of area median income. See the description of the dataset above for an explanation of area median income or see Boise Income Guidelines for more details. Boise defines a home as “affordable” if it is rented or sold at or below 80% of area median income.Rent 81-120% AMI - The number of homes in a development that are required to be rented at between 81% and 120% of area median income. See the description of the dataset above for an explanation of area median income or see Boise Income Guidelines for more details.Own at or under 60% AMI - The number of homes in a development that are required to be sold at or below 60% of area median income. See the description of the dataset above for an explanation of area median income or see Boise Income Guidelines for more details. Boise defines a home as “affordable” if it is rented or sold at or below 80% of area median income.Own 61-80% AMI – The number of homes in a development that are required to be sold at between 61% and 80% of area median income. See the description of the dataset above for an explanation of area median income or see Boise Income Guidelines for more details. Boise defines a home as “affordable” if it is rented or sold at or below 80% of area median income.Own 81-120% AMI - The number of homes in a development that are required to be sold at between 81% and 120% of area median income. See the description of the dataset above for an explanation of area median income or see Boise Income Guidelines for more details.Housing Land Trust – “Yes” if a development receives or is expected to receive this incentive. The Housing Land Trust is a model in which the city owns land that it leases to a developer to build affordable housing.City Investment – “Yes” if the city invests funding or contributes land to an affordable development.Zoning Incentive - The city's zoning code provides incentives for developers to create affordable housing. Incentives may include the ability to build an extra floor or be subject to reduced parking requirements. “Yes” if a development receives or is expected to receive one of these incentives.Project Management - The city provides a developer and their design team a single point of contact who works across city departments to simplify the permitting process, and assists the applicants in understanding the city’s requirements to avoid possible delays. “Yes” if a development receives or is expected to receive this incentive.Low-Income Housing Tax Credit (LIHTC) - A federal tax credit available to some new affordable housing developments. The Idaho Housing and Finance Association is a quasi-governmental agency that administers these federal tax credits. “Yes” if a development receives or is expected to receive this incentive.CCDC Investment - The Capital City Development Corp (CCDC) is a public agency that financially supports some affordable housing development in Urban Renewal Districts. “Yes” if a development receives or is expected to receive this incentive. If “Yes” the field identifies the Urban Renewal District associated with the development.City Goal – The city has set goals to produce housing affordable to households at or below 60% of area median income, and to create permanent supportive housing for households experiencing homelessness. This field identifies whether a development contributes to one of those goals.Project Phase - The process for build a new development is as follows: First, one must receive approval from the city’s Planning Division, which is also known as being “entitled.” Next, one must apply for and receive a permit from the city’s Building Division before beginning construction. Finally, once construction is complete and all city inspections have been passed, the building can be occupied.

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 4,280 U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average 3,160 U.S. dollars.

The files below provide the affordable housing statistics for GLA funded programmes. The GLA is committed to open and transparent reporting and will publish statistics relating to housing delivery in London.

Downloads

• - Monthly GLA housing starts and completions data by programme, tenure and Local Authority, since April 2009.

  Excel or PDF

• - Annual Affordable Housing Additional Information by bedroom size by Local Authority:

  Excel or PDF

  Tables include:

• 1 Completions outturn by bedroom breakdown and borough

• 2 Starts-on-Site outturn by bedroom breakdown and borough

• 3 Completions outturn by bedroom breakdown and programme

• 4 Starts-on-Site outturn by bedroom breakdown and programme

• 5 Rent Completions outturn by bedroom breakdown and borough

• 6 Home Ownership Completions outturn by bedroom breakdown and borough

• 7 Rent Starts-on-Site outturn by bedroom breakdown and borough

• 8 Home Ownership Starts-on-Site outturn by bedroom breakdown and borough

• 9 Average Weekly Rents (all programmes) for completed homes by bedroom breakdown by borough

• 10 Affordable Homes Programme: Average weekly rent as % of market rent for homes completed by bedroom breakdown and borough.

This information supplements previous releases of national housing statistics published by the Homes and Communities Agency (external website).

To see future Publication Dates 2014-15 of the affordable Housing Statistics, please click here.

Annual scheme level data

A data set of scheme completions and starts since April 2011 is available. This data set will be updated on an annual basis.

See some of this data represented in charts and maps using Tableau reporting.

Visit GLA website for more information.

Further to the GLA's scheme of delegations, the Mayor has delegated authority to the Executive Director of Housing and Land to approve engagement with, and allocations to, new and existing housing providers bidding to deliver additional affordable homes in London. The approvals include bids for new schemes in existing programmes and the approval of variations to existing scheme allocations. The Additional Allocations file below lists additional funding approved under this delegation.

AHP Conversions

This report is based on information on conversions provided to the GLA by the Social Housing Regulator, the conversion data is as submitted by providers in their quarterly survey via NROSH+ (a website for all private registered providers except local authority providers to submit their annual data returns required by the Social Housing Regulator).

Downtown Montréal/Îles-des-Soeurs was the most expensive area to rent a two-bedroom apartment in Greater Montréal, Canada in 2023, with a median rent of 1,813 Canadian dollars. In comparison, the average for Greater Montréal stood at 980 Canadian dollars. Pont-Viau and Montréal-Nord, on the other hand, were the most affordable areas. The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

This dataset includes three tables which were custom ordered from Statistics Canada. There is a table each for Vancouver CMA, Montreal CMA, and Toronto CMA, and the tables contain variables regarding dwelling characteristics, tenure, and shelter cost.

The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only).
For information on how to use Beyond 20/20, please see:
http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf
https://wiki.ubc.ca/Library:Beyond_20/20_Guide

Custom order from Statistics Canada includes the following dimensions and variables:

Geography: Montreal CMA, Vancouver CMA, Toronto CMA to the census tract level

Total Shelter Cost: Under $500 to over $3000 in $500 intervals

Shelter Cost to-Income Ratio: Spending less than 15%, 15-30%, 30-50%, 50% or more

Tenure: Owner (including presence of mortgage), renter, subsidized housing, not subsidized housing

Condominium Status: Condominium, not a condominium

Household Size: 1 person, 2 persons, 3 or more people

Number of Bedrooms: No bedroom or 1 bedroom, 2 or more bedrooms

Structural Type:
-Single detached house
-Apartment with 5 or more stories
-Semi-detached house, row house or other single detached house
-Apartment or flat in a duplex
-Apartment, building with fewer than 5 stories

Household Income: Median income and average income only

Original file names:
EO3091_Table1_Montreal.ivt
EO3091_Table1_Toronto.ivt
EO3091_Table1_Vancouver.ivt

This statistic shows the median size of new residential units in Manhattan and Brooklyn, New York in the first quarter 2018. In that quarter, the median size of newly developed two-bed units sold in Manhattan amounted to 1,420 square feet, whereas the median size of those sold in Brooklyn was 1,175 square feet.

The median monthly apartment rental rate for a one bedroom apartment in San Francisco Bay Area was the highest in Mountain View as of May 2023, at nearly 3,500 U.S. dollars. The median monthly rent for a one bedroom apartment in Vallejo, on the other hand, was aproximately 1,600 U.S. dollars per month.