Renting the typical one-bedroom apartment exceeded 2,500 U.S. dollars in three of United States' cities with population greater than 150,000 people in 2024. In May that year, the average rent for a one-bedroom apartment in Sunnyvale, California was 2,798 U.S. dollars.

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.

As of January 2025, the rent for a two-bedroom apartment in Hawaii was about 120 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 three 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.

Cities in the United States dominate the list of cities with the highest rents worldwide. New York was ranked as the most expensive city to rent in, ahead of San Francisco, with an index score of ***. Boston followed in third.

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.

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, the average rent for rental apartments increased in ** of the ** U.S. metropolitan areas with the largest populations. Providence-Warwick, RI-MA was the metro with the highest rental growth, an annual increase of **** percent as of April that year. Conversely, Austin-Round Rock-Georgetown, TX experienced the highest decline in rents, at **** percent.

The average monthly asking rent per square foot of shopping center real estate in the leading markets in Texas increased between 2020 and 2024. Although this trend was observed in all four major markets, Austin recorded the highest rent in 2024, at 30.5 U.S. dollars per square foot. This was higher than both the national average and the average for the South region.

Rent Inflation in the United States decreased to 3.90 percent in May from 4 percent in April of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

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.

Among the largest cities in the United States, renting an apartment was most affordable in Wichita, KS, in 2024. On average, renters in Wichita could rent an ***** square foot apartment for ***** U.S. dollars. The average apartment rent varies widely across different metros and states, with Hawaii, California, and Washington D.C. fetching the most expensive rents.

The average Class A asking rent for office real estate in Downtown Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Tribeca had the highest average Class A rent of 158.63 U.S. dollars per square foot. Renting a square foot of Class A property in Tribeca cost more than double the cost in all the other submarkets in Downtown Manhattan. Meanwhile, the Insurance District was the only district where Class A office rents rose between 2022 and 2023.

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.

Sydney was the markets with the highest rent for industrial and logistics real estate in the Asia-Pacific (APAC) region in the second half of 2023. Sydney had an average net asking rent of over 22 U.S. dollars per square meter per month, eight U.S. dollars above the average rent in the second-ranking market, Brisbane. Rents in India, on the other hand, were substantially lower. In Mumbai, Bangalore, and Delhi, the square meter rent was less than one U.S. dollar.

The monthly rent of mobile homes in the U.S. has gradually increased since 2010, peaking in 2024. In the third quarter of that year, the average monthly rent for manufactured homes was 717 U.S. dollars. Similarly, apartment rents also soared in 2022, followed by a slight decline in the next two years. Where in the U.S. are manufactured homes most popular? States with a growing economy and large population provide the best opportunities for manufactured housing. In September 2023, Texas had the highest number of mobile homes in the United States. Other states with a high number of mobile homes were North Carolina and Florida. Moreover, Texas also boasted the highest number of manufactured home production plants. Affordability of mobile homes across the U.S. Manufactured homes are considerably less expensive than regular homes, which makes them an attractive option for people looking to purchase property without breaking the bank. Mobile homes are cheaper because manufacturers benefit from economies of scale due to large-scale production, which allows them to lower costs per unit. Additionally, mobile homes lose value faster than traditional homes, which can make them more affordable to purchase initially. The average sales price for a new mobile home has been on the rise, but during the housing boom in 2021, it increased dramatically.

The average asking rent for office space in Midtown Manhattan in the fourth quarter of 2023 was highest in the Plaza District. The square foot of space cost 93.3 U.S. dollars to rent in that quarter. The cheapest submarket to rent office space was Columbus Circle, where a square foot cost 68.32 U.S. dollars. Times Square was the only district where the average rent rose between the fourth quarter of 2022 and the fourth quarter of 2023.

blockgrouphomevalues # Context A home purchase is among the most import decisions, and potentially risk investments, in a person's life. Their choice can reflect interest in long term gains, housing costs and, in the U.S., part of the American Dream. Analytics of home values and rental costs, however, are commonly limited to highest level geographic aggregates and broad, even annual, periods of time. This publication produces a data file shared in the Block Groups Datasets dataverse hosted on https://dataverse.harvard.edu/dataverse/blockgroupdatasets. The data is shared under a Common Commons, open source license, without warranties, share alike, non commercial and by attribution. Method This publication attempts to cast home values down to U.S. Census block group geographies, by inheriting and averaging the measures from ZIP code level estimates. On the whole, block groups with a few hundred households are considerably smaller than ZIP code areas with several thousand. In addition, the two geographies are managed by separate Federal agencies, the U.S. Postal Service and the Census Bureau, so they are inherently dissimilar. The simplest method of projection involves overlaying the two geographies, having a block group inherit the estimates of the ZIP code level that covers it. When the block group spans ZIP code boundaries, an average is appropriate, weighted by land area lying in each parent. Data Zillow is recognized as an innovator in predicting home values, serving real estate agents, home buyers, and home sellers. Their research service publishes several estimates at a ZIP code level including measures of home value (Zillow Home Value Index ZHVI) and rental costs (Zillow Observed Rent Index ZORI). The ZHVI is broken down by housing type: single family homes and condominiums. And, each of their publications has monthly frequency dating, in some cases, to 2000. Block group geographic boundariess are maintained by the US Census' TIGER (Topologically Integrated Geographic Encoding and Referencing) publication. ZIP code boundaries are not generally published, but shared from a private company, Dotlas, in various retail marketing solutions. ZIP codes, also, have long been problematic for demographic analytics. Their boundaries span counties and states, so you cannot tiethem to familar geographies including Census tracts and block groups. The Census Bureau tries to address this by using ZIP Code Tabulation Areas (ZCTAs). These are coded very much like 5 digit ZIP codes and are equal to them most of the time. When A ZIP code geography crosses a county line, though, new ZCTAs are invented to represent each side of the split area. So, while ZIP codes cannot be aggregated, ZCTAs can total into counties, states, divisions and regions. The blockgrouphomevalues dataset offers the following columns: Column Data Type Description STATEFP string The 2-digit State FIPS code of the block group COUNTYFP string The 3-digit County FIPS code of the block group TRACTCE string The 6-digit Census Tract of the block group BLKGRPCE string The 1-digit Block Group of the block group GEOID string 12 digit concatenation of State, County, Tract and Block Group codes GEOIDFQ string The 'fully qualified' GEOID with US country prefix ALAND integer The land area if the block group in square meters AWATER integer The area if the block group, covered by water, in square meters INTPTLAT float Latitude of the block groups centroid point INTPTLON float Longitude of the block groups centroid point ZIP Codes Overlaying list List of the ZIP codes that overlay the block group ZHVI All Housing Types float Zillow Home Value Index, attributed to the block group, all housing types ZHVI Single Family Homes float Zillow Home Value Index, attributed to the block group, single family homes ZHVI Condos/Coops float Zillow Home Value Index, attributed to the block group, condominiums and cooperatively owned ZORI All Housing Types float Zillow Observed Rent Index, attributed to the block group Additional Notes When the Block Group Code BLKGRPCE is '0', that block group is under water. Block groups cover the Great Lakes, for example, making a confusing visual for chloropleth maps. To support visualization, the code also uses Census definitions of cities called Combined Statitical Areas, which group counties together. The CSA for New York includes 22 counties, distinguished as Central or Outlying. The Delineation Files publication includes the geographic IDs of state and county FIPS codes in each major city. Maps of these results may be visually biased. New York City and San Francisco Bay areas have extreme housing values, but they have small land areas. Denver by contrast has higher then median housing values with very large land areas. As a result, western Colorado looks like the dominating location of home values. When more than one ZIP code overlays a block group, values are attributed by the shared land area. This assumes that housing is uniform over...

There is more to housing affordability than the rent or mortgage you pay. Transportation costs are the second-biggest budget item for most families, but it can be difficult for people to fully factor transportation costs into decisions about where to live and work. The Location Affordability Index (LAI) is a user-friendly source of standardized data at the neighborhood (census tract) level on combined housing and transportation costs to help consumers, policymakers, and developers make more informed decisions about where to live, work, and invest. Compare eight household profiles (see table below) —which vary by household income, size, and number of commuters—and see the impact of the built environment on affordability in a given location while holding household demographics constant.*$11,880 for a single person household in 2016 according to US Dept. of Health and Human Services: https://aspe.hhs.gov/computations-2016-poverty-guidelinesThis layer is symbolized by the percentage of housing and transportation costs as a percentage of income for the Median-Income Family profile, but the costs as a percentage of income for all household profiles are listed in the pop-up:Also available is a gallery of 8 web maps (one for each household profile) all symbolized the same way for easy comparison: Median-Income Family, Very Low-Income Individual, Working Individual, Single Professional, Retired Couple, Single-Parent Family, Moderate-Income Family, and Dual-Professional Family.An accompanying story map provides side-by-side comparisons and additional context.--Variables used in HUD's calculations include 24 measures such as people per household, average number of rooms per housing unit, monthly housing costs (mortgage/rent as well as utility and maintenance expenses), average number of cars per household, median commute distance, vehicle miles traveled per year, percent of trips taken on transit, street connectivity and walkability (measured by block density), and many more.To learn more about the Location Affordability Index (v.3) visit: https://www.hudexchange.info/programs/location-affordability-index/. There you will find some background and an FAQ page, which includes the question:"Manhattan, San Francisco, and downtown Boston are some of the most expensive places to live in the country, yet the LAI shows them as affordable for the typical regional household. Why?" These areas have some of the lowest transportation costs in the country, which helps offset the high cost of housing. The area median income (AMI) in these regions is also high, so when costs are shown as a percent of income for the typical regional household these neighborhoods appear affordable; however, they are generally unaffordable to households earning less than the AMI.Date of Coverage: 2012-2016 Date Released: March 2019Date Downloaded from HUD Open Data: 4/18/19Further Documentation:LAI Version 3 Data and MethodologyLAI Version 3 Technical Documentation_**The documentation below is in reference to this items placement in the NM Supply Chain Data Hub. The documentation is of use to understanding the source of this item, and how to reproduce it for updates**

Title: Location Affordability Index - NMCDC Copy

Summary: This layer contains the Location Affordability Index from U.S. Dept. of Housing and Urban Development (HUD) - standardized household, housing, and transportation cost estimates by census tract for 8 household profiles.

Notes: This map is copied from source map: https://nmcdc.maps.arcgis.com/home/item.html?id=de341c1338c5447da400c4e8c51ae1f6, created by dianaclavery_uo, and identified in Living Atlas.

Prepared by: dianaclavery_uo, copied by EMcRae_NMCDC

Source: This map is copied from source map: https://nmcdc.maps.arcgis.com/home/item.html?id=de341c1338c5447da400c4e8c51ae1f6, created by dianaclavery_uo, and identified in Living Atlas. Check the source documentation or other details above for more information about data sources.

Feature Service: https://nmcdc.maps.arcgis.com/home/item.html?id=447a461f048845979f30a2478b9e65bb

UID: 73

Data Requested: Family income spent on basic need

Method of Acquisition: Search for Location Affordability Index in the Living Atlas. Make a copy of most recent map available. To update this map, copy the most recent map available. In a new tab, open the AGOL Assistant Portal tool and use the functions in the portal to copy the new maps JSON, and paste it over the old map (this map with item id

Date Acquired: Map copied on May 10, 2022

Priority rank as Identified in 2022 (scale of 1 being the highest priority, to 11 being the lowest priority): 6

Tags: PENDING

The average monthly asking rent for shopping centers in the leading U.S. markets in 2024 ranged between 13 and 48 U.S. dollars per square foot. In the first quarter of the year, Hawaii had the most expensive rent, at 48.03 U.S. dollars per square foot. Overall, rents were the highest in the West region.

This statistic shows the average rent in high-end apartments in selected cities in the United States in 2018. The average monthly rent for a luxury apartment in Los Angeles, the second largest city in the U.S., was 3,028 U.S. dollars in 2018.