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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Size Class B/C (CUURX000SEHA) from Dec 1997 to May 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

VITAL SIGNS INDICATOR
Rent Payments (EC8)

FULL MEASURE NAME
Median rent payment

LAST UPDATED
January 2023

DESCRIPTION
Rent payments refer to the cost of leasing an apartment or home and serves as a measure of housing costs for individuals who do not own a home. The data reflect the median monthly rent paid by Bay Area households across apartments and homes of various sizes and various levels of quality. This differs from advertised rents for available apartments, which usually are higher. Note that rent can be presented using nominal or real (inflation-adjusted) dollar values; data are presented inflation-adjusted to reflect changes in household purchasing power over time.

DATA SOURCE
U.S. Census Bureau: Decennial Census - https://nhgis.org
Count 2 (1970)
Form STF1 (1980-1990)
Form SF3a (2000)

U.S. Census Bureau: American Community Survey - https://data.census.gov/
Form B25058 (2005-2021; median contract rent)

Bureau of Labor Statistics: Consumer Price Index - https://www.bls.gov/data/
1970-2021

CONTACT INFORMATION
vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Rent data reflects median rent payments rather than list rents (refer to measure definition above). American Community Survey 1-year data is used for larger geographies – Bay counties and most metropolitan area counties – while smaller geographies rely upon 5-year rolling average data due to their smaller sample sizes. Note that 2020 data uses the 5-year estimates because the ACS did not collect 1-year data for 2020.

1970 Census data for median rent payments has been imputed from quintiles using methodology from California Department of Finance as the source data only provided the mean, rather than the median, monthly rent. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Inflation-adjusted data are presented to illustrate how rent payments have grown relative to overall price increases; that said, the use of the Consumer Price Index (CPI) 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.

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.

Private rent price statistics, including indices, annual percentage change and price levels.

In 2024, the highest rental prices in the industrial and logistics (I&L) real estate market were recorded in Warsaw. Monthly base rates ranged from 6.2 euros to a maximum of 8.3 euros per sq. m. In other regions of Poland, the maximum base rental rates ranged between four euros and maximum five euros per square meter.

Graph and download economic data for Producer Price Index by Commodity: Real Estate Services (Partial): Retail Properties, Gross Rents (WPU43110201) from Apr 2009 to May 2025 about rent, real estate, gross, retail, services, commodities, PPI, inflation, price index, indexes, price, and USA.

The median monthly asking rent of single family homes and apartments in Manhattan, New York plummeted in 2020, following the coronavirus (COVID-19) pandemic outbreak. The average rent in Upper East Side fell to ***** U.S. dollars, only to surge in the next two years. In 2024, a residential property in Downtown Manhattan had an average rent of nearly ***** U.S. dollars.

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Monthly data are available from January 2006 for the total index and from January 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Performance measures dataset

This dataset encompasses all rental listings from early 2023 in Brussels in dirty format. It serves as a great exercise on:

• how to deal with missing data (not all listings provided information on all variables)
• how to clean data (e.g. price columns need to be converted to numeric)
• how to train regression models

Picture Credit: https://unsplash.com/photos/JAEog_jEAo0?utm_source=unsplash&utm_medium=referral&utm_content=creditShareLink

The median monthly asking rent of single family homes and apartments in Queens, New York peaked at 2,850 U.S. dollars in June 2023. Due to the coronavirus (COVID-19) crisis, rental rates fell slightly in 2020, only to surge in the next two years and half.

The most expensive cities to live in were Bucharest and Cluj-Napoca as of April 2023. On average renting a studio apartment cost 300 euros per month in both cities. It was followed by Brașov, Iași and Constanța, with Timișoara being the most affordable city to live in from the given list - 220 euros for a one-room apartment.

Vietnam Rental And Sale Real Estate Dataset in Feb 2025

This dataset contains rental property listings from various cities and provinces across Vietnam. It includes details such as location, rental price, property area, number of bedrooms, and number of bathrooms. The data can be used for analyzing rental trends, comparing property prices across regions, and identifying patterns in Vietnam’s real estate market.

Dataset Overview

Geographic Coverage: Listings come from different provinces and major cities in Vietnam, including Hà Nội, Hồ Chí Minh City, Đà Nẵng, and other regions. Price (price): Represents the monthly rental cost and sale price, typically listed in Vietnamese đồng (VND). Some listings have negotiable pricing indicated as "Giá thỏa thuận". Area (area): Specifies the total available space in square meters (m²), ranging from small apartments to large commercial or industrial properties. Bedrooms (bedrooms_num) and Bathrooms (bathrooms_num): - If both values are greater than zero, the listing is likely a residential property such as an apartment, house, or villa. - If both values are zero, the listing may not be a traditional residential building but could be an office space, commercial property, warehouse, or vacant land available for rent. Example Listings

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.

This statistic presents the monthly rental prices for a furnished two-room apartment in selected European cities as of 2015. London led the ranking, with an average price per typically sized newly-built apartment amounting up to 2,840 U.S. dollars. It was followed closely by Geneva, with the monthly rental cost of 2,810 U.S. dollars.

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.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Luxembourg (LUXCPGRHO02GPM) from Feb 1995 to Dec 2023 about imputed, Luxembourg, rent, CPI, price index, indexes, and price.

In 2023, the most expensive residential rental market in Europe was London (inner) with rental costs of approximately 33.8 euros per square meter. Dublin and Paris followed with rental costs of 31.5 and 31.3 euros per square meter. Rents increased across most markets - a trend that could also be observed in the housing market. How much does an apartment cost in different European cities? Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between 500 euros monthly (Budapest) and 2,000 euros (Amsterdam) per month. For afurnished one-bedroom apartment in Paris, France, one may be expected to pay on average 1,900 euros monthly. Which countries have the most affordable housing? The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index base was 100. As of the fourth quarter of 2021, Finland, Italy, and Belgium had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.