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.

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.

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.

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

In January 2025, apartment rents recorded an annual growth in most U.S. states. Nevertheless, the national average rent declined by about *** percent. West Virginia was the state with the largest rental increase, while Colorado measured the largest decline. California, one of the most expensive states to rent an apartment, such as California, saw an increase of about *** percent from the previous year. How much should you earn to afford to rent an apartment in different states in the U.S.? Both employment opportunities and the living costs vary widely across the country. In California, which is among the most competitive housing markets in the U.S., the hourly wage needed to afford a two-bedroom apartment rental was roughly ** U.S. dollars, more than twice higher than in North Carolina, Louisiana, or Michigan in 2024. When it comes to the median household income, on the other hand, California does not even make it in the top ten states. How much should you earn to afford a home in some of U.S. largest metros? In 2022, the annual salary needed to buy a median-priced home in the U.S. was ****** U.S. dollars. However, in some of the largest metropolitan areas in the United States, where housing prices are up to two or three times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro, the annual salary needed for a median-priced home was approximately ******* U.S. dollars.

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 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.

Median monthly rental prices for the private rental market in England by bedroom category, region and administrative area, calculated using data from the Valuation Office Agency and Office for National Statistics.

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.

The average agreed rent for new tenancies in the UK ranged from *** British pounds to ***** British pounds, depending on the region. On average, renters outside of London paid ***** British pounds, whereas in London, this figure amounted to ***** British pounds. Rents have been on the rise for many years, but the period after the COVID-19 pandemic accelerated this trend. Since 2015, the average rent in the UK increased by about ** percent, with about half of that gain achieved in the period after the pandemic. Why have UK rents increased so much? One of the main reasons driving up rental prices is the declining affordability of homeownership. Historically, house prices grew faster than rents, making renting more financially feasible than buying. In 2022, when the house price to rent ratio index peaked, house prices had outgrown rents by nearly ** percent since 2015. As house prices peaked in 2022, home buying slowed, exacerbating demand for rental properties and leading to soaring rental prices. How expensive is too expensive? Although there is no official requirement about the proportion of income spent on rent for it to be considered affordable, a popular rule is that rent should not exceed more than ** percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of ** percent of their income on rent. Rental affordability has sparked a move away from the capital to other regions in the UK, such as the South East (Brighton and Southampton), the West Midlands (Birmingham) and the North West (Liverpool, Manchester, Blackpool and Preston).

Rents for unfurnished housing in the Netherlands reached an all-time high in 2023. In the third quarter of the year, the average square meter rent for residential properties reached 17.77 euros, up from 16.9 euros during the same period in 2022. Note that the numbers shown in this statistic are not from a governmental institution, but concern rental housing being offered on the website of the source in the specific quarters. This implies the numbers only show rents of property on the free market and exclude social housing. No difference was made between the type of rental housing, such as houses, apartments, rooms or studios. Big cities well above the average rent price Cities in the Randstad area (the areas surrounding Amsterdam, The Hague, Utrecht and Rotterdam) have a big influence on the average rental price in the Netherlands. This is especially true for Amsterdam, as the Dutch capital registered an average rent price of roughly 26 euros per square meter in 2023. The Hague and Rotterdam, on the other hand, had rental rates below the national average. Are these rents expensive or not? A historical development of rent price indices suggests that rents in the Netherlands are at their highest level since 1990. This graph, however, does not mention whether it has a correction for inflation or not. It is unclear whether any institution researched the development of “real” rent prices in the Netherlands. Statista can offer two components for a potential comparison: the annual housing rent percentage increase since 1990 as well as the inflation rate of the Netherland since 2008.

In 2025, the average Fair Market Rent for a two-bedroom rental home in the United States was 1,749 U.S. dollars per month, while that of a one-bedroom rental home was 1,465 U.S. dollars per month. This rent level was unaffordable for the average household with one full-time worker earning the federal minimum wage in that year.

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.

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

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 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).

In December 2023, the monthly rent for a one-bedroom apartment in the city center of Mexico City amounted to ****** U.S. dollars, whereas a three-bedroom apartment averaged ******* U.S. dollars. Meanwhile, Mexico City is the most expensive place to buy residential property in Mexico.

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 ***** euros a month. Dublin 4 took the second spot with a rent of ***** 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 ***** to ***** euros. Conversely, West Dublin emerged as the most affordable area, boasting an average monthly rent of ***** 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 ***** to ***** euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

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 *** 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.

Between 2008 and 2024, the average weekly rent for private renters in England has shown a significant increase. In the 2009, the average rent was 153 British pounds, and by 2024, it had risen to 237 British pounds. Excluding London, the average rent started at 130 British pounds in 2009 and reached 191 British pounds in 2024, demonstrating a similar upward trend but at a lower rate compared to the overall average in England. Rental households in England Renting is common in England. Nearly one in five households occupied a dwelling that was privately rented in 2024. While the majority of households in the country live in an owner-occupied home, this percentage has declined since the early 2000s. Meanwhile, the share of households occupying a private rental has doubled over the past decade. This shows a growing rental sector and a shift in tenure trends in the country. Buying vs renting costs For a long time, the average monthly costs of buying a home were lower than renting. In 2021, housing costs started to increase steeply, closely followed by rental costs. This resulted in the gap nearly closing in 2023. This trend can also be observed through the house price to rent ratio - an index that follows the development of house prices relative to rents, with 2015 as a baseline year. Between 2015 and 2022, the ratio grew steadily, indicating that property prices rise faster than rents. However, with rental growth accelerating and catching up with property prices in 2022, the index declined notably.

In the second quarter of 2024, Dublin stood out with the highest average residential rent in Ireland. The average rent in the city center was ***** euros a month. Wicklow took the second spot with a rent of ***** euros per month. Other counties in the top five were Kildare, Meath, and Louth with an average rent range of ***** to ***** euros. In contrast, Leitrim emerged as the most budget-friendly county, with an average monthly rent of ***** euros. Additionally, Donegal, Monaghan,Sligo, and Mayo joined the ranks of the top five most affordable counties, boasting average rents ranging from ***** to ***** euros. Overall, residential real estate in most Irish counties measured a double-digit annual increase in rental costs in the second quarter of 2024.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in June 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.