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.

Rents in the United States declined year-on-year for the first time in June 2023, after surging for two years in a row. In November 2021, rents soared by over 18 percent annually — the highest increase on record, and in August 2022, the average rental price reached an all-time high of over 1,440 U.S. dollars. Rental growth has since mellowed, with January 2025 recording a decline of about 0.5 percent from the same period one year ago. Despite the softening of the market, many states still experienced rising rents.

The median rent for one- and two-bedroom apartments in New York City, NY, exceeded 2,328 U.S. dollars at the beginning of 2025. Rents soared during the COVID-19 pandemic rising by over 32 percent in December 2021. Rental growth slowed in the following three years but remained positive. In January 2025, rents increased by 3.9 percent year-on-year.Among the different states in the U.S., New York ranks as one of the most expensive rental markets.

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.

Abstract (en): This data collection provides information on the characteristics of a national sample of housing units, including apartments, single-family homes, mobile homes, and vacant housing units. Unlike previous years, the data are presented in seven separate parts: Part 1, Work Done Record (Replacement or Additions to the House), Part 2, Journey to Work Record, Part 3, Mortgages (Owners Only), Part 4, Housing Unit Record (Main Record), Recodes (One Record per Housing Unit), and Weights, Part 5, Manager and Owner Record (Renters Only), Part 6, Person Record, Part 7, Mover Group Record. Data include year the structure was built, type and number of living quarters, occupancy status, access, number of rooms, presence of commercial establishments on the property, and property value. Additional data focus on kitchen and plumbing facilities, types of heating fuel used, source of water, sewage disposal, heating and air-conditioning equipment, and major additions, alterations, or repairs to the property. Information provided on housing expenses includes monthly mortgage or rent payments, cost of services such as utilities, garbage collection, and property insurance, and amount of real estate taxes paid in the previous year. Also included is information on whether the household received government assistance to help pay heating or cooling costs or for other energy-related services. Similar data are provided for housing units previously occupied by respondents who had recently moved. Additionally, indicators of housing and neighborhood quality are supplied. Housing quality variables include privacy of bedrooms, condition of kitchen facilities, basement or roof leakage, breakdowns of plumbing facilities and equipment, and overall opinion of the structure. For quality of neighborhood, variables include use of exterminator services, existence of boarded-up buildings, and overall quality of the neighborhood. In addition to housing characteristics, some demographic data are provided on household members, such as age, sex, race, marital status, income, and relationship to householder. Additional data provided on the householder include years of school completed, Spanish origin, length of residence, and length of occupancy. Please review the "Sample Status, Weights, Interview Status" section in the ICPSR codebook for this American Housing Survey study, as well as Appendix B in CURRENT HOUSING REPORTS, 2007, included with this collection. ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection: Checked for undocumented or out-of-range codes.. Housing Units in the United States. The 2007 national data are from a sample of housing units interviewed between April and September 2007. The same basic sample of housing units is interviewed every 2 years until a new sample is selected. The United States Census Bureau updates the sample by adding newly constructed housing units and units discovered through coverage improvement efforts. For the 2007 American Housing Survey--National sample (AHS-N), approximately 60,000 sample housing units were originally selected for interview. Due to budgetary constraints, roughly 8 percent of these units were taken out of the sample and were not interviewed in 2007. These reduced units are eligible for reinstatement in future enumerations. About 2,150 of the remaining 55,000 total units included for interview were found to be ineligible because the unit no longer existed or because the units did not meet the AHS-N definition of a housing unit. Of the 52,850 eligible sample units, about 6,550 were classified (both occupied and vacant housing units), as ''Type A'' noninterviews because (a) no one was at home after repeated visits, (b) the respondent refused to be interviewed, or (c) the interviewer was unable to find the unit. This classification produced an unweighted overall response rate of 88 percent. The weighted overall response rate was 89 percent. computer-assisted personal interview (CAPI)Beginning in 1997, the methods of collecting and processing American Housing Survey (AHS) data were redesigned. All interviews are conducted using computer-assisted personal interviewing (CAPI) ...

Residential rents in urban areas in the United States have grown faster than the general basket of products and services of the urban population. In 2024, the consumer price index (CPI) for rent of primary residences reached 420 index points, more than 100 index points more than the CPI for all items. The CPI measures the development of prices, with 1984 chosen as a base year. An index value of 400 indicates that rents have quadrupled since 1984.

Around 64 percent of U.S. consumers spend less on non-essentials amidst the ongoing cost of living crisis in 2023. This is according to a survey conducted by We are Social and Statista Q, which shows that rising inflation rates have caused around a similar percentage of customers to pay more attention to bargains, good deals, or offers (when going shopping). Furthermore, around 39 percent of U.S. consumers do not go out for dinner/lunch anymore to deal with the situation.