The District of Columbia is the most expensive U.S. state for studio apartments, with monthly rents nearly *** U.S. dollars higher than in Hawaii. As of February 2021, renters in District of Columbia paid on average ***** U.S. dollars monthly for a studio apartment. In comparison, studios in Arkansas were approximately three times more affordable.

Between 2020 and 2021, the average monthly rent in the U.S. saw an overall increase. Nevertheless, this was not the case in some states that experienced dramatic negative rental growth.

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.

One of the main factors driving high rents across European cities is the same as any other consumer-driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land, and construction costs, all keep rental prices increasing. Renting in European cities In 2025, Munich was the most expensive city to rent a furnished studio among the 23 cities surveyed. At ***** euros per month, renting a studio in Munich cost nearly twice the price of a studio in Athens. For one-bedroom apartments or a furnished private room, the most expensive city was Amsterdam. Homeownership in Europe In many European countries owning your home is more commonplace than renting – for instance, in Romania, the homeownership rate is over ** percent. In the UK, affordability of housing is one of the leading housing concerns, with the majority of adults agreeing that first-time buyers getting on a property ladder is a very or somewhat serious problem.

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.

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.

Average asking rent price in select Census Metropolitan Areas by rental unit type. The breakdown by number of bedrooms is provided only for apartments. The results are based on an experimental approach, meaning they are derived from recent methodologies and may be subject to revisions. Quarterly data are available starting from the first quarter of 2019.

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.

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 average rent for a one-bedroom apartment in Tokyo, Japan, was approximately ***** U.S. dollars per month. In comparison, the average monthly rent for a one-bedroom apartment in Shanghai, China, was approximately *** U.S. dollars.

RealFacts Report, Market Overview, 2Q2014, 8/25/2014. Includes average asking rent and average occupancy.Average asking rent is average for all (studio, 1 bedroom/1 bathroom, 2 bedroom/1 bathroom, etc.).

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

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 ***** U.S. dollars. The median monthly rent for a one bedroom apartment in Vallejo, on the other hand, was aproximately ***** U.S. dollars per month.

TRREB Releases 2022 Q4 Rental Market Statistics Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021. The number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board9s (TRREB) MLS® System was down on a yearover-year basis by 19.9 per cent in the fourth quarter of 2022. The number of rental listings was also down over the same period, but by a lesser annual rate of 11.8 per cent. The fact that the number of units leased was down by more than the number of units listed suggests that would-be renters benefitted from more choice compared to a year ago. "Strong population growth based on record immigration and robust job creation across a diversity of economic sectors drove rental demand in 2022. In addition, aggressive interest rate hikes by the Bank of Canada impacted affordability for many households, prompting a shift from homeownership to rental. All of these factors will continue to support strong rental demand in 2023," said TRREB President Paul Baron. The average rent for a one-bedroom condominium apartment increased by 19 per cent to $2,503 in the fourth quarter of 2022. Over the same period, the average two-bedroom rent increased by 14.1 per cent to $3,178. "Tight rental market conditions and strong rent increases will be the norm more often than not for the foreseeable future. On one hand, we will continue to experience strong rental demand in the GTA based on solid fundamentals. On the other hand, the persistent supply shortage will continue to result in strong competition between wouldbe renters, exerting upward pressure on rents. The solution is no secret: we need to see new policies pointed on more supply to translate into shovels in the ground for many years to come," said TRREB Chief Market Analyst Jason Mercer.

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

This is the mean (average) gross monthly rent in pounds for properties with one bedroom on the private rental market for the area, over a 12 month period. These are self-contained properties including houses, bungalows, flats and maisonettes. These statistics taken from the Valuation Office Agency (VOA) administrative database are simple price averages rounded to the nearest £1. The sample used to produce these statistics is not statistical and may not be consistent over time; as such, these data should not be compared across time periods or between areas. Housing Benefit claimants are not included in the sample.Data is Powered by LG Inform Plus and automatically checked for new data on the 3rd of each month.

The Rental Report time series dataset provides detailed time-series statistics for some key Rental Report data from the June quarter of 1999 to the December quarter of 2017. This specific dataset presents the median rental costs of 1 bedroom flats by the 2016 Local Government Areas geographic level. The rent figures included in the Rental Report are weekly median rents. Median rents represent the midpoint in the distribution of all rents. Fifty per cent of rents are higher than the median and fifty per cent are below the median. The Rental Report provides the most accurate information on the private rental market in Victoria. The data come from records kept by the Residential Tenancies Bond Authority (RTBA). The RTBA is responsible for receiving, registering and refunding all bonds associated with private residential leases in Victoria. For more information please visit the Department of Health and Human Services.

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.

Brazil FipeZap House Asking Price Index: Rent: Average Price: Rio de Janeiro: 1 Bedroom data was reported at 37.790 BRL/sq m in Jun 2019. This records an increase from the previous number of 37.772 BRL/sq m for May 2019. Brazil FipeZap House Asking Price Index: Rent: Average Price: Rio de Janeiro: 1 Bedroom data is updated monthly, averaging 38.309 BRL/sq m from Jan 2008 (Median) to Jun 2019, with 138 observations. The data reached an all-time high of 50.504 BRL/sq m in Aug 2014 and a record low of 16.810 BRL/sq m in Aug 2008. Brazil FipeZap House Asking Price Index: Rent: Average Price: Rio de Janeiro: 1 Bedroom data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EK014: Real Estate: FipeZap House Asking Price Index: Rent: Average Price.

FipeZap: House Asking Price Index: Rent: Average Price: Pará: Belém: 1 Bedroom data was reported at 66.103 BRL/sq m in Jul 2024. This records an increase from the previous number of 64.458 BRL/sq m for Jun 2024. FipeZap: House Asking Price Index: Rent: Average Price: Pará: Belém: 1 Bedroom data is updated monthly, averaging 42.673 BRL/sq m from Jan 2022 (Median) to Jul 2024, with 31 observations. The data reached an all-time high of 66.103 BRL/sq m in Jul 2024 and a record low of 23.830 BRL/sq m in Jan 2022. FipeZap: House Asking Price Index: Rent: Average Price: Pará: Belém: 1 Bedroom data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Brazil Premium Database’s Real Estate Sector – Table BR.RKB008: Real Estate: FipeZap House Asking Price Index: Rent: Average Price.