Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUSR0000SEHA) from Jan 1981 to Sep 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Shelter in Size Class B/C (CUURX000SAS2RS) from Dec 1997 to Sep 2025 about shelter, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

View monthly updates and historical trends for US Consumer Price Index: Rent Of Primary Residence. from United States. Source: Bureau of Labor Statistics.…

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).

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average (CUSR0000SEHC01) from Jan 1983 to Sep 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

In January 2025, the unadjusted consumer price index (CPI) of all items for urban consumers in the United States amounted to about 317.67. The data represents U.S. city averages. The base period was 1982-84=100. The CPI is defined by the United States Bureau of Labor Statistics as “a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services”. The annual consumer price index for urban consumers in the U.S. can be accessed here. Consumer Price Index The Consumer Price Index (CPI) began in 1919 under the Bureau of Labor Statistics and is published every month. The CPI for all urban consumers includes urban households in Metropolitan Statistical Areas and regions with over 2,500 inhabitants, as well as non-farm consumers living in rural regions. This index was established in 1978 and includes about 80 percent of the U.S. population. The monthly CPI of urban consumers in the United States increased from 292.3 in May 2022 to 304.13 in 2023. Inflation tends not to impact everyone equally for a variety of reasons, including geography - CPI often differs between regions, with a high of 287.49 in the Western region as of 2021. There are also disparities in inflation between income quartiles, in which inflation is generally felt more heavily by lower income households. The annual CPI in the United States has increased steadily over the past two decades, from 140.3 in 1992 to 292.56 in 2022. A forecast of the CPI expects this positive trend to continue, reaching 325.6 by 2027. As of March 2023, the CPI of the nation’s education had increased by 3.5 percent. Further, in the same month costs of recreation, rent, housing, medical care, and food and beverages, gasoline, and transportation increased. Comparatively, the CPI in Hong Kong reached 103.3 in 2022.

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.

The house price to rent ratio index in the U.S. declined in the second half of 2022 and remained stable until the end of 2024, indicating that house price growth slowed down compared to rental growth. At its peak, in the second quarter of 2022, the index stood at 140.5. House prices increased dramatically since the coronavirus pandemic. Meanwhile, rents have grown notably, but at a slower rate. What does the house price to rent ratio index measure? The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. Compared to the OECD countries average, the gap between house prices and rents in the United States was wider. The house price to rent ratio in different countries The house price to rent ratio in the United Kingdom continued to increase in the second half of 2022, but growth softened, as the housing market cooled. On the other hand, the index in Germany fell drastically between the second quarter of 2022 and the second quarter of 2023. A similar trend was observed in France.

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.

This table contains 1 series, with data for years 2006 - 2012 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) North American Industry Classification System (NAICS) (1 item: Lessors of non-residential buildings (except mini-warehouses)).

The median rent for one- and two-bedroom apartments in Phoenix, Arizona, amounted to about 1,308 U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, hitting a year-on-year growth of 29 percent in October 2021. This trend reversed in November 2022 and in January 2025, the year-on-year decline was 3.3 percent. Among the different states in the U.S., Arizona ranks as one of the mid-priced rental markets in 2023.

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.

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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (CUURA320SEHC) from Nov 1982 to Sep 2025 about Miami, rent, FL, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Travel Arrangement Services (Partial): Arrangement of Vehicle Rentals and Lodging (Partial) was 102.97600 Index Dec 2008=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Travel Arrangement Services (Partial): Arrangement of Vehicle Rentals and Lodging (Partial) reached a record high of 110.18600 in December of 2024 and a record low of 73.50000 in December of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Travel Arrangement Services (Partial): Arrangement of Vehicle Rentals and Lodging (Partial) - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (CUURA101SASL2RS) from Dec 1982 to Sep 2025 about shelter, CT, New York, NJ, rent, PA, NY, urban, consumer, CPI, services, inflation, price index, indexes, price, and USA.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in San Francisco-Oakland-Hayward, CA (CBSA) (CUURA422SEHC) from Dec 1982 to Sep 2025 about San Francisco, rent, urban, CA, consumer, CPI, inflation, price index, indexes, price, and USA.

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

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in South (CUUR0300SEHA) from Dec 1977 to Sep 2025 about south, primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in Midwest - Size Class B/C (CUURX200SEHC) from Dec 1997 to Sep 2025 about midwest, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.