In 2024, the average monthly rent affordable to a family of four with a household income at the poverty line was 780 U.S. dollars. However, the average fair market rent for a two-bedroom rental home was 1,670 U.S. dollars per month in that year.
Monthly rent affordable for households in selected financial situations in the United States in 2024
(in U.S. dollars)
Characteristic
Rent in U.S. dollars
Two-bedroom fair market rent
1,670
One-bedroom fair market rent
1,390
Rent affordable to full-time worker earning the average renter wage
1,205
Rent affordable to family of four with income at poverty level
780
Rent affordable to a household with one full-time worker earning the federal minimum wage
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NLIHC. (June 27, 2024). Monthly rent affordable for households in selected financial situations in the United States in 2024 (in U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1064468/average-rent-affordable-for-low-income-households-usa/
NLIHC. "Monthly rent affordable for households in selected financial situations in the United States in 2024 (in U.S. dollars)." Chart. June 27, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1064468/average-rent-affordable-for-low-income-households-usa/
NLIHC. (2024). Monthly rent affordable for households in selected financial situations in the United States in 2024 (in U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1064468/average-rent-affordable-for-low-income-households-usa/
NLIHC. "Monthly Rent Affordable for Households in Selected Financial Situations in The United States in 2024 (in U.S. Dollars)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/1064468/average-rent-affordable-for-low-income-households-usa/
NLIHC, Monthly rent affordable for households in selected financial situations in the United States in 2024 (in U.S. dollars) Statista, https://www.statista.com/statistics/1064468/average-rent-affordable-for-low-income-households-usa/ (last visited October 31, 2024)
Monthly rent affordable for households in selected financial situations in the United States in 2024 (in U.S. dollars) [Graph], NLIHC, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/1064468/average-rent-affordable-for-low-income-households-usa/
