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Monthly median asking rent for unfurnished apartments in the United States from 1980 to 2018
(in U.S. dollars)
Asking rent for unfurnished apartments in the U.S. 1980-2018
This statistic presents the monthly median asking rent for unfurnished apartments in the United States from 1980 to 2018. In the first half of 2018, the renters of unfurnished apartments in the U.S. paid a median price of 1,588 U.S. dollars per month.

U.S. rental market – additional information

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.

It appears that in the last decade, the rent has increased by slightly less than 250 U.S. dollars. However, in as little as four years, between 2010 and 2015, the median rent has increased by a similar amount. This is likely due to changes in rental vacancy rates, which have decreased significantly since 2009 across all U.S. regions.

Of course rents, vary from region to region. The most expensive rents are found in the northeast and western regions of the United States. Broken down by state, the highest hourly wages which are needed to afford a two-bedroom apartment were in Hawaii in 2016 - even higher than the hourly wages which were needed in New York and California.

The number of renter occupied housing units in the United States increased from 34.47 million in 1980 to 43.04 million in 2016.
Monthly median asking rent for unfurnished apartments in the United States from 1980 to 2018
(in U.S. dollars)
Median asking rent per month in U.S. dollars
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Sources

Release date

September 2018

Region

United States

Survey time period

1980 to 2018

Supplementary notes

* Due to a change in the SOMA data collection procedure and expanded rent ranges, asking rents were capped at 1,250 U.S. dollars or more.
**Q2 2018
Median asking rent for unfurnished, privately financed, nonsubsidized apartments in buildings with five or more units.

Asking rent for unfurnished apartments in the U.S. 1980-2018
This statistic presents the monthly median asking rent for unfurnished apartments in the United States from 1980 to 2018. In the first half of 2018, the renters of unfurnished apartments in the U.S. paid a median price of 1,588 U.S. dollars per month.

U.S. rental market – additional information

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.

It appears that in the last decade, the rent has increased by slightly less than 250 U.S. dollars. However, in as little as four years, between 2010 and 2015, the median rent has increased by a similar amount. This is likely due to changes in rental vacancy rates, which have decreased significantly since 2009 across all U.S. regions.

Of course rents, vary from region to region. The most expensive rents are found in the northeast and western regions of the United States. Broken down by state, the highest hourly wages which are needed to afford a two-bedroom apartment were in Hawaii in 2016 - even higher than the hourly wages which were needed in New York and California.

The number of renter occupied housing units in the United States increased from 34.47 million in 1980 to 43.04 million in 2016.
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Statistics on "Apartments in the United States"
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