ApartmentAdvisor National Rent Report

April 2025

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The ApartmentAdvisor National Rent Report is published monthly and includes national rent trend data as well as rent price data by state and by city.


Overview

  1. Rent prices have finally stabilized after COVID, but it may not last.
  2. Rent is flat or down month-over-month in most of the top 10 most expensive markets.
  3. Rent has been consistently flat or down month-over-month and year-over-year in Utah since last April.
Need help setting rent prices for your property? Try our free rental pricing tool here.

U.S. National Rent Trends

The median national rent for a 1-bedroom rental apartment in the U.S. was $1,575 in April 2025, 1.06% higher than the median national rent for March.

Median Rents


Studio$1,600 (+0.1%)
1 Bedroom$1,575 (+1.1%)
2 Bedrooms$1,686 (+2.2%)
3 Bedrooms$2,000 (+0.4%)

Rent Prices Over Time in the U.S.

May 09 2024Jun 21 2024Jul 31 2024Sep 11 2024Oct 24 2024Dec 06 2024Jan 17 2025Feb 28 2025Apr 26 2025$1,200$1,350$1,500$1,650$1,800

Key Findings

This year’s rent trends are closely mirroring last year’s, but tariffs could change that.

The national median rent price is once again up across all bedroom types, with the largest monthly increases seen for two-bedroom apartments (+2.2%) and one-bedroom apartments (+1.1%). This steady seasonal rent growth is expected to continue for at least the next two to three months, as our data suggests that median rent prices across all bedroom types in multifamily units tend to peak in June and July. This year’s rent national trends are closely mirroring last year’s, with median rental prices remaining flat when looking YoY — indicating that, overall, the US rental market has finally normalized after several years of ripple effects following the pandemic.

However, it’s unclear how long this stabilization will last. The US tariff policies could have an impact on rental housing costs, given that tariffs stand to raise the prices of materials needed to build housing (like lumber and stone), impact maintenance costs for property owners for similar reasons, and lead to higher interest rates as a result of economy uncertainty. These costs may be passed on from rental property owners to their tenants, resulting in higher monthly rent prices across the board.

In most of the top 10 priciest markets, median rent stayed flat or decreased.

With the exception of Washington, DC (+2% MoM) and Charleston, SC (+1.2% MoM), rent is down or flat in the top 10 most expensive markets that we track. Meanwhile, four of the five least expensive markets saw sizable rent increases: Wichita, KS (+4.5% MoM), Toledo, OH (+1.4% MoM), Cedar Rapids, IA (+8.9% MoM), and Lincoln, NE (+2.6% MoM).

This is a common phenomenon: Rent prices may appear to grow slower in more expensive markets, since asking prices reflect what the market can handle. If the median asking rent price is already at the top of the budget that renters are willing and able to pay, then there may be less monthly fluctuation. Plus, when renters with higher incomes move from more expensive markets to more affordable ones, they are often willing to pay above-median rent prices for the area — thus contributing to rising rents in that market.


Average Rent by City

Top 10 Most Expensive Cities to Rent an Apartment

1. New York, NY$3,500 (+0.1%)
2. San Francisco, CA$3,015 (+0.7%)
3. Boston, MA$2,800 (0%)
4. Jersey City, NJ$2,500 (-4.7%)
5. Washington, DC$2,295 (+2%)
6. San Diego, CA$2,150 (-1%)
7. Charleston, SC$2,100 (+1.2%)
8. Los Angeles, CA$2,095 (-0%)
9. San Jose, CA$2,077 (-1.4%)
10. Chicago, IL$2,010 (-1.7%)

Top 10 Least Expensive Cities to Rent an Apartment

1. Wichita, KS$695 (+4.5%)
2. Toledo, OH$700 (+1.4%)
3. Cedar Rapids, IA$705 (+8.9%)
4. El Paso, TX$739 (-0.8%)
5. Lincoln, NE$795 (+2.6%)
6. Fort Wayne, IN$795 (0%)
7. Akron, OH$798 (-0.3%)
8. Huntsville, AL$800 (+0.6%)
9. Baton Rouge, LA$815 (-3.4%)
10. Fayetteville, NC$825 (-2.7%)

Rent Prices in 100 Major Cities

This table shows median rent data for 100 major cities in the US.

New York, NY$3,500 (+0.1%)
Los Angeles, CA$2,095 (-0%)
Chicago, IL$2,010 (-1.7%)
Houston, TX$1,300 (+3.2%)
Phoenix, AZ$1,229 (+0.4%)
Philadelphia, PA$1,375 (+1.9%)
San Antonio, TX$939 (+1.5%)
San Diego, CA$2,150 (-1%)
Dallas, TX$1,395 (-0.4%)
San Jose, CA$2,077 (-1.4%)
Austin, TX$1,350 (-0.6%)
Jacksonville, FL$1,100 (+4.9%)
Fort Worth, TX$1,400 (+1.7%)
Columbus, OH$1,235 (-0.3%)
Charlotte, NC$1,561 (-2.1%)
San Francisco, CA$3,015 (+0.7%)
Indianapolis, IN$895 (+3%)
Seattle, WA$1,806 (+0.6%)
Denver, CO$1,525 (-1%)
Washington, DC$2,295 (+2%)
Boston, MA$2,800 (0%)
El Paso, TX$739 (-0.8%)
Nashville, TN$1,403 (-1.6%)
Detroit, MI$1,019 (+7.2%)
Oklahoma City, OK$860 (-0%)
Portland, OR$1,395 (-0.4%)
Las Vegas, NV$1,150 (+4.5%)
Memphis, TN$873 (+2.7%)
Louisville, KY$861 (+3.4%)
Baltimore, MD$1,346 (+1.7%)
Milwaukee, WI$1,080 (+6.4%)
Albuquerque, NM$885 (+0.7%)
Tucson, AZ$892 (-0.8%)
Fresno, CA$1,288 (+2.2%)
Sacramento, CA$1,496 (+0.1%)
Atlanta, GA$1,582 (-0.5%)
Kansas City, MO$1,101 (-0.3%)
Colorado Springs, CO$995 (0%)
Omaha, NE$969 (+7.4%)
Raleigh, NC$1,195 (+5%)
Miami, FL$2,000 (-3.7%)
Virginia Beach, VA$1,443 (-2.2%)
Oakland, CA$1,850 (-2.4%)
Minneapolis, MN$1,069 (-2.4%)
Tulsa, OK$885 (-1.7%)
Tampa, FL$1,588 (-0.8%)
New Orleans, LA$1,350 (+1.9%)
Wichita, KS$695 (+4.5%)
Cleveland, OH$875 (+4.9%)
Honolulu, HI$1,950 (+2.6%)
Riverside, CA$1,791 (-0.2%)
Corpus Christi, TX$1,054 (+5.5%)
Lexington, KY$851 (+0.1%)
St. Paul, MN$1,055 (-1.4%)
Cincinnati, OH$995 (+1.6%)
St. Louis, MO$895 (+5.3%)
Pittsburgh, PA$1,200 (-2%)
Greensboro, NC$900 (+0.6%)
Lincoln, NE$795 (+2.6%)
Anchorage, AK$1,300 (-1.7%)
Orlando, FL$1,371 (+1.9%)
Newark, NJ$1,825 (+7.4%)
Toledo, OH$700 (+1.4%)
Fort Wayne, IN$795 (0%)
St. Petersburg, FL$1,552 (+2.8%)
Jersey City, NJ$2,500 (-4.7%)
Madison, WI$1,575 (+1.3%)
Reno, NV$1,195 (0%)
Buffalo, NY$1,198 (+4.4%)
Richmond, VA$1,295 (+3.2%)
Boise, ID$1,301 (-0.3%)
Spokane, WA$1,050 (+0.5%)
Baton Rouge, LA$815 (-3.4%)
Des Moines, IA$875 (+2.9%)
Fayetteville, NC$825 (-2.7%)
Birmingham, AL$902 (+0.5%)
Rochester, NY$1,150 (-0.7%)
Grand Rapids, MI$1,285 (+3.8%)
Huntsville, AL$800 (+0.6%)
Salt Lake City, UT$1,195 (0%)
Augusta, GA$895 (+1.7%)
Akron, OH$798 (-0.3%)
Little Rock, AR$950 (0%)
Tallahassee, FL$913 (-3.9%)
Sioux Falls, SD$900 (+5.6%)
Providence, RI$1,750 (+3.6%)
Jackson, MS-
Savannah, GA$1,531 (-4.3%)
Charleston, SC$2,100 (+1.2%)
Cedar Rapids, IA$705 (+8.9%)
Fargo, ND$828 (-12.8%)
Hartford, CT$1,253 (+0.3%)
Ann Arbor, MI$1,450 (-3.1%)
Manchester, NH$1,491 (-5%)
Billings, MT-
Wilmington, DE-
Portland, ME-
Cheyenne, WY-
Charleston, WV-
Burlington, VT-

To download this data as a CSV, click .


Average Rent by State

For the past year, rent has been on the decline in Utah.

Recently, we named Salt Lake City, UT as the 2025 Best City for College Grads, based on a number of factors, including affordability. In SLC and beyond, Utahans have benefitted from a pandemic-era residential construction boom that has led to a surge of new supply in housing. At the state level, rent has been down YoY every month for the past year, while median monthly prices for one-bedroom apartments have been steadily flat or dropping since May 2024. For a deep dive on how construction is lowering rents in metros of the Mountain West, check out last month’s rent report.

Delaware-
Hawaii$1,989 (+4.7%)
Texas$1,139 (+3.5%)
Massachusetts$2,559 (+1%)
Maryland$1,450 (+2.5%)
Iowa$850 (+0.6%)
Maine$1,302 (-8.7%)
Idaho$1,224 (+1.1%)
Michigan$1,000 (-1.5%)
Utah$1,104 (+0.4%)
Minnesota$1,112 (-0.8%)
Missouri$875 (+2.9%)
Illinois$1,804 (+0.5%)
Indiana$893 (-0.7%)
Mississippi$925 (-6.3%)
Montana$1,200 (+0.4%)
Alaska$1,295 (+1.6%)
Alabama$865 (-0%)
Virginia$1,350 (0%)
Arkansas$795 (+0.6%)
North Carolina$1,125 (+2.3%)
North Dakota$853 (-0.5%)
Nebraska$907 (+4%)
Rhode Island$1,625 (+4.8%)
Arizona$1,166 (+1.4%)
New Hampshire$1,646 (-1.8%)
New Jersey$2,133 (+1.6%)
Vermont$1,650 (-5.7%)
New Mexico$900 (0%)
Florida$1,450 (+1.8%)
Nevada$1,185 (+2.9%)
Washington$1,600 (+0.3%)
New York$3,350 (+1.5%)
South Carolina$1,196 (+4%)
South Dakota$913 (+2.1%)
Wisconsin$1,250 (+2.8%)
Ohio$900 (0%)
Georgia$1,295 (+2.6%)
Oklahoma$850 (+0.6%)
California$1,995 (0%)
West Virginia$700 (-6.7%)
Wyoming$875 (+2.9%)
Oregon$1,340 (-0.7%)
Kansas$750 (+0.2%)
Colorado$1,332 (-3.1%)
Kentucky$850 (+0.6%)
Connecticut$1,695 (-0.3%)
Pennsylvania$1,224 (+0.7%)
Louisiana$995 (+4.7%)
Tennessee$1,050 (+4.3%)
Washington DC$2,296 (+2%)

Report Methodology

For the National Rent Report, ApartmentAdvisor analyzes rental listings available on our platform, sourced from multiple listing syndication partners. The set of 100 large cities highlighted in our report is primarily determined by overall population size, however we include some smaller cities with relatively high populations for the home state (e.g. Burlington, VT and Portland, ME) and we exclude some highly populated cities due to their proximity to other major cities (eg. Garland, Texas is not included due to its proximity to Dallas). We take all the unique apartments that were available for any amount of time during a time period, deduplicate them by unit type, and remove unreliable listings. We use a minimum threshold of units for cities to ensure that data is accurate. Luxury bias is removed by focusing on median figures instead of averages.

Top cities

Atlanta Apartments

1,873 apartments starting at $700/month

Austin Apartments

5,505 apartments starting at $550/month

Baltimore Apartments

1,465 apartments starting at $640/month

Boston Apartments

5,765 apartments starting at $425/month

Charlotte Apartments

3,197 apartments starting at $570/month

Chicago Apartments

6,458 apartments starting at $400/month

Dallas Apartments

5,443 apartments starting at $525/month

Fort Worth Apartments

2,613 apartments starting at $500/month

Houston Apartments

5,693 apartments starting at $450/month

Las Vegas Apartments

1,050 apartments starting at $600/month

Los Angeles Apartments

12,288 apartments starting at $690/month

Miami Apartments

931 apartments starting at $1,025/month

Milwaukee Apartments

1,138 apartments starting at $545/month

New York Apartments

9,263 apartments starting at $600/month

Oakland Apartments

944 apartments starting at $850/month

Orlando Apartments

921 apartments starting at $800/month

Philadelphia Apartments

3,669 apartments starting at $500/month

Phoenix Apartments

3,703 apartments starting at $650/month

Pittsburgh Apartments

1,402 apartments starting at $500/month

Portland Apartments

2,292 apartments starting at $575/month

Raleigh Apartments

1,500 apartments starting at $550/month

San Antonio Apartments

3,616 apartments starting at $480/month

San Diego Apartments

2,886 apartments starting at $650/month

San Francisco Apartments

653 apartments starting at $500/month

San Jose Apartments

515 apartments starting at $880/month

Seattle Apartments

3,487 apartments starting at $452/month

Tampa Apartments

875 apartments starting at $838/month

Washington DC Apartments

2,467 apartments starting at $800/month