ApartmentAdvisor National Rent Report

February 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. In most of the country, the February rent thaw has begun.
  2. In a few warm-weather markets like Albuquerque, there is little seasonality when it comes to price.
  3. A looming insurance crisis has driven Louisiana rents way up.
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 $1,550 in February 2025, 6.9% higher than the median national rent for January.

Median Rents


Studio$1,600 (+7.5%)
1 Bedroom$1,550 (+6.9%)
2 Bedrooms$1,626 (+2%)
3 Bedrooms$1,950 (+2.6%)

Rent Prices Over Time in the U.S.

Mar 09 2024Apr 21 2024Jun 02 2024Jul 13 2024Aug 23 2024Oct 05 2024Nov 17 2024Dec 30 2024Feb 26 2025$1,200$1,400$1,600$1,850

Key Findings

National Overview: It’s time for rent prices to start climbing again this year.

Rent is up in half the markets we track this month, and the national median rent price for a one-bedroom increased by 6.9% to $1,550.

As we reported last month, rent prices typically reach their all-time low in January and begin slowly climbing back up in February. This year is no exception, and renters in the market can expect to see asking rent prices start ticking up month after month until the end of the summer when demand will peak.

We did not see a strong regional trend as far as price increases in February, which affected cities across the country. The markets with the biggest rent growth were Columbus, OH (+11.7% MoM), Miami, FL (+10.8% MoM), Buffalo, NY (+9.4% MoM), Baton Rouge, LA (+9.1%), and Greensboro, NC (+9% MoM). 

Regional Deep Dive: In a few warm-weather markets, seasonality has

had little effect on price this year.

This month, we decided to look at the rental markets that offer a rare relief for renters: price stability. To do so, we analyzed MoM and YoY rent price changes over 2024 and 2025 so far.

Albuquerque, NM, Richmond, VA, Tucson, AZ, and Portland, OR had the least price fluctuation over that period of time.

Seasonality affects almost every rental market in the U.S. to some degree, but these warm-weather cities had the most price stable rental markets in the country this past year. And while each of these areas do experience a “wet season” or “monsoon season,” we did not see any strong rent swings as a result of them last year.

Albuquerque was the city with the least fluctuation; the largest MoM rent change in 2024 in was $15. Along with the rest of the country, Albuquerque rents spiked by about $200 in mid-2022 as a result of the pandemic, climbed through mid-2023, and then began to drop until eventually reaching a stable point in January 2024. It’s a similar story in Richmond, Portland, and nearby Tucson.


Average Rent by City

Top 10 Most Expensive Cities to Rent an Apartment

1. New York, NY$3,395 (-1.1%)
2. San Francisco, CA$2,995 (+3.5%)
3. Boston, MA$2,797 (+1.7%)
4. Jersey City, NJ$2,660 (-1.9%)
5. Washington, DC$2,250 (+3.5%)
6. Charleston, SC$2,197 (+3%)
7. San Diego, CA$2,195 (+0.2%)
8. Miami, FL$2,150 (+10.8%)
9. San Jose, CA$2,100 (+0.2%)
10. Los Angeles, CA$2,095 (0%)

Top 10 Least Expensive Cities to Rent an Apartment

1. Wichita, KS$650 (0%)
2. Toledo, OH$693 (-0.4%)
3. Cedar Rapids, IA$719 (-3.6%)
4. Lincoln, NE$775 (-1.7%)
5. Akron, OH$775 (0%)
6. El Paso, TX$790 (+5.3%)
7. Fort Wayne, IN$795 (+0.4%)
8. Huntsville, AL$803 (-4.3%)
9. Lexington, KY$825 (-2.7%)
10. Cleveland, OH$842 (-0.9%)

Rent Prices in 100 Major Cities

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

New York, NY$3,395 (+2.9%)
Los Angeles, CA$2,095 (0%)
Chicago, IL$2,025 (+1.2%)
Houston, TX$1,287 (-0.9%)
Phoenix, AZ$1,249 (+4.1%)
Philadelphia, PA$1,325 (-0.7%)
San Antonio, TX$925 (+0.1%)
San Diego, CA$2,195 (+0.2%)
Dallas, TX$1,369 (+5.3%)
San Jose, CA$2,100 (+0.2%)
Austin, TX$1,403 (+7.9%)
Jacksonville, FL$1,054 (+3.3%)
Fort Worth, TX$1,350 (+1.8%)
Columbus, OH$1,229 (+11.7%)
Charlotte, NC$1,518 (-1.8%)
San Francisco, CA$2,995 (+3.5%)
Indianapolis, IN$899 (-0.1%)
Seattle, WA$1,800 (+1.4%)
Denver, CO$1,550 (+4.4%)
Washington, DC$2,250 (+3.5%)
Boston, MA$2,797 (+1.7%)
El Paso, TX$790 (+5.3%)
Nashville, TN$1,349 (-0.1%)
Detroit, MI$938 (-1.9%)
Oklahoma City, OK$875 (-1.4%)
Portland, OR$1,419 (+1.2%)
Las Vegas, NV$1,147 (-0.8%)
Memphis, TN$890 (-1.1%)
Louisville, KY$850 (+0.6%)
Baltimore, MD$1,250 (-2%)
Milwaukee, WI$981 (-1.5%)
Albuquerque, NM$883 (+0.4%)
Tucson, AZ$899 (-0.1%)
Fresno, CA$1,275 (-1.3%)
Sacramento, CA$1,496 (+0.3%)
Atlanta, GA$1,568 (-0.5%)
Kansas City, MO$1,050 (0%)
Colorado Springs, CO$995 (-0.2%)
Omaha, NE$900 (-4.5%)
Raleigh, NC$1,129 (-0.7%)
Miami, FL$2,150 (+10.8%)
Virginia Beach, VA$1,414 (-10%)
Oakland, CA$1,895 (0%)
Minneapolis, MN$1,050 (-2.6%)
Tulsa, OK$895 (+4.9%)
Tampa, FL$1,550 (-6.1%)
New Orleans, LA$1,338 (+2.9%)
Wichita, KS$650 (0%)
Cleveland, OH$842 (-0.9%)
Honolulu, HI$1,850 (+2.8%)
Riverside, CA$1,795 (+5.7%)
Corpus Christi, TX$987 (+7.4%)
Lexington, KY$825 (-2.7%)
St. Paul, MN$1,029 (-1.5%)
Cincinnati, OH$970 (+2.9%)
St. Louis, MO$850 (-2.2%)
Pittsburgh, PA$1,200 (+0.9%)
Greensboro, NC$921 (+9%)
Lincoln, NE$775 (-1.7%)
Anchorage, AK-
Orlando, FL$1,322 (-2%)
Newark, NJ-
Toledo, OH$693 (-0.4%)
Fort Wayne, IN$795 (+0.4%)
St. Petersburg, FL$1,538 (-2.9%)
Jersey City, NJ$2,660 (-8.5%)
Madison, WI$1,495 (+2.3%)
Reno, NV$1,175 (-1.7%)
Buffalo, NY$1,195 (+9.4%)
Richmond, VA$1,250 (+1%)
Boise, ID$1,312 (+1.8%)
Spokane, WA$1,037 (+2.2%)
Baton Rouge, LA$900 (+9.1%)
Des Moines, IA$925 (-0.2%)
Fayetteville, NC$884 (-0.1%)
Birmingham, AL$902 (+0.8%)
Rochester, NY$1,145 (+3.2%)
Grand Rapids, MI$1,213 (+1.5%)
Huntsville, AL$803 (-4.3%)
Salt Lake City, UT$1,195 (+4.6%)
Augusta, GA$869 (-1.3%)
Akron, OH$775 (0%)
Little Rock, AR$925 (0%)
Tallahassee, FL$950 (+5.6%)
Sioux Falls, SD$875 (-1.7%)
Providence, RI-
Jackson, MS-
Savannah, GA$1,620 (-1.5%)
Charleston, SC$2,197 (+3%)
Cedar Rapids, IA$719 (-3.6%)
Fargo, ND$992 (+1.7%)
Hartford, CT$1,250 (-1.2%)
Ann Arbor, MI$1,600 (-2.9%)
Manchester, NH$1,575 (+5.4%)
Billings, MT-
Wilmington, DE-
Portland, ME-
Cheyenne, WY-
Charleston, WV-
Burlington, VT-

To download this data as a CSV, click .


Average Rent by State

Louisiana saw the biggest MoM and YoY rent increase in February

Rental prices in Louisiana have been skyrocketing, showing an increase of 15.8% month-over-month and 20.6% year-over-year in February. One potential reason is the rising cost of property insurance. Louisiana has been facing a historic insurance crisis for years as a result of multiple devastating hurricanes. Insurance companies are becoming insolvent, leaving the state, or raising prices dramatically — and property owners, as well as their tenants, are facing the consequences. As insurance premiums double or, in some cases, triple, many renters are eating the costs on behalf of their landlords in housing markets like New Orleans and Baton Rouge.

Delaware-
Hawaii$1,900 (+0.3%)
Texas$1,099 (-1%)
Massachusetts$2,488 (+1.5%)
Maryland$1,395 (0%)
Iowa$872 (+2%)
Maine$1,350 (-6.7%)
Idaho$1,250 (+6.8%)
Michigan$1,000 (-2.5%)
Utah$1,095 (-0.5%)
Minnesota$1,100 (-0.8%)
Missouri$875 (+2.9%)
Illinois$1,777 (+3%)
Indiana$900 (+2.9%)
Mississippi$942 (+10.8%)
Montana$1,175 (+1.8%)
Alaska$1,250 (-2%)
Alabama$875 (0%)
Virginia$1,345 (-0.3%)
Arkansas$775 (+0.9%)
North Carolina$1,103 (+0.2%)
North Dakota$948 (+8.5%)
Nebraska$855 (-1.9%)
Rhode Island$1,548 (+5.7%)
Arizona$1,150 (+3.5%)
New Hampshire$1,615 (+2.6%)
New Jersey$2,073 (+1.8%)
Vermont$1,610 (-6.6%)
New Mexico$900 (+1.5%)
Florida$1,431 (+0.4%)
Nevada$1,150 (-3.8%)
Washington$1,580 (-0.3%)
New York$3,200 (-2.2%)
South Carolina$1,150 (0%)
South Dakota$900 (+0.6%)
Wisconsin$1,175 (+4.9%)
Ohio$895 (+0.6%)
Georgia$1,250 (-0.1%)
Oklahoma$849 (+2.9%)
California$1,995 (0%)
West Virginia-
Wyoming-
Oregon$1,350 (0%)
Kansas$749 (+6.6%)
Colorado$1,350 (+2.4%)
Kentucky$829 (-1.7%)
Connecticut$1,700 (+9.7%)
Pennsylvania$1,200 (+2.1%)
Louisiana$958 (+15.8%)
Tennessee$1,000 (-4.3%)
Washington DC$2,250 (+3.4%)

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

2,026 apartments starting at $650/month

Austin Apartments

7,383 apartments starting at $600/month

Baltimore Apartments

1,479 apartments starting at $600/month

Boston Apartments

5,713 apartments starting at $1,100/month

Charlotte Apartments

3,087 apartments starting at $570/month

Chicago Apartments

5,269 apartments starting at $600/month

Dallas Apartments

5,580 apartments starting at $650/month

Fort Worth Apartments

2,738 apartments starting at $695/month

Houston Apartments

5,458 apartments starting at $500/month

Las Vegas Apartments

1,000 apartments starting at $695/month

Los Angeles Apartments

11,888 apartments starting at $750/month

Miami Apartments

535 apartments starting at $975/month

Milwaukee Apartments

1,164 apartments starting at $475/month

New York Apartments

8,735 apartments starting at $800/month

Oakland Apartments

816 apartments starting at $795/month

Orlando Apartments

886 apartments starting at $895/month

Philadelphia Apartments

3,515 apartments starting at $525/month

Phoenix Apartments

3,336 apartments starting at $691/month

Pittsburgh Apartments

1,368 apartments starting at $700/month

Portland Apartments

2,315 apartments starting at $495/month

Raleigh Apartments

1,666 apartments starting at $595/month

San Antonio Apartments

4,277 apartments starting at $500/month

San Diego Apartments

2,773 apartments starting at $650/month

San Francisco Apartments

727 apartments starting at $500/month

San Jose Apartments

446 apartments starting at $750/month

Seattle Apartments

3,546 apartments starting at $452/month

Tampa Apartments

792 apartments starting at $863/month

Washington DC Apartments

2,104 apartments starting at $900/month