ApartmentAdvisor National Rent Report

November 2024

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

This month’s report focuses on three key findings:

November rent prices are seeing the impacts of a winter chill.
Cities with cold-weather climates made up most of the rent increases.
Vermont saw the biggest monthly rent increase.

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 $1,527 in November 2024, 3.05% lower than the median national rent for October.

	Studio	1 Bed	2 Bed	3 Bed
Median Rent	$1,596	$1,527	$1,628	$1,950
1 Month Change	-1.5%	-3.1%	-2%	-2.3%
3 Month Change	-3%	-2.1%	-4.2%	-4.9%
1 Year Change	+8.3%	+4.4%	-2%	+1.4%

Median Rents

Studio$1,596 (-1.5%)

1 Bedroom$1,527 (-3.1%)

2 Bedrooms$1,628 (-2%)

3 Bedrooms$1,950 (-2.3%)

Rent Prices Over Time in the U.S.

Key Findings

National Overview: As expected, rent declined in much of the country in November.

In general, the colder months are less popular for signing leases. The weather can make touring unpleasant, and moving adds another stressor that most want to avoid during the holiday season. Plus, with all of the upfront payments, committing to a new apartment can be costly — another reason to put it off until after the gift-giving holidays are over. So, it’s common to see rent prices decline during this period of decreased demand.

In November, median rents declined for one-bedroom apartments in 47 cities and remained flat in 10. Rochester, NY (-6.4% MoM), San Francisco, CA (-5.1% MoM), and Tallahassee, FL (-3.9% MoM) saw the biggest declines.

Regional Deep Dive: Markets accustomed to cold weather are seeing less seasonal rent swings.

A wind chill isn’t enough to slow down renters in many cold-weather climates. While many markets saw seasonal rent declines continue in November, ironically, the markets that saw increases tended to be in regions with harsher winters.

For example, in Buffalo, NY average high temperatures decreased by 11 degrees over the course of November… But the median asking rent price for a one-bedroom apartment increased by 13% MoM when compared with October. It’s a similar story in Billings, MT (+7.9% MoM) and Cedar Rapids, IA (+7.1% MoM). Out of the 22 cities with monthly median rent increases higher than 1%, 12 are located in regions with less-than-mild winters.

Average Rent by City

Top 10 Most Expensive Cities to Rent an Apartment

1. New York, NY$3,300 (-0.7%)

2. San Francisco, CA$2,800 (-5.1%)

3. Boston, MA$2,800 (+0.5%)

4. Jersey City, NJ$2,744 (+10%)

5. Charleston, SC$2,370 (+3%)

6. Washington, DC$2,303 (-1.6%)

7. San Diego, CA$2,168 (-1.2%)

8. San Jose, CA$2,095 (-0.2%)

9. Los Angeles, CA$2,081 (-0.7%)

10. Miami, FL$2,045 (-1.5%)

Rank #	City	Median Rent	1 Month Change	Rank Change
1	New York, NY	$3,300	-0.7%	-
2	San Francisco, CA	$2,800	-5.1%	-
3	Boston, MA	$2,800	+0.5%	-
4	Jersey City, NJ	$2,744	+10%	-
5	Charleston, SC	$2,370	+3%	↑1
6	Washington, DC	$2,303	-1.6%	↓1
7	San Diego, CA	$2,168	-1.2%	-
8	San Jose, CA	$2,095	-0.2%	-
9	Los Angeles, CA	$2,081	-0.7%	-
10	Miami, FL	$2,045	-1.5%	-

Top 10 Least Expensive Cities to Rent an Apartment

1. Wichita, KS$675 (+3.5%)

2. El Paso, TX$750 (0%)

3. Toledo, OH$750 (-1%)

4. Akron, OH$750 (0%)

5. Cedar Rapids, IA$750 (+7.1%)

6. Lincoln, NE$775 (-1.3%)

7. Huntsville, AL$795 (+0.2%)

8. Baton Rouge, LA$798 (0%)

9. Fort Wayne, IN$830 (+0.6%)

10. Tulsa, OK$839 (-0.6%)

Rank #	City	Median Rent	1 Month Change	Rank Change
1	Wichita, KS	$675	+3.5%	-
2	El Paso, TX	$750	0%	↑1
3	Toledo, OH	$750	-1%	↑2
4	Akron, OH	$750	0%	-
5	Cedar Rapids, IA	$750	+7.1%	↓3
6	Lincoln, NE	$775	-1.3%	-
7	Huntsville, AL	$795	+0.2%	-
8	Baton Rouge, LA	$798	0%	-
9	Fort Wayne, IN	$830	+0.6%	-
10	Tulsa, OK	$839	-0.6%	-

Rent Prices in 100 Major Cities

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

New York, NY$3,300 (-0.7%)

Los Angeles, CA$2,081 (-0.7%)

Chicago, IL$1,977 (+1.4%)

Houston, TX$1,250 (-2%)

Phoenix, AZ$1,216 (-2.7%)

Philadelphia, PA$1,317 (+0.8%)

San Antonio, TX$950 (+1.3%)

San Diego, CA$2,168 (-1.2%)

Dallas, TX$1,296 (-0.2%)

San Jose, CA$2,095 (-0.2%)

Austin, TX$1,280 (-1.2%)

Jacksonville, FL$1,050 (-1.3%)

Fort Worth, TX$1,358 (-0.4%)

Columbus, OH$1,102 (+0.2%)

Charlotte, NC$1,522 (-1.8%)

San Francisco, CA$2,800 (-5.1%)

Indianapolis, IN$900 (+0.1%)

Seattle, WA$1,745 (-0.5%)

Denver, CO$1,510 (-2.6%)

Washington, DC$2,303 (-1.6%)

Boston, MA$2,800 (+0.5%)

El Paso, TX$750 (0%)

Nashville, TN$1,500 (0%)

Detroit, MI$1,037 (+1.2%)

Oklahoma City, OK$894 (+1.3%)

Portland, OR$1,395 (-1.3%)

Las Vegas, NV$1,143 (-1.5%)

Memphis, TN$908 (+6.8%)

Louisville, KY$850 (+0.4%)

Baltimore, MD$1,295 (+4.3%)

Milwaukee, WI$1,035 (+3.8%)

Albuquerque, NM$900 (+1.7%)

Tucson, AZ$896 (+0.3%)

Fresno, CA$1,308 (+1.8%)

Sacramento, CA$1,475 (+0.2%)

Atlanta, GA$1,587 (+2.4%)

Kansas City, MO$1,095 (-0.4%)

Colorado Springs, CO$995 (0%)

Omaha, NE$925 (0%)

Raleigh, NC$1,095 (0%)

Miami, FL$2,045 (-1.5%)

Virginia Beach, VA$1,439 (+0.5%)

Oakland, CA$1,800 (-2.7%)

Minneapolis, MN$1,020 (-0.4%)

Tulsa, OK$839 (-0.6%)

Tampa, FL$1,565 (-2.2%)

New Orleans, LA$1,225 (0%)

Wichita, KS$675 (+3.5%)

Cleveland, OH$875 (+2.9%)

Honolulu, HI$1,925 (-3.8%)

Riverside, CA$1,725 (-1.4%)

Corpus Christi, TX$903 (-1.5%)

Lexington, KY$894 (+2.2%)

St. Paul, MN$1,000 (-2.2%)

Cincinnati, OH$936 (-1.5%)

St. Louis, MO$850 (-1%)

Pittsburgh, PA$1,178 (-1.7%)

Greensboro, NC$845 (-3.4%)

Lincoln, NE$775 (-1.3%)

Anchorage, AK-

Orlando, FL$1,350 (-1.8%)

Newark, NJ-

Toledo, OH$750 (-1%)

Fort Wayne, IN$830 (+0.6%)

St. Petersburg, FL$1,550 (+2.8%)

Jersey City, NJ$2,744 (+10%)

Madison, WI$1,425 (0%)

Reno, NV$1,208 (-2.2%)

Buffalo, NY$1,100 (+13.3%)

Richmond, VA$1,247 (-0.2%)

Boise, ID$1,247 (-0.2%)

Spokane, WA$997 (-1.8%)

Baton Rouge, LA$798 (0%)

Des Moines, IA$903 (-0.3%)

Fayetteville, NC$860 (+1.2%)

Birmingham, AL$915 (-0.5%)

Rochester, NY$1,025 (-6.4%)

Grand Rapids, MI$1,170 (+2.5%)

Huntsville, AL$795 (+0.2%)

Salt Lake City, UT$1,165 (-0.9%)

Augusta, GA$875 (-1.8%)

Akron, OH$750 (0%)

Little Rock, AR$958 (-3.7%)

Tallahassee, FL$925 (-3.9%)

Sioux Falls, SD$850 (-3.7%)

Providence, RI$1,750 (0%)

Jackson, MS-

Savannah, GA$1,587 (-0.8%)

Charleston, SC$2,370 (+3%)

Cedar Rapids, IA$750 (+7.1%)

Fargo, ND$925 (+3.4%)

Hartford, CT$1,277 (+0.3%)

Ann Arbor, MI$1,544 (+5.2%)

Manchester, NH$1,505 (-0.4%)

Billings, MT$1,025 (+7.9%)

Wilmington, DE-

Portland, ME-

Cheyenne, WY-

Charleston, WV-

Burlington, VT-

City	Population	Median Rent	1 Month Change	1 Year Change
New York, NY	8,336,820	$3,300	-0.7%	-2.2%
Los Angeles, CA	3,979,580	$2,081	-0.7%	-3.1%
Chicago, IL	2,693,980	$1,977	+1.4%	+6.5%
Houston, TX	2,320,270	$1,250	-2%	-5.5%
Phoenix, AZ	1,680,990	$1,216	-2.7%	-9.3%
Philadelphia, PA	1,584,060	$1,317	+0.8%	+1.3%
San Antonio, TX	1,547,250	$950	+1.3%	-13.3%
San Diego, CA	1,423,850	$2,168	-1.2%	-3.6%
Dallas, TX	1,343,570	$1,296	-0.2%	-2.9%
San Jose, CA	1,021,800	$2,095	-0.2%	-3.7%
Austin, TX	978,908	$1,280	-1.2%	-5.6%
Jacksonville, FL	911,507	$1,050	-1.3%	-9.3%
Fort Worth, TX	909,585	$1,358	-0.4%	+4.4%
Columbus, OH	898,553	$1,102	+0.2%	+0.2%
Charlotte, NC	885,708	$1,522	-1.8%	+1.3%
San Francisco, CA	881,549	$2,800	-5.1%	0%
Indianapolis, IN	876,384	$900	+0.1%	-3.8%
Seattle, WA	753,675	$1,745	-0.5%	-1.7%
Denver, CO	727,211	$1,510	-2.6%	-2.2%
Washington, DC	705,749	$2,303	-1.6%	+1%
Boston, MA	692,600	$2,800	+0.5%	-5.7%
El Paso, TX	681,728	$750	0%	-7.7%
Nashville, TN	670,820	$1,500	0%	-0.1%
Detroit, MI	670,031	$1,037	+1.2%	+4.3%
Oklahoma City, OK	655,057	$894	+1.3%	-0.1%
Portland, OR	654,741	$1,395	-1.3%	-0.7%
Las Vegas, NV	651,319	$1,143	-1.5%	-4.5%
Memphis, TN	651,073	$908	+6.8%	+2.6%
Louisville, KY	617,638	$850	+0.4%	-2.9%
Baltimore, MD	593,490	$1,295	+4.3%	+3.6%
Milwaukee, WI	590,157	$1,035	+3.8%	+12.6%
Albuquerque, NM	560,513	$900	+1.7%	-1.3%
Tucson, AZ	548,073	$896	+0.3%	-4.6%
Fresno, CA	531,576	$1,308	+1.8%	+2.6%
Sacramento, CA	513,624	$1,475	+0.2%	-1.3%
Atlanta, GA	506,811	$1,587	+2.4%	-1.7%
Kansas City, MO	495,327	$1,095	-0.4%	+0.1%
Colorado Springs, CO	478,221	$995	0%	-9.1%
Omaha, NE	478,192	$925	0%	+5.7%
Raleigh, NC	474,069	$1,095	0%	-15.8%
Miami, FL	467,963	$2,045	-1.5%	-13%
Virginia Beach, VA	449,974	$1,439	+0.5%	-2.3%
Oakland, CA	433,031	$1,800	-2.7%	-9.7%
Minneapolis, MN	429,606	$1,020	-0.4%	-3.3%
Tulsa, OK	401,190	$839	-0.6%	-6.8%
Tampa, FL	399,700	$1,565	-2.2%	+0.6%
New Orleans, LA	390,144	$1,225	0%	-2.8%
Wichita, KS	389,938	$675	+3.5%	+3.8%
Cleveland, OH	381,009	$875	+2.9%	-7.9%
Honolulu, HI	345,064	$1,925	-3.8%	+6.9%
Riverside, CA	331,360	$1,725	-1.4%	-1.4%
Corpus Christi, TX	326,586	$903	-1.5%	-9.2%
Lexington, KY	323,152	$894	+2.2%	+5.2%
St. Paul, MN	308,096	$1,000	-2.2%	-0.9%
Cincinnati, OH	303,940	$936	-1.5%	-1%
St. Louis, MO	300,576	$850	-1%	+3%
Pittsburgh, PA	300,286	$1,178	-1.7%	+3.7%
Greensboro, NC	296,710	$845	-3.4%	-20.3%
Lincoln, NE	289,102	$775	-1.3%	-1.9%
Anchorage, AK	288,000	-	-	-
Orlando, FL	287,442	$1,350	-1.8%	-6.4%
Newark, NJ	282,011	-	-	-
Toledo, OH	272,779	$750	-1%	+14.9%
Fort Wayne, IN	270,402	$830	+0.6%	+4.9%
St. Petersburg, FL	265,351	$1,550	+2.8%	+6.9%
Jersey City, NJ	262,075	$2,744	+10%	-10.6%
Madison, WI	259,680	$1,425	0%	+3.4%
Reno, NV	255,601	$1,208	-2.2%	+0.6%
Buffalo, NY	255,284	$1,100	+13.3%	+4.8%
Richmond, VA	230,436	$1,247	-0.2%	-4.4%
Boise, ID	228,959	$1,247	-0.2%	-0.2%
Spokane, WA	222,081	$997	-1.8%	+0.2%
Baton Rouge, LA	220,236	$798	0%	+0.3%
Des Moines, IA	214,237	$903	-0.3%	+0.3%
Fayetteville, NC	211,657	$860	+1.2%	-4.6%
Birmingham, AL	209,403	$915	-0.5%	-15%
Rochester, NY	205,695	$1,025	-6.4%	+10.2%
Grand Rapids, MI	201,013	$1,170	+2.5%	-8.2%
Huntsville, AL	200,574	$795	+0.2%	-20.5%
Salt Lake City, UT	200,567	$1,165	-0.9%	-2.5%
Augusta, GA	197,888	$875	-1.8%	-4.1%
Akron, OH	197,597	$750	0%	0%
Little Rock, AR	197,312	$958	-3.7%	+12.7%
Tallahassee, FL	194,500	$925	-3.9%	-5.1%
Sioux Falls, SD	183,793	$850	-3.7%	-1.6%
Providence, RI	179,883	$1,750	0%	-4.1%
Jackson, MS	160,628	-	-	-
Savannah, GA	144,464	$1,587	-0.8%	+5.2%
Charleston, SC	137,566	$2,370	+3%	+19%
Cedar Rapids, IA	133,562	$750	+7.1%	+6.2%
Fargo, ND	124,662	$925	+3.4%	-1.6%
Hartford, CT	122,105	$1,277	+0.3%	+6.4%
Ann Arbor, MI	119,980	$1,544	+5.2%	-0%
Manchester, NH	112,673	$1,505	-0.4%	+0.3%
Billings, MT	109,577	$1,025	+7.9%	+7.9%
Wilmington, DE	70,166	-	-	-
Portland, ME	66,215	-	-	-
Cheyenne, WY	64,235	-	-	-
Charleston, WV	46,536	-	-	-
Burlington, VT	42,819	-	-	-

To download this data as a CSV, click .

Average Rent by State

Vermont saw the biggest MoM increase at the state level.

For a small rental market, the state of Vermont saw some pretty sizable rent hikes in November. Vermont is the second-least populated state in the US (following Wyoming), and competition can be steep for its limited rental housing supply. In November, the median asking rent for a one-bedroom apartment increased by almost 8% MoM when looking at the state level and almost 9% YoY. Much of this price increase is likely attributed to rising rents in its most populated area, the Greater Burlington region, where a stretched housing supply accommodates both permanent residents and students at the University of Vermont.

State	Median Rent	1 Month Change	1 Year Change
Delaware	-	-	-
Hawaii	$1,975	-1.3%	+9.7%
Texas	$1,100	-1.3%	-12%
Massachusetts	$2,423	+0.9%	-0.9%
Maryland	$1,377	-1.7%	-8.2%
Iowa	$850	+2.7%	+6.3%
Maine	$1,307	-4.6%	-6.7%
Idaho	$1,195	+2.1%	0%
Michigan	$1,050	+5%	+5%
Utah	$1,100	-0.9%	-7.9%
Minnesota	$1,075	-0%	-2.2%
Missouri	$850	-1.7%	+0.2%
Illinois	$1,780	+4.7%	+13%
Indiana	$899	-1.7%	-0.1%
Mississippi	$875	+6.4%	0%
Montana	$1,175	0%	+7.2%
Alaska	$1,250	-3.4%	+1.1%
Alabama	$875	+1.6%	-6.3%
Virginia	$1,395	-0.4%	-5.2%
Arkansas	$775	-3.1%	+5.4%
North Carolina	$1,100	0%	-13.6%
North Dakota	$865	+1.1%	+5.9%
Nebraska	$868	-0.8%	-0.6%
Rhode Island	$1,500	-5.9%	+0.6%
Arizona	$1,149	-0.1%	-10.6%
New Hampshire	$1,600	0%	+3.2%
New Jersey	$2,075	-2%	+2.6%
Vermont	$1,745	+7.6%	+8.6%
New Mexico	$895	+2.3%	-0.4%
Florida	$1,450	0%	-3.5%
Nevada	$1,175	-1.7%	-5.6%
Washington	$1,563	-2%	-2%
New York	$3,148	-1.6%	+16.2%
South Carolina	$1,175	+1.9%	-8.6%
South Dakota	$894	-0.7%	+3.1%
Wisconsin	$1,098	+4.6%	+9.8%
Ohio	$895	0%	-0.1%
Georgia	$1,286	+0.3%	-7.2%
Oklahoma	$825	-1.8%	-2.4%
California	$1,995	0%	-3.6%
West Virginia	-	-	-
Wyoming	-	-	-
Oregon	$1,325	-1.9%	-2.8%
Kansas	$700	+0%	-12%
Colorado	$1,325	-0.5%	-8.6%
Kentucky	$850	0%	0%
Connecticut	$1,598	-3.4%	+1.3%
Pennsylvania	$1,189	+1.2%	+3.9%
Louisiana	$850	0%	0%
Tennessee	$1,081	+4%	-6.8%
Washington DC	$2,303	-1.7%	+1%

Delaware-

Hawaii$1,975 (-1.3%)

Texas$1,100 (-1.3%)

Massachusetts$2,423 (+0.9%)

Maryland$1,377 (-1.7%)

Iowa$850 (+2.7%)

Maine$1,307 (-4.6%)

Idaho$1,195 (+2.1%)

Michigan$1,050 (+5%)

Utah$1,100 (-0.9%)

Minnesota$1,075 (-0%)

Missouri$850 (-1.7%)

Illinois$1,780 (+4.7%)

Indiana$899 (-1.7%)

Mississippi$875 (+6.4%)

Montana$1,175 (0%)

Alaska$1,250 (-3.4%)

Alabama$875 (+1.6%)

Virginia$1,395 (-0.4%)

Arkansas$775 (-3.1%)

North Carolina$1,100 (0%)

North Dakota$865 (+1.1%)

Nebraska$868 (-0.8%)

Rhode Island$1,500 (-5.9%)

Arizona$1,149 (-0.1%)

New Hampshire$1,600 (0%)

New Jersey$2,075 (-2%)

Vermont$1,745 (+7.6%)

New Mexico$895 (+2.3%)

Florida$1,450 (0%)

Nevada$1,175 (-1.7%)

Washington$1,563 (-2%)

New York$3,148 (-1.6%)

South Carolina$1,175 (+1.9%)

South Dakota$894 (-0.7%)

Wisconsin$1,098 (+4.6%)

Ohio$895 (0%)

Georgia$1,286 (+0.3%)

Oklahoma$825 (-1.8%)

California$1,995 (0%)

West Virginia-

Wyoming-

Oregon$1,325 (-1.9%)

Kansas$700 (+0%)

Colorado$1,325 (-0.5%)

Kentucky$850 (0%)

Connecticut$1,598 (-3.4%)

Pennsylvania$1,189 (+1.2%)

Louisiana$850 (0%)

Tennessee$1,081 (+4%)

Washington DC$2,303 (-1.7%)

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