ApartmentAdvisor National Rent Report
April 2025
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
- Rent prices have finally stabilized after COVID, but it may not last.
- Rent is flat or down month-over-month in most of the top 10 most expensive markets.
- Rent has been consistently flat or down month-over-month and year-over-year in Utah since last April.
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
Rent Prices Over Time in the U.S.
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
Top 10 Least Expensive Cities to Rent an Apartment
Rent Prices in 100 Major Cities
This table shows median rent data for 100 major cities in the US.
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.
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