FMR for one- and two-bedroom units in the U.S. 2020-2024

Published by Statista Research Department, Aug 23, 2024

In 2024, the average Fair Market Rent for a two-bedroom rental home in the United States was 1,670 U.S. dollars per month while that of a one-bedroom rental home was 1,390 U.S. dollars per month. This rent level was unaffordable for the average household with one full-time worker earning the federal minimum wage in that year.

Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2024 (in U.S. dollars)

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Release date

June 2024

Region

United States

Survey time period

2020 to 2024

Supplementary notes

FMR = Fair Market Rent.

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