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)

CharacteristicTwo-bedroom FMROne-bedroom FMR
2024 1,670 1,390
2023 1,486 1,231
2022 1,342 1,105
2021 1,295 1,061
2020 1,246 1,017
Showing entries 1 to 5 (5 entries in total)
Created with Highcharts 7.2.2FMR in U.S. dollars1,2461,2461,2951,2951,3421,3421,4861,4861,6701,6701,0171,0171,0611,0611,1051,1051,2311,2311,3901,390Two-bedroom FMROne-bedroom FMR20202021202220232024
1,0001,1001,2001,3001,4001,5001,6001,7001,800

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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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