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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NLIHC. (June 27, 2024). Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2024 (in U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC. "Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2024 (in U.S. dollars)." Chart. June 27, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC. (2024). Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2024 (in U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC. "Fair Market Rent for One- and Two-bedroom Rental Units in The United States from 2020 to 2024 (in U.S. Dollars)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC, Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2024 (in U.S. dollars) Statista, https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/ (last visited August 25, 2024)
Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2024 (in U.S. dollars) [Graph], NLIHC, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/