Consumer price index for rent of primary residence in the U.S. 2000-2023
Residential rents in urban areas in the United States have grown faster than the general basket of products and services of the urban population. As of November 2023, the consumer price index (CPI) for rent of primary residences reached almost 409 index points, more than 100 index points more than the CPI for all items. The CPI measures the development of prices, with 1984 chosen as a base year. An index value of 400 indicates that rents have quadrupled since 1984.