Rents in the United States declined year-on-year for the first time in June 2023, after surging for two years in a row. In November 2021, rents soared by over 18 percent annually — the highest increase on record, and in August 2022, the average rental price reached an all-time high of over 1,440 U.S. dollars. Rental growth has since mellowed, with January 2025 recording a decline of about 0.5 percent from the same period one year ago. Despite the softening of the market, many states still experienced rising rents.
Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025
Adjust the presentation of the statistic and data points.
Share the statistic on social media channels or embed the statistic in your
website using "Embed Code", where available.
Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook.
Print the statistic including description and metadata.
Chart type
Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025
Share this statistic
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
Statista has been my savior on several occasions.
The site is easy to maneuver and the data is in a format that can
go right into a report or presentation.
Learn more about how Statista can support your business.
Apartment List. (January 28, 2025). Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025 [Graph]. In Statista. Retrieved March 12, 2025, from https://www.statista.com/statistics/1440289/average-annual-apartment-rent-change-usa/
Apartment List. "Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025 ." Chart. January 28, 2025. Statista. Accessed March 12, 2025. https://www.statista.com/statistics/1440289/average-annual-apartment-rent-change-usa/
Apartment List. (2025). Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025 . Statista. Statista Inc.. Accessed: March 12, 2025. https://www.statista.com/statistics/1440289/average-annual-apartment-rent-change-usa/
Apartment List. "Year-on-year Percentage Change in The Average Monthly Apartment Rent in The United States from January 2018 to January 2025 ." Statista, Statista Inc., 28 Jan 2025, https://www.statista.com/statistics/1440289/average-annual-apartment-rent-change-usa/
Apartment List, Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025 Statista, https://www.statista.com/statistics/1440289/average-annual-apartment-rent-change-usa/ (last visited March 12, 2025)
Year-on-year percentage change in the average monthly apartment rent in the United States from January 2018 to January 2025 [Graph], Apartment List, January 28, 2025. [Online]. Available: https://www.statista.com/statistics/1440289/average-annual-apartment-rent-change-usa/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
