In trend with seasonality, last month was particularly slow for rent growth throughout the nation as most cities saw flat monthly changes. On a year over year basis, the majority of large rent growths continued to be located in the mid to lower tiered markets. Meanwhile, the top 10 cities stayed relatively stable with the exception of Miami jumping back in as 10th, kicking Santa Ana out.
Overall, the national one bedroom median rent grew 0.4% to $1,217, while two bedrooms increased 0.1% to $1,440 last month. On a year to date basis, one bedroom rent is down 3.1%, while two bedrooms are up 3.7%.
Top Five Rental Markets
1. San Francisco, CA continued to reign as the most expensive city, though one bedroom rent decreased 1.7% to $3,500 and two bedroom rent dropped 1.5% to $4.650.
2. New York, NY held on steady as second with a fairly flat month. One bedroom rent remained flat at $2,750, while two bedrooms decreased 2.5% to $3,110.
3. San Jose, CA saw one bedroom rent increase a slight 0.4% to $2,490, while two bedrooms grew 3.4% to $3,000. On a year over year basis, however, one bedroom rent is up nearly 8%.
4. Boston, MA moved down one spot to become 4th with one bedroom rent falling 1.2% to $2,450 and two bedrooms staying stable at $2,700.
5. Los Angeles, CA was 5th with one bedroom prices increasing 0.4% to $2,420 and two bedroom rent growing 0.6% to $3,220.
Notable Changes This Month
Upward
–Indianapolis, IN moved up 7 spots to become the 81st priciest city and had the largest one bedroom rental growth rate in the nation, up 5.6% to $760.
–New Orleans, LA jumped up 2 positions to rank as the 20th most expensive with one bedroom rent growing 5.1% to $1,450.
–Detroit, MI saw a 5 ranking bump to 94th with one bedroom rent increasing 5% to $630. Two bedrooms had a slightly smaller growth rate, up 4.3% to $730.
–Providence, RI saw rent climb 4%, settling at $1,570, and up one position to become the 16th most expensive city. Two bedrooms had an even large growth rate, up 5.1% to $1,640.
–St. Louis, MO one bedroom rent, growing 3.8% to $830, took a 5 ranking bump to 70th.
Downward
-Santa Ana, CA fell out of the top 10 markets to become the 11th priciest city. One bedroom rent moved down 5.3% to $1,780, while two bedrooms stayed stable at $2,260.
–Philadelphia, PA took a 5 ranking plunge to become the 21st most expensive city. One bedroom rent decreased 5.3% to $1,440, while two bedrooms remained flat at $1,700.
–Honolulu, HI saw one bedroom rent fall 5.1%, settling at $1,690, and down 1 spot to rank as 12th.
–Houston, TX dropped 3 spots to rank as 33rd with one bedroom rent taking a 4.1% dip to $1,170. Two bedrooms had a more modest decline, down 2.7% to $1,450.
–Kansas City, MO moved down 3 positions to become the 60th priciest city. One bedroom rent decreased 4.2% to $910, while two bedrooms dropped 4.6% to $1,040.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | San Francisco, CA | $3,500 | -1.70% | 2.90% | $4,650 | -1.50% | 6.20% |
| 2 | New York, NY | $2,750 | 0.00% | -4.20% | $3,110 | -2.50% | -3.70% |
| 3 | San Jose, CA | $2,490 | 0.40% | 1.20% | $3,000 | 3.40% | 5.30% |
| 4 | Boston, MA | $2,450 | -1.20% | 8% | $2,700 | 0% | 0.00% |
| 5 | Los Angeles, CA | $2,420 | 0.40% | 5% | $3,220 | -1% | 0.60% |
| 6 | Oakland, CA | $2,350 | 0.00% | 9% | $3,000 | 5% | 15.40% |
| 7 | Washington, DC | $2,100 | -1.40% | -10% | $2,640 | 0% | -12.00% |
| 8 | San Diego, CA | $1,950 | 2.10% | 13% | $2,470 | -1% | 9.80% |
| 9 | Seattle, WA | $1,900 | 0.00% | 5% | $2,540 | 1% | 4.10% |
| 10 | Miami, FL | $1,800 | 2.30% | 3% | $2,400 | 0% | 0.00% |
| 11 | Santa Ana, CA | $1,780 | -5.30% | 16% | $2,260 | 0% | 14.10% |
| 12 | Honolulu, HI | $1,690 | -5.10% | -1% | $2,200 | 0% | -0.90% |
| 13 | Anaheim, CA | $1,650 | -0.60% | -2% | $2,190 | 0% | 5.80% |
| 14 | Fort Lauderdale, FL | $1,610 | 2.50% | 8% | $2,000 | -3% | 5.30% |
| 15 | Long Beach, CA | $1,600 | 0.00% | 7% | $2,100 | 5% | 7.70% |
| 16 | Providence, RI | $1,570 | 4.00% | 12% | $1,640 | 5% | 13.10% |
| 17 | Denver, CO | $1,530 | 1.30% | 12% | $1,950 | 1% | 7.70% |
| 18 | Chicago, IL | $1,500 | -0.70% | -5% | $1,850 | 1% | -15.10% |
| 19 | Atlanta, GA | $1,480 | 0.00% | 6% | $1,840 | 2% | 2.80% |
| 20 | New Orleans, LA | $1,450 | 5.10% | 11% | $1,530 | 5.5% | 10.1% |
| 21 | Philadelphia, PA | $1,440 | -5.30% | 2% | $1,700 | 0% | 9.70% |
| 22 | Minneapolis, MN | $1,400 | 0.00% | 10% | $1,900 | -1% | 9.80% |
| 23 | Scottsdale, AZ | $1,380 | 0.00% | 2% | $1,890 | -5% | -12.90% |
| 24 | Portland, OR | $1,360 | 0.70% | 2.30% | $1,650 | -0.60% | 5.80% |
| 25 | Baltimore, MD | $1,350 | 0.00% | 12.50% | $1,550 | 0.00% | 10.70% |
| 26 | Nashville, TN | $1,330 | 0.00% | 3.10% | $1,380 | -0.70% | 3.00% |
| 27 | Orlando, FL | $1,300 | 0.00% | 13.00% | $1,480 | -0.70% | 13.80% |
| 27 | Sacramento, CA | $1,300 | 0.00% | 8.30% | $1,450 | 0.00% | 10.70% |
| 29 | Dallas, TX | $1,250 | -0.80% | -3.10% | $1,680 | -0.60% | -2.30% |
| 30 | Madison, WI | $1,230 | 0.80% | -1.60% | $1,480 | -0.70% | 8.80% |
| 31 | Austin, TX | $1,220 | 1.70% | 2.50% | $1,500 | 0.00% | 2.00% |
| 32 | Aurora, CO | $1,200 | 2.60% | 13.20% | $1,450 | 2.80% | 9.00% |
| 33 | Houston, TX | $1,170 | -4.10% | -7.10% | $1,450 | -2.70% | -6.50% |
| 34 | Chandler, AZ | $1,150 | -0.90% | 7.50% | $1,350 | -0.70% | 12.50% |
| 34 | Newark, NJ | $1,150 | 0.00% | 15.00% | $1,350 | -0.70% | 12.50% |
| 34 | Pittsburgh, PA | $1,150 | 0.00% | 3.60% | $1,320 | 1.50% | 1.50% |
| 37 | Charlotte, NC | $1,140 | 0.00% | -2.60% | $1,300 | 0.00% | 4.00% |
| 38 | Irving, TX | $1,130 | 0.00% | -3.40% | $1,460 | 1.40% | 3.50% |
| 38 | St Petersburg, FL | $1,130 | 3.70% | 15.30% | $1,530 | -0.60% | 9.30% |
| 40 | Durham, NC | $1,110 | 0.00% | 12.10% | $1,270 | 3.30% | 15.50% |
| 40 | Gilbert, AZ | $1,110 | -1.80% | -3.50% | $1,320 | -2.20% | -1.50% |
| 40 | Plano, TX | $1,110 | 0.00% | -4.30% | $1,500 | 0.00% | 0.00% |
| 43 | Tampa, FL | $1,100 | -2.70% | 0.00% | $1,340 | 0.80% | 3.10% |
| 44 | Henderson, NV | $1,080 | 1.90% | 3.80% | $1,260 | 0.00% | 9.60% |
| 44 | Richmond, VA | $1,080 | 0.90% | 5.90% | $1,280 | 0.00% | 11.30% |
| 46 | Salt Lake City, UT | $1,070 | 0.00% | 9.20% | $1,430 | 0.00% | 12.60% |
| 47 | Fort Worth, TX | $1,060 | 1.00% | 7.10% | $1,230 | -1.60% | 1.70% |
| 48 | Virginia Beach, VA | $1,050 | 1.90% | -2.80% | $1,200 | -0.80% | 0.00% |
| 49 | Fresno, CA | $1,000 | 0.00% | 12.40% | $1,140 | -0.90% | 15.20% |
| 49 | Jacksonville, FL | $1,000 | 0.00% | 2.00% | $1,100 | 4.80% | 5.80% |
| 51 | Buffalo, NY | $990 | -2.90% | 15.10% | $1,180 | -4.80% | 15.70% |
| 51 | Chesapeake, VA | $990 | 0.00% | 10.00% | $1,220 | 1.70% | 2.50% |
| 51 | Las Vegas, NV | $990 | 2.10% | 15.10% | $1,150 | 0.90% | 15.00% |
| 51 | Raleigh, NC | $990 | 1.00% | 1.00% | $1,180 | 2.60% | 2.60% |
| 55 | Milwaukee, WI | $970 | 0.00% | 15.50% | $1,020 | -3.80% | 15.90% |
| 55 | Phoenix, AZ | $970 | 2.10% | 4.30% | $1,180 | -0.80% | 7.30% |
| 57 | Boise, ID | $960 | 0.00% | 15.70% | $1,090 | 4.80% | 14.70% |
| 57 | Reno, NV | $960 | 3.20% | 15.70% | $1,310 | 0.00% | 11.00% |
| 59 | Colorado Springs, CO | $940 | 3.30% | 6.80% | $1,140 | 0.00% | 9.60% |
| 60 | Kansas City, MO | $910 | -4.20% | 5.80% | $1,040 | -4.60% | 6.10% |
| 61 | Anchorage, AK | $900 | 0.00% | -3.20% | $1,100 | -0.90% | -3.50% |
| 61 | Syracuse, NY | $900 | 3.40% | -3.20% | $960 | 5.5% | -5.0% |
| 63 | San Antonio, TX | $890 | 1.10% | 4.70% | $1,140 | 2.70% | 7.50% |
| 64 | Corpus Christi, TX | $880 | -1.10% | -2.20% | $1,100 | 0.00% | 4.80% |
| 65 | Baton Rouge, LA | $860 | 2.40% | 2.40% | $970 | -1.00% | 7.80% |
| 65 | Des Moines, IA | $860 | 0.00% | 14.70% | $900 | 0.00% | 13.90% |
| 67 | Mesa, AZ | $850 | -1.20% | -3.40% | $1,010 | -1.00% | 6.30% |
| 68 | Louisville, KY | $840 | 0.00% | -7.70% | $1,000 | 0.00% | 5.30% |
| 68 | Rochester, NY | $840 | 0.00% | 15.10% | $980 | 0.00% | 10.10% |
| 70 | Laredo, TX | $830 | 0.00% | 15.30% | $950 | 0.00% | 5.60% |
| 70 | Omaha, NE | $830 | 0.00% | 1.20% | $1,070 | 0.00% | 12.60% |
| 70 | St Louis, MO | $830 | 3.80% | 15.30% | $1,140 | 2.70% | 14.00% |
| 73 | Arlington, TX | $820 | 0.00% | 13.90% | $1,090 | 0.00% | 14.70% |
| 73 | Glendale, AZ | $820 | 3.80% | 12.30% | $940 | -5.10% | 5.60% |
| 75 | Cleveland, OH | $810 | 0.00% | 12.50% | $870 | 0.00% | 14.50% |
| 76 | Knoxville, TN | $800 | -2.40% | 9.60% | $900 | 0.00% | 13.90% |
| 76 | Norfolk, VA | $800 | 0.00% | 14.30% | $1,000 | 5.30% | 13.60% |
| 78 | Chattanooga, TN | $780 | 0.00% | 5.40% | $890 | 0.00% | 14.10% |
| 78 | Cincinnati, OH | $780 | 0.00% | 9.90% | $1,120 | 0.00% | 10.90% |
| 78 | Winston Salem, NC | $780 | 0.00% | 13.00% | $840 | 0.00% | 13.50% |
| 81 | Indianapolis, IN | $760 | 5.60% | 15.20% | $810 | 0.00% | 14.10% |
| 81 | Lexington, KY | $760 | 1.30% | -3.80% | $970 | 4.30% | 4.30% |
| 81 | Tallahassee, FL | $760 | 2.70% | 15.20% | $880 | 0.00% | 14.30% |
| 84 | Augusta, GA | $750 | 1.40% | 15.40% | $810 | 1.30% | 8.00% |
| 84 | Memphis, TN | $750 | 0.00% | 13.60% | $810 | 2.50% | 14.10% |
| 84 | Oklahoma City, OK | $750 | 2.70% | 10.30% | $870 | 1.20% | 16.00% |
| 87 | Columbus, OH | $740 | -1.30% | 15.60% | $1,070 | 0.00% | 12.60% |
| 87 | Spokane, WA | $740 | -2.60% | 2.80% | $930 | -3.10% | 12.00% |
| 89 | Greensboro, NC | $720 | 2.90% | 9.10% | $830 | 1.20% | 7.80% |
| 90 | Bakersfield, CA | $700 | 0.00% | -7.90% | $890 | -1.10% | 4.70% |
| 90 | Lincoln, NE | $700 | 0.00% | 9.40% | $930 | -1.10% | 13.40% |
| 92 | Albuquerque, NM | $670 | 0.00% | 6.30% | $830 | -1.20% | 3.80% |
| 93 | Shreveport, LA | $640 | -1.50% | 14.30% | $700 | -4.10% | 14.80% |
| 94 | Detroit, MI | $630 | 5.00% | 10.50% | $730 | 4.30% | 12.30% |
| 94 | El Paso, TX | $630 | 0.00% | 0.00% | $770 | 0.00% | 4.10% |
| 94 | Lubbock, TX | $630 | 0.00% | 14.50% | $770 | 1.30% | 10.00% |
| 94 | Tucson, AZ | $630 | -1.60% | -8.70% | $820 | -1.20% | 2.50% |
| 94 | Tulsa, OK | $630 | 1.60% | 1.60% | $790 | 1.30% | 6.80% |
| 99 | Wichita, KS | $610 | 0.00% | 13.00% | $750 | 0.00% | 11.90% |
| 100 | Akron, OH | $540 | -1.80% | 0.00% | $740 | 1.40% | 8.80% |
About
The Zumper National Rent Report analyses rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population, providing a comprehensive view of the current state of the market. The report is based on all data available in the month prior to publication.
If you’re interested in a more in-depth explanation of how and why we calculate our rent data, view our methodology post.
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