Zumper’s November National Rent Report showed another month of little to no change in the top 10 markets. Similar to October’s report, Honolulu was the only city in the priciest markets that saw any movement. A look into the year over year rent growth numbers, though, show that cities in the lower half, ranked 50-100, had the most drastic rent changes, either positive or negative that were over 10%.
Overall, the national one bedroom rent dropped 1.4% to $1,175, while two bedrooms decreased a slight 0.7% to $1,391. Check out the data below to see how rent has changed in your city.
Top Five Rental Markets
1. San Francisco, CA prices had a fairly flat month with one bedrooms dropping 1.7% to $3,420 and two bedrooms staying stable at $4,500. However, this city did remain the most expensive to rent and was over $500 pricier than New York City.
2. New York, NY saw a small uplift in rent with one bedrooms climbing 2.5% to $2,870 and two bedrooms increasing 3.2% to $3,200. Although trending positively last month, two bedroom rent is down over 7% from this time last year.
3. San Jose, CA stayed the third most expensive with one bedroom prices falling 1.3% to $2,360 and two bedrooms decreasing 1.1% to $2,730.
4. Washington, DC one bedroom rent grew 1.3% to $2,360, while two bedrooms dropped 1.3% to $3,140. Though prices were fairly flat this month, on a year over year basis, two bedroom rent is up 11.3%.
5. Boston, MA was the fifth priciest city with one and two bedroom rent staying at $2,200 and $2,610, respectively.
Notable Changes This Month
Upward
–Denver, CO jumped up four spots to become the 16th most expensive city to rent. One bedroom prices grew 3.7% to $1,390, while two bedrooms fell 2.8% to $1,750. On a year over year basis, one bedroom rent is up over 10%.
–New Orleans, LA bumped up one spot last month, now ranking as the 21st priciest city. One bedroom rent grew 4.8% to $1,310, while two bedrooms had a slight dip in price, falling 1.3% to $1,480.
–Houston, TX rents for both bedroom types increased over 4%, settling at $1,200 for one bedrooms and $1,500 for two bedrooms. This growth in prices moved Houston up three spots in the rankings to become the 26th most expensive city.
–Orlando, FL climbed five spots to rank as 28th, now ahead of Sacramento, Irving, and Plano. One bedroom rent jumped a whopping 5.4% to $1,170, while two bedrooms had more moderate growth, up 1.6% to $1,290.
–Syracuse, NY moved up four spots to become the 47th priciest city with one bedroom rent up 4.6% to $910 and two bedrooms climbing 5.6% to $950. The year over year trend for one bedrooms was also trending positively, up 9.6%.
Downward
–Honolulu, HI took a dip in the rankings, falling one spot and behind Miami to become the 10th most expensive city. One bedroom rent fell 3.9% to $1,730 while two bedroom prices saw an even bigger drop, down 4.9% to $2,120.
–Dallas, TX fell four spots this month, now ranking as 20th. Though both bedroom types were down last month, one bedroom rent fell 2.9% to $1,340 and two bedrooms decreased 1.1% to $1,800, prices in this city are up over 10% on a year over year basis.
–Pittsburgh, PA saw one bedroom rent drop 4.7%, now priced at $1,230, and two spots, making it the 23rd most expensive city in the nation.
–Baltimore, MD, similar to Dallas, moved down four spots, now ranking as 28th. Both one and two bedroom rents fell 4.9%, with one bedrooms settling at $1,170 and two bedrooms at $1,360.
–Irving, TX one bedroom rent dropped 3.4% to $1,120, falling 3 spots in the rankings to settle at 31st.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Denver | $1,410 | 1.40% | 15.60% | $1,810 | 3.40% | 13.10% |
| 2 | Broomfield | $1,380 | -2.10% | 4.50% | $1,780 | 1.70% | 14.80% |
| 3 | Centennial | $1,310 | 4.80% | 2.30% | $1,700 | -1.70% | 6.30% |
| 4 | Parker | $1,300 | 4.00% | 10.20% | $1,490 | 0.70% | 3.50% |
| 5 | Lakewood | $1,260 | 5.00% | 14.50% | $1,430 | 4.40% | 14.40% |
| 6 | Littleton | $1,250 | 5.00% | 11.60% | $1,480 | -5.10% | 8.00% |
| 7 | Castle Rock | $1,200 | 3.40% | 15.40% | $1,480 | 0.70% | 7.20% |
| 8 | Thornton | $1,140 | 0.90% | 3.60% | $1,310 | -5.10% | 3.10% |
| 8 | Westminster | $1,140 | 4.60% | 0.00% | $1,300 | 0.80% | -8.50% |
| 10 | Arvada | $1,050 | 5.00% | 8.20% | $1,300 | 0.00% | 9.20% |
| 10 | Aurora | $1,050 | 5.00% | 7.10% | $1,320 | -2.20% | 4.80% |
| 10 | Northglenn | $1,050 | 1.90% | 1.00% | $1,250 | -2.30% | -2.30% |
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 here.
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