As we head into the slower moving season, the top 10 markets saw a relatively flat month with essentially no changes in the rankings. However on a year over year basis, San Francisco prices were down for both bedroom types while New York rents were both up, especially with two bedrooms where rent was up 8%.
Meanwhile, mid to low tiered cities saw more volatile changes as the cities experiencing the most upward and downward growth were located in these markets. #87 Bakersfield had the largest monthly growth rate, up 5.5%, while #84 Laredo saw the biggest rent dip, down 4.8%.
Overall, the national one and two bedroom rents both fell 0.3% last month to settle at medians of $1,237 and $1,480, respectively. On a year to date basis, one bedroom rent is up 2.5% and two bedroom rent is up 2.6%.
Top Five Rental Markets
1. San Francisco, CA one bedroom rent decreased 0.6% to $3,530, while two bedrooms dropped 1.7% to $4,670.
2. New York, NY saw one bedroom rent inch up 1% to $3,000 and two bedrooms grow 3.9% to $3,500.
3. Boston, MA remained 3rd with one bedroom rent increasing 0.8% to $2,530, while two bedrooms climbed 1% to $2,930.
4. Oakland, CA followed closely behind as 4th with one bedroom rent growing 0.8% to $2,500, while two bedrooms stayed flat at $3,000. Notably, one bedroom rent in this city was up 11.1% since this time last year.
5. San Jose, CA rounded off our top 5 markets with one bedroom rent taking a 0.4% dip to $2,450 and two bedrooms increasing 0.3% to $2,950.
Notable Changes This Month
Upward
–Bakersfield, CA one bedroom rent had the largest monthly growth rate in the nation, up 5.5% to settle at $770, which moved the city up 3 spots to rank as the 87th most expensive.
–Lincoln, NE shot up 2 positions to rank as 85th with one bedroom rent jumping 5.4% to $780.
–Des Moines, IA one bedroom rent climbed 5.4%, settling at $780, and up 2 spots to become the 85th most expensive market. Two bedroom rent had more modest growth, increasing 3.4% to $900.
–Indianapolis, IN was catapulted up 5 rankings to 80th with one bedroom rent growing 5.3% to $800. Two bedrooms, on the other hand, saw rent increase 2.2% to $910.
–Winston Salem, NC saw one bedroom rent move up 6 positions to become the 76th priciest with a 5.1% growth rate to $830. Two bedrooms increased 1.2% to $870.
Downward
–Laredo, TX one bedroom rent experienced an 8 ranking dip to 84th with one bedroom rent falling 4.8%, which was the largest monthly decline in the nation, to $790.
–Knoxville, TN moved down 4 spots to 76th with one bedroom rent decreasing 4.6% to $830 and two bedrooms dropping 4% to $950.
–Providence, RI fell 2 positions to become the 18th most expensive market with one bedroom rent declining 4.5% to $1,480.
–Baltimore, MD took a 7 ranking plunge to 43rd with one bedroom rent dropping 4.3% to $1,110. Two bedrooms were down a slight 0.7% to $1,400.
–Fort Worth, TX also fell 7 spots, settling at 45th, with one bedroom rent decreasing 4.3% to $1,100 and two bedrooms declining 3% to $1,290.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | San Francisco, CA | $3,530 | -0.60% | -2.50% | $4,670 | -1.70% | -1.10% |
| 2 | New York, NY | $3,000 | 1.00% | 5.30% | $3,500 | 3.90% | 8.00% |
| 3 | Boston, MA | $2,530 | 0.80% | 5.40% | $2,930 | 1.00% | 8.50% |
| 4 | Oakland, CA | $2,500 | 0.80% | 11.10% | $3,000 | 0.00% | 10.30% |
| 5 | San Jose, CA | $2,450 | -0.40% | -2.40% | $2,950 | 0.30% | -1.30% |
| 6 | Los Angeles, CA | $2,300 | 1.30% | -5.30% | $3,260 | 3.20% | 1.20% |
| 6 | Washington, DC | $2,300 | 0.00% | 6.00% | $2,930 | 5.00% | 8.10% |
| 8 | Seattle, WA | $1,880 | -0.50% | 0.50% | $2,300 | -3.80% | -8.40% |
| 9 | San Diego, CA | $1,830 | 1.70% | -3.20% | $2,380 | -0.80% | -5.60% |
| 10 | Miami, FL | $1,710 | -0.60% | -5.00% | $2,220 | -2.60% | -7.50% |
| 11 | Anaheim, CA | $1,660 | -3.50% | -1.80% | $2,060 | -1.90% | -3.70% |
| 12 | Santa Ana, CA | $1,620 | 0.00% | -14.30% | $2,040 | -4.20% | -8.10% |
| 13 | Honolulu, HI | $1,610 | -2.40% | -5.30% | $2,170 | 2.80% | -1.40% |
| 14 | Denver, CO | $1,600 | 1.30% | 6.00% | $1,990 | -0.50% | 2.60% |
| 14 | Fort Lauderdale, FL | $1,600 | 0.00% | 6.70% | $2,200 | 3.80% | 10.00% |
| 16 | Long Beach, CA | $1,550 | 0.60% | 0.00% | $2,000 | 0.00% | 1.50% |
| 17 | Philadelphia, PA | $1,500 | 0.00% | -2.00% | $1,680 | -1.20% | 0.00% |
| 18 | Providence, RI | $1,480 | -4.50% | 0.00% | $1,700 | 3.00% | 3.70% |
| 19 | Portland, OR | $1,470 | 2.80% | 8.90% | $1,750 | -1.10% | 6.70% |
| 20 | Chicago, IL | $1,450 | 1.40% | -3.30% | $1,780 | 1.70% | -3.80% |
| 21 | Atlanta, GA | $1,430 | 1.40% | -3.40% | $1,810 | 0.00% | 0.00% |
| 22 | Scottsdale, AZ | $1,410 | 0.70% | 7.60% | $1,980 | 0.50% | 1.00% |
| 23 | New Orleans, LA | $1,400 | 2.90% | 6.90% | $1,550 | -4.90% | 6.90% |
| 24 | Nashville, TN | $1,350 | 4.70% | 1.50% | $1,400 | -2.80% | 0.00% |
| 25 | Minneapolis, MN | $1,310 | 0.00% | -6.40% | $1,790 | -0.60% | -8.20% |
| 26 | Sacramento, CA | $1,300 | 0.00% | 0.00% | $1,500 | 3.40% | 3.40% |
| 27 | Newark, NJ | $1,280 | 0.80% | 14.30% | $1,580 | -1.90% | 15.30% |
| 28 | Austin, TX | $1,260 | 0.80% | 4.10% | $1,570 | 0.00% | 3.30% |
| 28 | Madison, WI | $1,260 | 5.00% | -1.60% | $1,330 | -5.00% | -11.30% |
| 30 | Gilbert, AZ | $1,250 | 0.00% | 14.70% | $1,480 | -1.30% | 8.00% |
| 31 | Orlando, FL | $1,240 | -3.90% | -3.10% | $1,390 | -1.40% | -6.10% |
| 32 | Chandler, AZ | $1,230 | 1.70% | 9.80% | $1,390 | -2.10% | 5.30% |
| 33 | Charlotte, NC | $1,220 | 0.00% | 5.20% | $1,300 | -4.40% | 0.00% |
| 34 | Pittsburgh, PA | $1,210 | 4.30% | 3.40% | $1,330 | -0.70% | -2.90% |
| 35 | Dallas, TX | $1,200 | -3.20% | -4.80% | $1,620 | -4.70% | -4.10% |
| 36 | Plano, TX | $1,190 | -0.80% | 3.50% | $1,600 | -0.60% | 4.60% |
| 37 | Buffalo, NY | $1,140 | 4.60% | 8.60% | $1,370 | 5.40% | 7.00% |
| 37 | Chesapeake, VA | $1,140 | 4.60% | 10.70% | $1,240 | -0.80% | 3.30% |
| 37 | Tampa, FL | $1,140 | 0.90% | -0.90% | $1,340 | 0.80% | -0.70% |
| 40 | Henderson, NV | $1,130 | 0.00% | 6.60% | $1,330 | -1.50% | 5.60% |
| 41 | Irving, TX | $1,120 | -1.80% | 0.90% | $1,430 | 0.00% | 2.90% |
| 41 | Milwaukee, WI | $1,120 | 4.70% | 13.10% | $1,170 | 4.50% | 9.30% |
| 43 | Baltimore, MD | $1,110 | -4.30% | -15.90% | $1,400 | -0.70% | -10.80% |
| 43 | Virginia Beach, VA | $1,110 | 3.70% | 8.80% | $1,230 | 0.80% | 2.50% |
| 45 | Aurora, CO | $1,100 | 1.90% | -4.30% | $1,400 | -4.10% | 0.00% |
| 45 | Durham, NC | $1,100 | 4.80% | -3.50% | $1,230 | 0.00% | 0.00% |
| 45 | Fort Worth, TX | $1,100 | -4.30% | 5.80% | $1,290 | -3.00% | 1.60% |
| 45 | St Petersburg, FL | $1,100 | 0.00% | 5.80% | $1,450 | -3.30% | -1.40% |
| 49 | Salt Lake City, UT | $1,090 | -0.90% | 5.80% | $1,340 | -2.20% | -7.60% |
| 50 | Houston, TX | $1,080 | 0.90% | -10.00% | $1,300 | -2.30% | -12.80% |
| 51 | Richmond, VA | $1,070 | -0.90% | 0.00% | $1,310 | 1.60% | 4.80% |
| 52 | Raleigh, NC | $1,020 | -1.00% | 2.00% | $1,190 | -0.80% | 1.70% |
| 53 | Phoenix, AZ | $1,010 | 0.00% | 6.30% | $1,250 | 0.00% | 4.20% |
| 54 | Reno, NV | $1,000 | 2.00% | 12.40% | $1,300 | -4.40% | 3.20% |
| 55 | Colorado Springs, CO | $990 | 3.10% | 8.80% | $1,210 | 0.80% | 11.00% |
| 56 | Boise, ID | $980 | 0.00% | 2.10% | $1,200 | 5.30% | 15.40% |
| 57 | Fresno, CA | $950 | 1.10% | -1.00% | $1,150 | 0.00% | 3.60% |
| 57 | Kansas City, MO | $950 | 0.00% | 2.20% | $1,070 | -3.60% | 0.00% |
| 59 | Rochester, NY | $940 | 2.20% | 14.60% | $1,090 | 0.90% | 11.20% |
| 60 | Cleveland, OH | $930 | 4.50% | 13.40% | $1,000 | 4.20% | 14.90% |
| 60 | Las Vegas, NV | $930 | -3.10% | 1.10% | $1,190 | -0.80% | 6.30% |
| 62 | Mesa, AZ | $910 | 1.10% | 5.80% | $1,180 | 0.90% | 14.60% |
| 63 | Anchorage, AK | $900 | 0.00% | 0.00% | $1,150 | 0.00% | 0.00% |
| 63 | Arlington, TX | $900 | 0.00% | 12.50% | $1,110 | -0.90% | 3.70% |
| 63 | Chattanooga, TN | $900 | 4.70% | 15.40% | $1,030 | 5.10% | 15.70% |
| 63 | Cincinnati, OH | $900 | 4.70% | 15.40% | $1,290 | 4.00% | 15.20% |
| 63 | Corpus Christi, TX | $900 | 1.10% | 0.00% | $1,100 | 3.80% | 1.90% |
| 63 | Jacksonville, FL | $900 | -3.20% | -10.90% | $1,060 | 2.90% | -3.60% |
| 63 | Louisville, KY | $900 | 1.10% | 2.30% | $970 | 0.00% | -4.90% |
| 63 | Norfolk, VA | $900 | 2.30% | 15.40% | $940 | -5.10% | 1.10% |
| 71 | San Antonio, TX | $890 | 0.00% | 2.30% | $1,110 | -1.80% | 0.90% |
| 71 | Syracuse, NY | $890 | -1.10% | 7.20% | $1,000 | -2.90% | 4.20% |
| 73 | Glendale, AZ | $870 | -2.20% | 14.50% | $1,060 | 0.00% | 12.80% |
| 74 | Memphis, TN | $850 | 4.90% | 13.30% | $890 | 3.50% | 11.30% |
| 75 | St Louis, MO | $840 | -3.40% | 10.50% | $1,110 | -2.60% | 4.70% |
| 76 | Knoxville, TN | $830 | -4.60% | 6.40% | $950 | -4.00% | 4.40% |
| 76 | Winston Salem, NC | $830 | 5.10% | 7.80% | $870 | 1.20% | 3.60% |
| 78 | Columbus, OH | $820 | 5.10% | 12.30% | $1,080 | 0.00% | 0.90% |
| 78 | Tallahassee, FL | $820 | -1.20% | 12.30% | $900 | 0.00% | 3.40% |
| 80 | Baton Rouge, LA | $800 | 0.00% | -3.60% | $890 | -3.30% | -4.30% |
| 80 | Indianapolis, IN | $800 | 5.30% | 15.90% | $910 | 2.20% | 9.60% |
| 80 | Omaha, NE | $800 | 0.00% | 0.00% | $1,000 | 0.00% | -3.80% |
| 80 | Spokane, WA | $800 | 0.00% | 6.70% | $1,000 | 0.00% | 6.40% |
| 84 | Laredo, TX | $790 | -4.80% | -9.20% | $950 | 3.30% | -3.10% |
| 85 | Des Moines, IA | $780 | 5.40% | -4.90% | $900 | 3.40% | -3.20% |
| 85 | Lincoln, NE | $780 | 5.40% | 13.00% | $950 | 0.00% | -2.10% |
| 87 | Augusta, GA | $770 | -1.30% | 8.50% | $850 | 0.00% | 4.90% |
| 87 | Bakersfield, CA | $770 | 5.50% | 8.50% | $900 | -1.10% | 0.00% |
| 89 | Oklahoma City, OK | $750 | 0.00% | 5.60% | $910 | -1.10% | 5.80% |
| 90 | Greensboro, NC | $730 | 0.00% | 2.80% | $850 | 1.20% | 3.70% |
| 91 | Lexington, KY | $710 | -4.10% | -5.30% | $950 | 0.00% | 0.00% |
| 92 | Albuquerque, NM | $700 | 0.00% | 6.10% | $830 | -2.40% | 0.00% |
| 93 | Tulsa, OK | $680 | 0.00% | 7.90% | $830 | 1.20% | 6.40% |
| 94 | Tucson, AZ | $670 | 0.00% | 4.70% | $880 | 0.00% | 7.30% |
| 94 | Wichita, KS | $670 | 4.70% | 11.70% | $760 | 0.00% | 0.00% |
| 96 | Detroit, MI | $660 | -1.50% | 13.80% | $780 | 2.60% | 14.70% |
| 97 | El Paso, TX | $650 | 1.60% | 1.60% | $780 | 0.00% | 1.30% |
| 98 | Shreveport, LA | $640 | 4.90% | 1.60% | $700 | 0.00% | 0.00% |
| 99 | Lubbock, TX | $630 | 0.00% | 0.00% | $750 | 0.00% | -2.60% |
| 100 | Akron, OH | $620 | 5.10% | 12.70% | $700 | 0.00% | 0.00% |
About
The Zumper National Rent Report analyzes 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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