What is the average rent in the United States?
$1,630/month
Average Rent
696 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
The average rent in the United States is $1,630/month. This is +0.6% higher than this time last year.
The states with the largest rent increases when compared to last year include North Dakota, Rhode Island, and Illinois. In North Dakota, rents are 4.0% higher. Rhode Island rent prices average around $1,835/month, which is an increase of 3.8%. In Illinois, renters pay an average of $1,663/month, which is an increase of 3.7%.
States with the lowest rent prices in the U.S. include Oklahoma, Arkansas, and Iowa. Oklahoma has a current average rent of $909/month, which is 1.1% higher than last year. Arkansas has an average rent of $956/month, with renters paying 1.7% more. Iowa rounds out the three states with the lowest rents, averaging around $961/month, which is 0% lower than last year.
Current National Averages
Average Rent by State
Rent by City
How much rent can I afford?
See how your city compares to other cities across the nation! Which are the most expensive or most affordable cities in America? How much apartment do you get for that amount? Once you've compared rent prices and availability, use the rent affordability calculator to help you determine how much you can afford to spend on rent.
Most Affordable Cities in the United States
Most Expensive Cities in the United States
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.