Average Rent by Year

Last Updated: March 29, 2025

Highlights. The average monthly rent in the U.S. in 2024 was $1,535, up 5.11% year-over-year (YoY).

• If trends continue, the average renter will pay $19,801 in 2025 ($1,650/month).
• The Fair Market Rent (FMR) for 2025^* is $1,671 per month for a 2-bedroom apartment (2BR); for a one-bedroom (1BR), FMR is $1,393.
• 2023 had the largest YoY average rent increase (8.85%) since 1921 (12.3%). 
• Annual rent per square foot in 2025 is an estimated $27.67//ft², up 47.3% from 2020 ($18.79/ft²).

^*For FMR, the date refers to that federal fiscal year (FY), which generally starts on October 1 of the previous year.

21st Century Rent by Year

Year	Average Monthly Rent	Average Annual Change
2025	$1,650	7.52%
2024	$1,535	5.11%
2023	$1,448	7.95%
2022	$1,341	6.03%
2021	$1,265	6.76%
2020	$1,185	3.12%
2019	$1,149	3.62%
2018	$1,109	3.81%
2017	$1,068	3.77%
2016	$1,029	3.57%
2015	$994	3.15%
2014	$963	2.83%
2013	$937	2.65%
2012	$913	1.71%
2011	$897	0.23%
2010	$895	2.28%
2009	$875	3.66%
2008	$845	4.26%
2007	$810	3.57%
2006	$782	2.99%
2005	$759	2.68%
2004	$740	2.93%
2003	$719	3.93%
2002	$691	4.45%
2001	$662	3.63%
2000	$639	3.14%

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Average Rent by Year

Unless noted otherwise, average rent is based on mean rent collected by the U.S. Census and the inflation of rent of primary residence as charted by the Federal Reserve.

• As of early 2025, the nationwide average rent is up 4.09% YoY.
• From 2020 to 2024, rent prices increased with an average annual growth rate (AAGR) of 5.97%.
• According to Zillow’s methodology, average monthly rent in the U.S. is $2,075 as of March 2025.
• For a 2BR apartment, Zillow calculates the average rent is $1,876, equivalent to 112.3% of FMR.
• In 1920, the average rent increased by a record 18.83%.
• 1933 saw the largest YoY decline in average rent (-13.42%).

Median Rent by Year

More entities track median rents, most likely because it is easier to find the mid-point of a range than it is to find the true average of a set. The median rent is not equivalent to the price the average renter pays.

• U.S. median rent is estimated to be a minimum $1,353.
• New apartments have a median asking rent of $1,760 as of 2023 according to Harvard University’s Joint Center for Housing Studies
• The median rent was $1,200 in 2023 according to the U.S. Census Bureau’s American Housing Survey.
• The Census also reports a median rent of $1,406 in 2023 for communities of 65,000 and larger.
• The 1970s saw the most dramatic growth of the nationwide median gross rent, with a CAGR of 8.45% for the decade.

Average Rent per Square Foot by Year

The average apartment size changes as home construction trends shift, so the change in price per square foot doesn’t necessarily match the annual growth rate of the average rent.

• In 2024, the average annual rent per square foot increased by an estimated 5.59%; the average monthly rent, meanwhile, increased 5.11%.
• From 2003 to 2023, the average rent per square foot increased at an average annual rate of 3.80%.
• The average rent per square foot grew 15.3% (a 21^st century record) between 2020 ($18.79/ft²) and 2021 ($21.67/ft²).
• Compared to the change in average rent from 2020 to 2021 (6.76%), rent per square foot saw a 126% higher increase.

Average Rent per Square Foot

Year	Annual Rent per Ft2	Annual Growth
2025**	$27.67	5.61%
2024**	$26.21	5.59%
2023**	$24.82	5.42%
2022	$23.54	8.63%
2021	$21.67	15.33%
2020	$18.79	-1.00%
2019	$18.98	3.94%
2018	$18.26	4.82%
2017	$17.42	3.75%
2016	$16.79	3.51%
2015	$16.22	6.08%
2014	$15.29	5.45%
2013	$14.50	3.72%
2012	$13.98	2.95%
2011	$13.58	4.22%
2010	$13.03	3.49%
2009	$12.59	-4.98%
2008	$13.25	-0.45%
2007	$13.31	2.78%
2006	$12.95	4.44%
2005	$12.40	5.08%
2004	$11.80	1.90%
2003	$11.58	0.61%

^**Estimates based on recent trends.

Rent vs. Income by Year

Housing and amenities have changed so much over decades that it makes gauging rental inflation difficult. Ratios of rent-to-income (RTI), however, indicates rent prices are rising at a faster rate than renter incomes.

• Since 1980, U.S. rent prices have averaged a compound annual growth rate (CAGR) of 3.94%; wages have increased at a 4.09% average annual rate.
• The median RTI in 2024 was 27.81% (assuming a median full-time wage of $1,159/week).
• Assuming a median-rent-to-median-income ratio, the median RTI has increased 5.22% since 2010 (26.43% RTI) and 2024.
• A full-time employed male making a median weekly wage of $1,261 and paying median rent has a 25.56% median RTI.
• The median RTI for males has increased 6.77% since 2010 (23.94% RTI).
• Female full-time wage-earners make a weekly median $1,043; with a median rent, that’s a 30.91% RTI.
• The median RTI for females has increased 4.92% since 2010 (29.46% RTI).
• 22.4 million renting households spend more than 30% of their income on rent and utilities.

Fair Market Rent by Year

The U.S. Department of Housing and Urban Development (HUD) defines the Fair Market Rent (FMR). Categorized by the number of bedrooms, the FMR is the 40^th percentile of actual rent prices (meaning it is lower than the true average rent).

• In 2025, the nationwide 2BR FMR increases by $1.00 (0.06%); the 1BR FMR increases 0.22%.
• For an efficiency apartment, the nationwide 2025 FMR is $1,286.
• 2025 FMR for 3BR and 4BR apartments are $2,161 and $2,492, respectively.
• From 2023 to 2024, the 2BR FMR increased 12.4%.
• For a 1BR in 2024, the fair market rent is $1,390.
• From 2023 to 2024, the 1BR FMR increased 12.9%.

Rent by State & Year

Southern states historically have the lowest rental rates. Alaska and Hawaii have had the highest rates since they became states in the mid-20th Century.

• For 2025, Hawaii has the highest 2BR FMR at $2,531.
• Hawaii also has the most expensive 3BRs ($3,493) and 4BRs ($4,138) for 2025.
• The District of Columbia has the highest 1BR FMR at $2,056.
• D.C. also has the most expensive efficiency apartments ($2,012) for 2025.
• For 2024, California has the highest 2BR FMR at $2,464.
• New York has the highest 1BR FMR at $2,036.
• The lowest 2BR FMR in 2025 is $797 in West Virginia (excluding Puerto Rico, which is $602).
• The three lowest 1BR FMRs are in the U.S. territories of Puerto Rico ($524), Northern Mariana Islands ($759), and American Samoa ($771).
• South Dakota has the lowest 2025 1BR FMR among states ($792).
• For 2024, North Dakota has the lowest 2BR FMR at $956 (excluding Puerto Rico).
• West Virginia has the lowest 1BR FMR at $781 (excluding Puerto Rico, which is $526).
• Hawaii has the greatest difference between 1BR and 2BR FMR (30.3% or $539).
• From 2023 to 2024, Rhode Island’s 2BR FMR increased the most (19.5%) while North Dakota’s 2BR FMR had the lowest rate of increase (3.35%).
• Compared to median gross rents in 1940, Florida rents have increased more than any other state, inflating 11,744%.
• Since 1960, Hawaii has seen the largest increase between its median gross rent and 2BR FMR (3,415%).

Alabama Rent by Year

An average apartment in Alabama rents for $1,445 in 2025; a 2BR rents for $1,100.

• 2025 FMR for a 2BR in Alabama is $1,063; a 1BR is $897.
• Compared to the 2025 national average 2BR FMR, Alabama apartments are 36.4% less expensive.
• The 2BR FMR in Alabama declines 2.12% for 2025 following a 15.0% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Alabama is more than 87 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.31 times higher.
• In 2022, 76.8% of leased homes in Alabama rented for less than $1,000 per month; 38.9% rented for less than $600.
• 2.08% of Alabama rentals leased for $2,000 or more.

Alabama Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,063	$837
2024	$1,086	$894
2023	$943	$801
2022	$849	$751
2020	$807	$807
2000	$447	$688
1990	$325	$639
1980	$188	$573
1970	$69	$408
1960	$45	$342
1950	$25	$269
1940	$12	$194

Alaska Rent by Year

Average monthly rent in Alaska is $1,800 in 2025; for a 2BR, average rent is $1,650.

• 2025 FMR for a 2BR apartment in Alaska is $1,526per month; a 1BR is $1,178.
• Compared to the 2025 national average 2BR FMR, Alaska apartments are 8.68% less expensive.
• The 2BR FMR in Alaska increases 2.55% for 2025 following an 8.77% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Alaska is more than 11 times higher than the state’s median gross rent in 1960; after adjusting for inflation, 2025 FMR is 25.6% higher.
• In 2022, 38.6% of leased homes in Alaska rented for less than $1,000 per month; 12.0% rented for less than $600.
• 10.4% of Alaska rentals leased for $2,000 or more.

Alaska Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,526	$1,201
2024	$1,488	$1,225
2023	$1,368	$1,162
2022	$1,264	$1,118
2020	$1,201	$1,201
2000	$720	$1,109
1990	$559	$1,100
1980	$368	$1,121
1970	$189	$1,118
1960	$126	$956

Arizona Rent by Year

Average monthly rent in Arizona is $2,093 in 2025; for a 2BR, average rent is $1,750.

• 2025 FMR for a 2BR apartment in Arizona is $1,776 per month; a 1BR is $1,496.
• Compared to the 2025 national average 2BR FMR, Arizona apartments are 6.28% more expensive.
• The 2BR FMR in Arizona increases 4.47% for 2025 following a 9.25% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Arizona is almost 98 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.78 times as high.
• In 2022, 30.8% of leased homes in Arizona rented for less than $1,000 per month; 9.66% rented for less than $600.
• 14.0% of Arizona rentals leased for $2,000 or more.

Arizona Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,776	$1,398
2024	$1,700	$1,399
2023	$1,556	$1,322
2022	$1,219	$1,078
2020	$1,101	$1,101
2000	$6193	953
1990	$438	$862
1980	$264	$805
1970	$109	$645
1960	$69	$524
1950	$37	$343
1940	$18	$293

Arkansas Rent by Year

Average monthly rent in Arkansas is $1,395 in 2025; for a 2BR, average rent is $1,096.

• 2025 FMR for a 2BR apartment in Arkansas is $976 per month; a 1BR is $798.
• Compared to the 2025 national average 2BR FMR, Arkansas apartments are 41.6% less expensive.
• The 2BR FMR in Arkansas declines 1.11% for 2025 following a 16.7% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Arkansas is more than 80 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.12 times as high.
• In 2022, 83.0% of leased homes in Arkansas rented for less than $1,000 per month; 40.9% rented for less than $600.
• 1.80% of Arkansas rentals leased for $2,000 or more.

Arkansas Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$976	$768
2024	$987	$812
2023	$812	$719
2022	$774	$685
2020	$742	$742
2000	$453	$698
1990	$328	$645
1980	$185	$564
1970	$71	$420
1960	$47	$357
1950	$28	$360
1940	$12	$185

California Rent by Year

Average monthly rent in California is $2,750 in 2025; for a 2BR, average rent is $2,791.

• 2025 FMR for a 2BR apartment in California is $2,518 per month; a 1BR is $2,042.
• Compared to the 2025 national average 2BR FMR, California apartments are 50.7% more expensive.
• The 2BR FMR in California increases 2.19% for 2025 following a 12.2% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in California is more than 92 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.50 times as high.
• In 2022, 17.4% of leased homes in California rented for less than $1,000 per month; 6.60% rented for less than $600.
• 38.7% of California rentals leased for $2,000 or more.

California Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,518	$1,982
2024	$2,464	$2,028
2023	$2,197	$1,866
2022	$2,028	$1,794
2020	$1,614	$1,614
2000	$747	$1,150
1990	$620	$1,220
1980	$283	$862
1970	$126	$745
1960	$79	$599
1950	$42	$394
1940	$27	$440

Colorado Rent by Year

Average monthly rent in Colorado is $2,100 in 2025; for a 2BR, average rent is $1,950.

• 2025 FMR for a 2BR apartment in Colorado is $1,882 per month; a 1BR is $1,555.
• Compared to the 2025 national average 2BR FMR, Colorado apartments are 12.6% more expensive.
• The 2BR FMR in Colorado declines 3.39% for 2025 following a 16.6% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Colorado is more than 84.5 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.18 times as high.
• In 2022, 19.6% of leased homes in Colorado rented for less than $1,000 per month; 7.11% rented for less than $600.
• 24.7% of Colorado rentals leased for $2,000 or more.

Colorado Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,882	$1,481
2024	$1,948	$1,603
2023	$1,671	$1,419
2022	$1,505	$1,331
2020	$1,369	$1,369
2000	$671	$1,033
1990	$418	$822
1980	$252	$768
1970	$110	$650
1960	$72	$547
1950	$39	$367
1940	$22	$354

Connecticut Rent by Year

Average monthly rent in Connecticut is $2,000 in 2025; for a 2BR, average rent is $1,999.

• 2025 FMR for a 2BR apartment in Connecticut is $1,839 per month; a 1BR is $1,489.
• Compared to the 2025 national average 2BR FMR, Connecticut apartments are 10.1% more expensive.
• The 2BR FMR in Connecticut increases 2.39% for 2025 following an 8.19% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Connecticut is more than 53 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.68 times as high.
• In 2022, 34.5% of leased homes in Connecticut rented for less than $1,000 per month; 13.3% rented for less than $600.
• 12.9% of Connecticut rentals leased for $2,000 or more.

Connecticut Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,839	$1,447
2024	$1,796	$1,478
2023	$1,660	$1,410
2022	$1,446	$1,279
2020	$1,177	$1,177
2000	$747	$1,150
1990	$620	$1,220
1980	$260	$793
1970	$127	$752
1960	$77	$584
1950	$45	$422
1940	$34	$541

Delaware Rent by Year

Average monthly rent in Delaware is $1,994 in 2025; for a 2BR, average rent is $1,735.

• 2025 FMR for a 2BR apartment in Delaware is $1,647 per month; a 1BR is $1,343.
• Compared to the 2025 national average 2BR FMR, Delaware apartments are 1.44% less expensive.
• The 2BR FMR in Delaware increases 3.32% for 2025 following a 17.5% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Delaware is almost 54 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.73 times as high.
• In 2022, 39.6% of leased homes in Delaware rented for less than $1,000 per month; 14.1% rented for less than $600.
• 7.23% of Delaware rentals leased for $2,000 or more.

Delaware Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,647	$1,296
2024	$1,594	$1,312
2023	$1,357	$1,153
2022	$1,183	$1,046
2020	$1,116	$1,116
2000	$639	$984
1990	$495	$973
1980	$247	$753
1970	$111	$656
1960	$77	$584
1950	$46	$430
1940	$30	$474

District of Columbia Rent by Year

Average monthly rent in D.C. is $2,400 in 2025; for a 2BR, average rent is $3,000.

• 2025 FMR for a 2BR apartment in D.C. is $2,314 per month; a 1BR is $2,056.
• Compared to the 2025 national average 2BR FMR, D.C. apartments are 38.5% more expensive.
• The 2BR FMR in D.C.increases 13.5% for 2025 following an 11.3% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in D.C. is more than 50 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.51 times as high.
• In 2022, 15.4% of leased homes in D.C. rented for less than $1,000 per month; 7.57% rented for less than $600.
• 41.3% of D.C. rentals leased for $2,000 or more.

D.C. Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,314	$1,821
2024	$2,045	$1,683
2023	$1,838	$1,561
2022	$1,785	$1,579
2020	$1,603	$1,603
2000	$618	$952
1990	$479	$942
1980	$224	$682
1970	$119	$704
1960	$81	$614
1950	$57	$533
1940	$45	$725

Florida Rent by Year

Average monthly rent in Florida is $2,450 in 2025; for a 2BR, average rent is $2,300.

• 2025 FMR for a 2BR apartment in Florida is $1,895 per month; a 1BR is $1,588.
• Compared to the 2025 national average 2BR FMR, Florida apartments are 13.4% more expensive.
• The 2BR FMR in Florida increases 3.38% for 2025 following a 15.2% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Florida is more than 177 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 5.94 times as high.
• In 2022, 25.1% of leased homes in Florida rented for less than $1,000 per month; 7.66% rented for less than $600.
• 20.1% of Florida rentals leased for $2,000 or more.

Florida Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,895	$1,491
2024	$1,833	$1,509
2023	$1,591	$1,351
2022	$1,372	$1,213
2020	$1,238	$1,238
2000	$641	$987
1990	$481	$947
1980	$255	$778
1970	$112	$662
1960	$71	$539
1950	$39	$367
1940	$16	$251

Georgia Rent by Year

Average monthly rent in Georgia is $1,991 in 2025; for a 2BR, average rent is $1,600.

• 2025 FMR for a 2BR apartment in Georgia is $1,530 per month; a 1BR is $1,355.
• Compared to the 2025 national average 2BR FMR, Georgia apartments are 8.44% less expensive.
• The 2BR FMR in Georgia increases 1.53% for 2025 following a 17.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Georgia is more than 116 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 5.83 times as high.
• In 2022, 45.4% of leased homes in Georgia rented for less than $1,000 per month; 18.7% rented for less than $600.
• 8.95% of Georgia rentals leased for $2,000 or more.

Georgia Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,530	$1,240
2024	$1,507	$1,240
2023	$1,287	$1,093
2022	$1,090	$964
2020	$1,049	$1,049
2000	$613	$944
1990	$433	$852
1980	$211	$644
1970	$86	$508
1960	$51	$387
1950	$27	$256
1940	$13	$206

Hawaii Rent by Year

Average monthly rent in Hawaii is $3,006 in 2025; for a 2BR, average rent is $2,995.

• 2025 FMR for a 2BR apartment in Hawaii is $2,531 per month; a 1BR is $1,936.
• Compared to the 2025 national average 2BR FMR, Hawaii apartments are 51.5% more expensive.
• The 2BR FMR in Hawaii increases 9.14% for 2025 following a 6.62% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Hawaii is more than 34 times higher than the state’s median gross rent in 1960; after adjusting for inflation, 2025 FMR is 3.64 times as high.
• In 2022, 19.6% of leased homes in Hawaii rented for less than $1,000 per month; 8.63% rented for less than $600.
• 38.0% of Hawaii rentals leased for $2,000 or more.

Hawaii Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,531	$1,992
2024	$2,319	$1,909
2023	$2,175	$1,847
2022	$2,113	$1,869
2020	$1,651	$1,651
2000	$779	$1,200
1990	$650	$1,278
1980	$311	$949
1970	$132	$781
1960	$72	$547

Idaho Rent by Year

Average monthly rent in Idaho is $1,708 in 2025; for a 2BR, average rent is $1,430.

• 2025 FMR for a 2BR apartment in Idaho is $1,441 per month; a 1BR is $1,182.
• Compared to the 2025 national average 2BR FMR, Idaho apartments are 13.8% less expensive.
• The 2BR FMR in Idaho increases 20.2% for 2025 following a 7.05% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Idaho is more than 67 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.41 times as high.
• In 2022, 47.3% of leased homes in Idaho rented for less than $1,000 per month; 17.0% rented for less than $600.
• 8.33% of Idaho rentals leased for $2,000 or more.

Idaho Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,441	$1,134
2024	$1,199	$987
2023	$1,120	$951
2022	$981	$868
2020	$880	$880
2000	$515	$793
1990	$330	$650
1980	$218	$665
1970	$92	$544
1960	$65	$493
1950	$44	$410
1940	$21	$333

Illinois Rent by Year

Average monthly rent in Illinois is $1,799 in 2025; for a 2BR, average rent is $1,800.

• 2025 FMR for a 2BR apartment in Illinois is $1,345 per month; a 1BR is $1,141.
• Compared to the 2025 national average 2BR FMR, Illinois apartments are 19.5% less expensive.
• The 2BR FMR in Illinois declines 10.2% for 2025 following a 17.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Illinois is almost 40 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.03 times as high.
• In 2022, 49.3% of leased homes in Illinois rented for less than $1,000 per month; 18.1% rented for less than $600.
• 10.8% of Illinois rentals leased for $2,000 or more.

Illinois Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,345	$1,058
2024	$1,498	$1,233
2023	$1,279	$1,086
2022	$1,186	$1,049
2020	$1,020	$1,020
2000	$605	$932
1990	$445	$876
1980	$246	$750
1970	$124	$733
1960	$85	$645
1950	$47	$440
1940	$33	$522

Indiana Rent by Year

Average monthly rent in Indiana is $1,375 in 2025; for a 2BR, average rent is $1,225.

• 2025 FMR for a 2BR apartment in Indiana is $1,139 per month; a 1BR is $940.
• Compared to the 2025 national average 2BR FMR, Indiana apartments are 31.8% less expensive.
• The 2BR FMR in Indiana declines 0.78% for 2025 following a 16.2% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Indiana is more than 46 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.37 times as high.
• In 2022, 72.4% of leased homes in Indiana rented for less than $1,000 per month; 24.4% rented for less than $600.
• 2.56% of Indiana rentals leased for $2,000 or more.

Indiana Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,139	$896
2024	$1,148	$945
2023	$988	$839
2022	$882	$780
2020	$840	$840
2000	$521	$802
1990	$374	$736
1980	$218	$665
1970	$105	$621
1960	$70	$531
1950	$42	$391
1940	$24	$379

Iowa Rent by Year

Average monthly rent in Iowa is $1,095 in 2025; for a 2BR, average rent is $1,049.

• 2025 FMR for a 2BR apartment in Iowa is $1,027 per month; a 1BR is $826.
• Compared to the 2025 national average 2BR FMR, Iowa apartments are 38.5% less expensive.
• The 2BR FMR in Iowa increases 4.69% for 2025 following a 4.03% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Iowa is 44 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.19 times as high.
• In 2022, 76.6% of leased homes in Iowa rented for less than $1,000 per month; 30.8% rented for less than $600.
• 2.21% of Iowa rentals leased for $2,000 or more.

Iowa Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,027	$808
2024	$981	$807
2023	$943	$801
2022	$860	$761
2020	$808	$808
2000	$470	$724
1990	$336	$661
1980	$226	$688
1970	$99	$585
1960	$68	$516
1950	$43	$397
1940	$23	$370

Kansas Rent by Year

Average monthly rent in Kansas is $1,201 in 2025; for a 2BR, average rent is $1,000.

• 2025 FMR for a 2BR apartment in Kansas is $1,082 per month; a 1BR is $882.
• Compared to the 2025 national average 2BR FMR, Kansas apartments are 35.2% less expensive.
• The 2BR FMR in Kansas increases 2.08% for 2025 following an 8.94% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Kansas is 56 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.84 times as high.
• In 2022, 71.5% of leased homes in Kansas rented for less than $1,000 per month; 28.2% rented for less than $600.
• 4.76% of Kansas rentals leased for $2,000 or more.

Kansas Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,082	$851
2024	$1,060	$872
2023	$973	$826
2022	$870	$769
2020	$862	$862
2000	$498	$767
1990	$372	$732
1980	$218	$665
1970	$94	$556
1960	$66	$501
1950	$38	$350
1940	$19	$300

Kentucky Rent by Year

Average monthly rent in Kentucky is $1,300 in 2025; for a 2BR, average rent is $1,197.

• 2025 FMR for a 2BR apartment in Kentucky is $1,096 per month; a 1BR is $886.
• Compared to the 2025 national average 2BR FMR, Kentucky apartments are 34.4% less expensive.
• The 2BR FMR in Kentucky increases 0.55% for 2025 following a 17.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Kentucky is more than 67 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.35 times as high.
• In 2022, 77.9% of leased homes in Kentucky rented for less than $1,000 per month; 35.9% rented for less than $600.
• 1.87% of Kentucky rentals leased for $2,000 or more.

Kentucky Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,096	$862
2024	$1,090	$897
2023	$931	$791
2022	$841	$744
2020	$773	$773
2000	$445	$685
1990	$319	$628
1980	$198	$604
1970	$83	$491
1960	$55	$417
1950	$31	$286
1940	$16	$257

Louisiana Rent by Year

Average monthly rent in Louisiana is $1,538 in 2025; for a 2BR, average rent is $1,350.

• 2025 FMR for a 2BR apartment in Louisiana is $1,174 per month; a 1BR is $980.
• Compared to the 2025 national average 2BR FMR, Louisiana apartments are 29.7% less expensive.
• The 2BR FMR in Louisiana increases 2.09% for 2025 following a 14.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Louisiana is more than 77 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.82 times as high.
• In 2022, 70.3% of leased homes in Louisiana rented for less than $1,000 per month; 28.4% rented for less than $600.
• 1.94% of Louisiana rentals leased for $2,000 or more.

Louisiana Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,174	$924
2024	$1,150	$947
2023	$1,008	$856
2022	$920	$814
2020	$866	$866
2000	$466	$718
1990	$352	$693
1980	$214	$653
1970	$81	$479
1960	$53	$402
1950	$27	$249
1940	$15	$242

Maine Rent by Year

Average monthly rent in Maine is $1,900 in 2025; for a 2BR, average rent is $1,900.

• 2025 FMR for a 2BR apartment in Maine is $1,451 per month; a 1BR is $1,146.
• Median monthly rent in Maine is $2,075 in 2024; for a 2BR, median rent is $2,000.
• Compared to the 2025 national average 2BR FMR, Maine apartments are 13.2% less expensive.
• The 2BR FMR in Maine increases 5.76% for 2025 following a 6.69% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Maine is more than 57 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.86 times as high.
• In 2022, 57.5% of leased homes in Maine rented for less than $1,000 per month; 21.9% rented for less than $600.
• 7.77% of Maine rentals leased for $2,000 or more.

Maine Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,451	$1,142
2024	$1,372	$1,129
2023	$1,286	$1,092
2022	$1,180	$1,044
2020	$870	$870
2000	$497	$765
1990	$419	$824
1980	$216	$659
1970	$90	$533
1960	$64	$485
1950	$41	$385
1940	$25	$399

Maryland Rent by Year

Average monthly rent in Maryland is $1,900 in 2025; for a 2BR, average rent is $1,805.

• 2025 FMR for a 2BR apartment in Maryland is $2,039 per month; a 1BR is $1,735.
• Compared to the 2025 national average 2BR FMR, Maryland apartments are 22.0% more expensive.
• The 2BR FMR in Maryland increases 6.81% for 2025 following an 18.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Maryland is 75 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.75 times as high.
• In 2022, 25.1% of leased homes in Maryland rented for less than $1,000 per month; 9.82% rented for less than $600.
• 18.2% of Maryland rentals leased for $2,000 or more.

Maryland Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,039	$1,605
2024	$1,909	$1,571
2023	$1,616	$1,373
2022	$1,505	$1,331
2020	$1,401	$1,401
2000	$689	$1,061
1990	$548	$1,078
1980	$266	$812
1970	$127	$752
1960	$78	$591
1950	$46	$431
1940	$27	$428

Massachusetts Rent by Year

Average monthly rent in Massachusetts is $3,280 in 2025; for a 2BR, average rent is $3,200.

• 2025 FMR for a 2BR apartment in Massachusetts is $2,289 per month; a 1BR is $1,874.
• Compared to the 2025 national average 2BR FMR, Massachusetts apartments are 37.0% more expensive.
• The 2BR FMR in Massachusetts declines 1.84% for 2025 following a 7.71% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Massachusetts is more than 66 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.33 times as high.
• In 2022, 30.1% of leased homes in Massachusetts rented for less than $1,000 per month; 15.5% rented for less than $600.
• 29.4% of Massachusetts rentals leased for $2,000 or more.

Massachusetts Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,289	$1,801
2024	$2,332	$1,919
2023	$2,165	$1,839
2022	$1,975	$1,747
2020	$1,360	$1,360
2000	$684	$1,053
1990	$580	$1,141
1980	$255	$778
1970	$117	$691
1960	$75	$570
1950	$47	$437
1940	$34	$541

Michigan Rent by Year

Average monthly rent in Michigan is $1,399 in 2025; for a 2BR, average rent is $1,300.

• 2025 FMR for a 2BR apartment in Michigan is $1,251 per month; a 1BR is $1,005.
• Compared to the 2025 national average 2BR FMR, Michigan apartments are 25.1% less expensive.
• The 2BR FMR in Michigan increases 3.90% for 2025 following a 6.93% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Michigan is 37 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 86.9% higher.
• In 2022, 63.2% of leased homes in Michigan rented for less than $1,000 per month; 20.1% rented for less than $600.
• 4.44% of Michigan rentals leased for $2,000 or more.

Michigan Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,251	$984
2024	$1,204	$991
2023	$1,126	$956
2022	$993	$878
2020	$888	$888
2000	$546	$841
1990	$423	$832
1980	$250	$762
1970	$115	$681
1960	$77	$584
1950	$47	$442
1940	$33	$527

Minnesota Rent by Year

Average monthly rent in Minnesota is $1,533 in 2025; for a 2BR, average rent is $1,500.

• 2025 FMR for a 2BR apartment in Minnesota is $1,442 per month; a 1BR is $1,171.
• Compared to the 2025 national average 2BR FMR, Minnesota apartments are 13.7% less expensive.
• The 2BR FMR in Minnesota increases 1.69% for 2025 following a 13.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Minnesota is more than 50 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.53 times as high.
• In 2022, 42.7% of leased homes in Minnesota rented for less than $1,000 per month; 15.2% rented for less than $600.
• 8.86% of Minnesota rentals leased for $2,000 or more.

Minnesota Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,442	$1,135
2024	$1,418	$1,167
2023	$1,254	$1,065
2022	$1,165	$1,030
2020	$1,016	$1,016
2000	$566	$872
1990	$422	$830
1980	$236	$710
1970	$117	$691
1960	$72	$547
1950	$43	$403
1940	$28	$448

Mississippi Rent by Year

Average monthly rent in Mississippi is $1,499 in 2025; for a 2BR, average rent is $1,100.

• 2025 FMR for a 2BR apartment in Mississippi is $1,078 per month; a 1BR is $908.
• Compared to the 2025 national average 2BR FMR, Mississippi apartments are 35.5% less expensive.
• The 2BR FMR in Mississippi increases 3.45% for 2025 following a 16.4% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Mississippi is 97 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.71 times as high.
• In 2022, 79.4% of leased homes in Mississippi rented for less than $1,000 per month; 41.7% rented for less than $600.
• 2.44% of Mississippi rentals leased for $2,000 or more.

Mississippi Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,078	$848
2024	$1,042	$858
2023	$895	$760
2022	$815	$721
2020	$777	$777
2000	$439	$676
1990	$309	$608
1980	$180	$548
1970	$65	$385
1960	$43	$326
1950	$25	$229
1940	$11	$180

Missouri Rent by Year

Average monthly rent in Missouri is $1,325 in 2025; for a 2BR, average rent is $1,195.

• 2025 FMR for a 2BR apartment in Missouri is $1,108 per month; a 1BR is $909.
• Compared to the 2025 national average 2BR FMR, Missouri apartments are 33.7% less expensive.
• The 2BR FMR in Missouri increases 2.31% for 2025 following a 12.3% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Missouri is more than 49 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.45 times as high.
• In 2022, 71.5% of leased homes in Missouri rented for less than $1,000 per month; 29.8% rented for less than $600.
• 2.84% of Missouri rentals leased for $2,000 or more.

Missouri Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,108	$872
2024	$1,083	$891
2023	$964	$819
2022	$881	$779
2020	$834	$834
2000	$484	$745
1990	$368	$724
1980	$211	$644
1970	$96	$568
1960	$65	$493
1950	$36	$340
1940	$22	$356

Montana Rent by Year

Average monthly rent in Montana is $1,700 in 2025; for a 2BR, average rent is $1,620.

• 2025 FMR for a 2BR apartment in Montana is $1,267 per month; a 1BR is $1,002.
• Compared to the 2025 national average 2BR FMR, Montana apartments are 24.2% less expensive.
• The 2BR FMR in Montana increases 17.5% for 2025 following a 7.58% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Montana is more than 54 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.73 times as high.
• In 2022, 60.6% of leased homes in Montana rented for less than $1,000 per month; 23.1% rented for less than $600.
• 7.10% of Montana rentals leased for $2,000 or more.

Montana Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,267	$997
2024	$1,078	$887
2023	$1,022	$851
2022	$918	$812
2020	$831	$831
2000	$447	$688
1990	$411	$611
1980	$200	$610
1970	$89	$527
1960	$66	$501
1950	$41	$380
1940	$23	$365

Nebraska Rent by Year

Average monthly rent in Nebraska is $1,355 in 2025; for a 2BR, average rent is $1,295.

• 2025 FMR for a 2BR apartment in Nebraska is $1,108 per month; a 1BR is $904.
• Compared to the 2025 national average 2BR FMR, Nebraska apartments are 33.7% less expensive.
• The 2BR FMR in Nebraska increases 4.82% for 2025 following a 7.42% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Nebraska is more than 49 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.51 times as high.
• In 2022, 68.0% of leased homes in Nebraska rented for less than $1,000 per month; 24.9% rented for less than $600.
• 1.65% of Nebraska rentals leased for $2,000 or more.

Nebraska Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,108	$872
2024	$1,057	$870
2023	$984	$836
2022	$833	$781
2020	$859	$859
2000	$491	$756
1990	$348	$685
1980	$213	$650
1970	$95	$562
1960	$67	$508
1950	$43	$396
1940	$22	$348

Nevada Rent by Year

Average monthly rent in Nevada is $2,095 in 2025; for a 2BR, average rent is $1,600.

• 2025 FMR for a 2BR apartment in Nevada is $1,698 per month; a 1BR is $1,413.
• Compared to the 2025 national average 2BR FMR, Nevada apartments are 1.62% more expensive.
• The 2BR FMR in Nevada increases 5.79% for 2025 following a 10.3% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Nevada is more than 64 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.20 times as high.
• In 2022, 24.9% of leased homes in Nevada rented for less than $1,000 per month; 5.01% rented for less than $600.
• 13.1% of Nevada rentals leased for $2,000 or more.

Nevada Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,698	$1,336
2024	$1,605	$1,321
2023	$1,455	$1,236
2022	$1,232	$1,090
2020	$1,168	$1,168
2000	$699	$1,076
1990	$509	$1,001
1980	$310	$946
1970	$141	$835
1960	$91	$690
1950	$47	$442
1940	$26	$417

New Hampshire Rent by Year

Average monthly rent in New Hampshire is $2,000 in 2025; for a 2BR, average rent is $2,000.

• 2025 FMR for a 2BR apartment in New Hampshire is $1,813 per month; a 1BR is $1,392.
• Compared to the 2025 national average 2BR FMR, New Hampshire apartments are 8.50% more expensive.
• The 2BR FMR in New Hampshire increases 6.27% for 2025 following a 9.85% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in New Hampshire is 69 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.46 times as high.
• In 2022, 31.4% of leased homes in New Hampshire rented for less than $1,000 per month; 10.1% rented for less than $600.
• 11.7% of New Hampshire rentals leased for $2,000 or more.

New Hampshire Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,813	$1,427
2024	$1,706	$1,404
2023	$1,553	$1,319
2022	$1,059	$937
2020	$1,147	$1,147
2000	$646	$995
1990	$549	$1,080
1980	$251	$765
1970	$99	$585
1960	$65	$493
1950	$41	$377
1940	$26	$413

New Jersey Rent by Year

Average monthly rent in New Jersey is $2,500 in 2025; for a 2BR, average rent is $2,450.

• 2025 FMR for a 2BR apartment in New Jersey is $2,046 per month; a 1BR is $1,700.
• Compared to the 2025 national average 2BR FMR, New Jersey apartments are 22.4% more expensive.
• The 2BR FMR in New Jersey increases 3.33% for 2025 following a 13.7% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in New Jersey is 56 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.80 times as high.
• In 2022, 23.1% of leased homes in New Jersey rented for less than $1,000 per month; 9.62% rented for less than $600.
• 20.1% of New Jersey rentals leased for $2,000 or more.

New Jersey Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,046	$1,610
2024	$1,980	$1,630
2023	$1,742	$1,480
2022	$1,628	$1,440
2020	$1,376	$1,376
2000	$751	$1,157
1990	$592	$1,164
1980	$270	$822
1970	$126	$745
1960	$80	$607
1950	$49	$454
1940	$36	$576

New Mexico Rent by Year

Average monthly rent in New Mexico is $1,700 in 2025; for a 2BR, average rent is $1,482.

• 2025 FMR for a 2BR apartment in New Mexico is $1,192 per month; a 1BR is $985.
• Compared to the 2025 national average 2BR FMR, New Mexico apartments are 28.7% less expensive.
• The 2BR FMR in New Mexico increases 5.11% for 2025 following a 9.67% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in New Mexico is more than 69 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.44 times as high.
• In 2022, 24.5% of leased homes in New Mexico rented for less than $1,000 per month; 66.4% rented for less than $600.
• 3.85% of New Mexico rentals leased for $2,000 or more.

New Mexico Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,192	$938
2024	$1,134	$933
2023	$1,034	$878
2022	$913	$807
2020	$847	$847
2000	$503	$775
1990	$372	$732
1980	$215	$656
1970	$88	$521
1960	$71	$539
1950	$41	$382
1940	$17	$273

New York Rent by Year

Average monthly rent in New York is $3,100 in 2025; for a 2BR, average rent is $2,800.

• 2025 FMR for a 2BR apartment in New York is $2,148 per month; a 1BR is $1,882.
• Compared to the 2025 national average 2BR FMR, New York apartments are 28.6% more expensive.
• The 2BR FMR in New York declines 7.73% for 2025 following a 11.7% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in New York is more than54  times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.72 times as high.
• In 2022, 32.9% of leased homes in New York rented for less than $1,000 per month; 13.8% rented for less than $600.
• 25.3% of New York rentals leased for $2,000 or more.

New York Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,148	$1,690
2024	$2,328	$1,916
2023	$2,084	$1,770
2022	$1,962	$1,735
2020	$1,309	$1,309
2000	$672	$1,035
1990	$486	$956
1980	$249	$759
1970	$111	$656
1960	$74	$562
1950	$48	$451
1940	$39	$622

North Carolina Rent by Year

Average monthly rent in North Carolina is $1,850 in 2025; for a 2BR, average rent is $1,495.

• 2025 FMR for a 2BR apartment in North Carolina is $1,389 per month; a 1BR is $1,210.
• Compared to the 2025 national average 2BR FMR, North Carolina apartments are 16.9% less expensive.
• The 2BR FMR in North Carolina increases 5.95% for 2025 following a 17.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in North Carolina is more than 98 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.70 times as high.
• In 2022, 50.9% of leased homes in North Carolina rented for less than $1,000 per month; 20.9% rented for less than $600.
• 6.92% of North Carolina rentals leased for $2,000 or more.

North Carolina Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,389	$1,093
2024	$1,311	$1,079
2023	$1,120	$951
2022	$997	$882
2020	$931	$931
2000	$548	$844
1990	$382	$752
1980	$205	$625
1970	$86	$508
1960	$55	$417
1950	$30	$276
1940	$14	$233

North Dakota Rent by Year

Average monthly rent in North Dakota is $975 in 2025; for a 2BR, average rent is $895.

• 2025 FMR for a 2BR apartment in North Dakota is $1,007 per month; a 1BR is $836.
• Compared to the 2025 national average 2BR FMR, North Dakota apartments are 39.7% less expensive.
• The 2BR FMR in North Dakota increases 5.33% for 2025 following a 3.35% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in North Dakota is 47 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.36 times as high.
• In 2022, 76.6% of leased homes in North Dakota rented for less than $1,000 per month; 27.4% rented for less than $600.
• 1.69% of North Dakota rentals leased for $2,000 or more.

North Dakota Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,007	$792
2024	$956	$787
2023	$925	$786
2022	$864	$764
2020	$804	$804
2000	$412	$634
1990	$313	$616
1980	$206	$628
1970	$97	$574
1960	$71	$539
1950	$43	$399
1940	$21	$336

Ohio Rent by Year

Average monthly rent in Ohio is $1,300 in 2025; for a 2BR, average rent is $1,219.

• 2025 FMR for a 2BR apartment in Ohio is $1,149 per month; a 1BR is $918.
• Compared to the 2025 national average 2BR FMR, Ohio apartments are 31.2% less expensive.
• The 2BR FMR in Ohio increases 6.19% for 2025 following an 8.96% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Ohio is more than 40 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is twice as high.
• In 2022, 72.2% of leased homes in Ohio rented for less than $1,000 per month; 27.0% rented for less than $600.
• 3.02% of Ohio rentals leased for $2,000 or more.

Ohio Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,149	$904
2024	$1,082	$891
2023	$993	$843
2022	$887	$784
2020	$813	$813
2000	$515	$793
1990	$379	$745
1980	$225	$685
1970	$105	$621
1960	$75	$570
1950	$42	$388
1940	$28	$488

Oklahoma Rent by Year

Average monthly rent in Oklahoma is $1,410 in 2025; for a 2BR, average rent is $1,100.

• 2025 FMR for a 2BR apartment in Oklahoma is $1,079 per month; a 1BR is $866.
• Compared to the 2025 national average 2BR FMR, Oklahoma apartments are 35.4% less expensive.
• The 2BR FMR in Oklahoma increases 4.25% for 2025 following a 10.6% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Oklahoma is more than 66 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.22 times as high.
• In 2022, 75.5% of leased homes in Oklahoma rented for less than $1,000 per month; 29.8% rented for less than $600.
• 2.30% of Oklahoma rentals leased for $2,000 or more.

Oklahoma Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,079	$849
2024	$1,035	$852
2023	$936	$795
2022	$863	$763
2020	$814	$814
2000	$456	$702
1990	$340	$668
1980	$215	$656
1970	$82	$485
1960	$57	$433
1950	$34	$319
1940	$16	$263

Oregon Rent by Year

Average monthly rent in Oregon is $1,750 in 2025; for a 2BR, average rent is $1,695.

• 2025 FMR for a 2BR apartment in Oregon is $1,692 per month; a 1BR is $1,410.
• Compared to the 2025 national average 2BR FMR, Oregon apartments are 1.26% more expensive.
• The 2BR FMR in Oregon increases 0.59% for 2025 following an 8.87% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Oregon is 80 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.89 times as high.
• In 2022, 30.9% of leased homes in Oregon rented for less than $1,000 per month; 9.18% rented for less than $600.
• 12.3% of Oregon rentals leased for $2,000 or more.

Oregon Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,692	$1,332
2024	$1,682	$1,384
2023	$1,545	$1,312
2022	$1,438	$1,272
2020	$1,185	$1,185
2000	$620	$955
1990	$408	$802
1980	$257	$784
1970	$107	$633
1960	$70	$531
1950	$44	$413
1940	$21	$342

Pennsylvania Rent by Year

Average monthly rent in Pennsylvania is $1,548 in 2025; for a 2BR, average rent is $1,550.

• 2025 FMR for a 2BR apartment in Pennsylvania is $1,421 per month; a 1BR is $1,170.
• Compared to the 2025 national average 2BR FMR, Pennsylvania apartments are 15.0% less expensive.
• The 2BR FMR in Pennsylvania increases 4.10% for 2025 following an 11.2% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Pennsylvania is 52 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.55 times as high.
• In 2022, 56.1% of leased homes in Pennsylvania rented for less than $1,000 per month; 21.1% rented for less than $600.
• 7.25% of Pennsylvania rentals leased for $2,000 or more.

Pennsylvania Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,421	$1,118
2024	$1,365	$1,124
2023	$1,228	$1,043
2022	$1,087	$961
2020	$951	$951
2000	$531	$818
1990	$404	$795
1980	$224	$682
1970	$93	$550
1960	$64	$485
1950	$40	$371
1940	$27	$439

Rhode Island Rent by Year

Average monthly rent in Rhode Island is $2,295 in 2025; for a 2BR, average rent is $2,200.

• 2025 FMR for a 2BR apartment in Rhode Island is $1,645 per month; a 1BR is $1,338.
• Compared to the 2025 national average 2BR FMR, Rhode Island apartments are 1.56% less expensive.
• The 2BR FMR in Rhode Island declines 4.69% for 2025 following a 19.5% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Rhode Island is 58 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.89 times as high.
• In 2022, 43.3% of leased homes in Rhode Island rented for less than $1,000 per month; 19.1% rented for less than $600.
• 9.33% of Rhode Island rentals leased for $2,000 or more.

Rhode Island Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,645	$1,295
2024	$1,726	$1,421
2023	$1,444	$1,227
2022	$1,264	$1,118
2020	$1,043	$1,043
2000	$553	$852
1990	$489	$963
1980	$222	$676
1970	$93	$550
1960	$62	$470
1950	$40	$374
1940	$28	$448

South Carolina Rent by Year

Average monthly rent in South Carolina is $1,858 in 2025; for a 2BR, average rent is $1,500.

• 2025 FMR for a 2BR apartment in South Carolina is $1,339 per month; a 1BR is $1,173.
• Compared to the 2025 national average 2BR FMR, South Carolina apartments are 19.9% less expensive.
• The 2BR FMR in South Carolina increases 6.95% for 2025 following a 12.1% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in South Carolina is 111 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 5.65 times as high.
• In 2022, 56.5% of leased homes in South Carolina rented for less than $1,000 per month; 23.2% rented for less than $600.
• 7.99% of South Carolina rentals leased for $2,000 or more.

South Carolina Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,339	$1,054
2024	$1,252	$1,031
2023	$1,117	$949
2022	$1,004	$888
2020	$922	$922
2000	$510	$785
1990	$376	$739
1980	$206	$628
1970	$77	$456
1960	$49	$371
1950	$26	$243
1940	$12	$186

South Dakota Rent by Year

Average monthly rent in South Dakota is $1,164 in 2025; for a 2BR, average rent is $1,095.

• 2025 FMR for a 2BR apartment in South Dakota is $982 per month; a 1BR is $792.
• Compared to the 2025 national average 2BR FMR, South Dakota apartments are 41.2% less expensive.
• The 2BR FMR in South Dakota declined 4.10% for 2025 following a 12.7% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in South Dakota is 46 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.28 times as high.
• In 2022, 73.8% of leased homes in South Dakota rented for less than $1,000 per month; 33.1% rented for less than $600.
• 2.75% of South Dakota rentals leased for $2,000 or more.

South Dakota Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$982	$773
2024	$1,024	$843
2023	$909	$772
2022	$838	$741
2020	$769	$769
2000	$426	$656
1990	$306	$602
1980	$188	$573
1970	$88	$521
1960	$67	$508
1950	$42	$394
1940	$21	$339

Tennessee Rent by Year

Average monthly rent in Tennessee is $1,760 in 2025; for a 2BR, average rent is $1,418.

• 2025 FMR for a 2BR apartment in Tennessee is $1,375 per month; a 1BR is $1,179.
• Compared to the 2025 national average 2BR FMR, Tennessee apartments are 17.7% less expensive.
• The 2BR FMR in Tennessee increases 8.78% for 2025 following a 17.0% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Tennessee is 91 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.53 times as high.
• In 2022, 58.6% of leased homes in Tennessee rented for less than $1,000 per month; 23.8% rented for less than $600.
• 6.51% of Tennessee rentals leased for $2,000 or more.

Tennessee Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,375	$1,082
2024	$1,264	$1,040
2023	$1,080	$917
2022	$952	$842
2020	$904	$904
2000	$505	$778
1990	$357	$702
1980	$203	$619
1970	$82	$485
1960	$52	$394
1950	$31	$286
1940	$15	$239

Texas Rent by Year

Average monthly rent in Texas is $1,894 in 2025; for a 2BR, average rent is $1,474.

• 2025 FMR for a 2BR apartment in Texas is $1,503 per month; a 1BR is $1,259.
• Compared to the 2025 national average 2BR FMR, Texas apartments are 10.1% less expensive.
• The 2BR FMR in Texas increases 3.66% for 2025 following a 11.3% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Texas is more than 87 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.36 times as high.
• In 2022, 40.2% of leased homes in Texas rented for less than $1,000 per month; 10.5% rented for less than $600.
• 9.71% of Texas rentals leased for $2,000 or more.

Texas Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,503	$1,183
2024	$1,450	$1,193
2023	$1,303	$1,107
2022	$1,172	$1,037
2020	$1,091	$1,091
2000	$574	$884
1990	$395	$778
1980	$246	$750
1970	$95	$562
1960	$60	$456
1950	$37	$347
1940	$17	$271

Utah Rent by Year

Average monthly rent in Utah is $1,800 in 2025; for a 2BR, average rent is $1,523.

• 2025 FMR for a 2BR apartment in Utah is $1,501 per month; a 1BR is $1,242.
• Compared to the 2025 national average 2BR FMR, Utah apartments are 10.2% less expensive.
• The 2BR FMR in Utah increases 7.37% for 2025 following a 7.79% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Utah is more than 64 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.22 times as high.
• In 2022, 30.1% of leased homes in Utah rented for less than $1,000 per month; 9.53% rented for less than $600.
• 13.6% of Utah rentals leased for $2,000 or more.

Utah Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,591	$1,181
2024	$1,398	$1,151
2023	$1,297	$1,102
2022	$1,153	$1,020
2020	$1,098	$1,098
2000	$597	$919
1990	$369	$725
1980	$235	$716
1970	$97	$574
1960	$66	$501
1950	$40	$373
1940	$23	$367

Vermont Rent by Year

Average monthly rent in Vermont is $2,067 in 2025; for a 2BR, average rent is $2,100.

• 2025 FMR for a 2BR apartment in Vermont is $1,512 per month; a 1BR is $1,197.
• Compared to the 2025 national average 2BR FMR, Vermont apartments are 9.52% less expensive.
• The 2BR FMR in Vermont declines 1.18% for 2025 following a 15.2% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Vermont is 62 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 3.07 times as high.
• In 2022, 49.1% of leased homes in Vermont rented for less than $1,000 per month; 12.9% rented for less than $600.
• 7.49% of Vermont rentals leased for $2,000 or more.

Vermont Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,512	$1,190
2024	$1,530	$1,259
2023	$1,328	$1,128
2022	$1,217	$1,076
2020	$980	$980
2000	$553	$852
1990	$446	$878
1980	$224	$682
1970	$98	$579
1960	$62	$470
1950	$41	$385
1940	$24	$388

Virginia Rent by Year

Average monthly rent in Virginia is $1,950 in 2025; for a 2BR, average rent is $1,750.

• 2025 FMR for a 2BR apartment in Virginia is $1,743 per month; a 1BR is $1,527.
• Compared to the 2025 national average 2BR FMR, Virginia apartments are 4.31% more expensive.
• The 2BR FMR in Virginia increases 10.8% for 2025 following a 12.7% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Virginia is more than 91 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.52 times as high.
• In 2022, 34.7% of leased homes in Virginia rented for less than $1,000 per month; 13.4% rented for less than $600.
• 19.2% of Virginia rentals leased for $2,000 or more.

Virginia Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,743	$1,372
2024	$1,573	$1,295
2023	$1,396	$1,186
2022	$1,292	$1,143
2020	$1,254	$1,254
2000	$650	$1,001
1990	$495	$973
1980	$259	$790
1970	$115	$681
1960	$71	$539
1950	$39	$365
1940	$19	$303

Washington Rent by Year

Average monthly rent in Washington is $1,983 in 2025; for a 2BR, average rent is $1,945.

• 2025 FMR for a 2BR apartment in Washington is $2,070 per month; a 1BR is $1,729.
• Compared to the 2025 national average 2BR FMR, Washington apartments are 23.9% more expensive.
• The 2BR FMR in Washington declines 1.29% for 2025 following an 11.0% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Washington is more than 93 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 4.68 times as high.
• In 2022, 22.4% of leased homes in Washington rented for less than $1,000 per month; 7.93% rented for less than $600.
• 25.6% of Washington rentals leased for $2,000 or more.

Washington Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$2,070	$1,629
2024	$2,097	$1,726
2023	$1,889	$1,605
2022	$1,629	$1,441
2020	$1,359	$1,359
2000	$663	$1,021
1990	$445	$876
1980	$254	$775
1970	$113	$668
1960	$71	$538
1950	$43	$405
1940	$22	$348

West Virginia Rent by Year

Average monthly rent in West Virginia is $1,150 in 2025; for a 2BR, average rent is $1,000.

• 2025 FMR for a 2BR apartment in West Virginia is $981 per month; a 1BR is $797.
• Compared to the 2025 national average 2BR FMR, West Virginia apartments are 41.3% less expensive.
• The 2BR FMR in West Virginia increases 2.19% for 2025 following an 11.0% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in West Virginia is 57 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.82 times as high.
• In 2022, 86.4% of leased homes in West Virginia rented for less than $1,000 per month; 49.8% rented for less than $600.
• 3.05% of West Virginia rentals leased for $2,000 or more.

West Virginia Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$981	$772
2024	$960	$790
2023	$865	$735
2022	$800	$708
2020	$727	$727
2000	$401	$618
1990	$303	$596
1980	$195	$594
1970	$72	$427
1960	$53	$402
1950	$28	$265
1940	$17	$274

Wisconsin Rent by Year

Average monthly rent in Wisconsin is $1,300 in 2025; for a 2BR, average rent is $1,275.

• 2025 FMR for a 2BR apartment in Wisconsin is $1,177 per month; a 1BR is $955.
• Compared to the 2025 national average 2BR FMR, Wisconsin apartments are 29.6% less expensive.
• The 2BR FMR in Wisconsin increases 4.25% for 2025 following a 6.91% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Wisconsin is 37 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 86.2% higher.
• In 2022, 67.3% of leased homes in Wisconsin rented for less than $1,000 per month; 19.4% rented for less than $600.
• 3.26% of Wisconsin rentals leased for $2,000 or more.

Wisconsin Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,177	$926
2024	$1,129	$929
2023	$1,056	$897
2022	$965	$853
2020	$867	$867
2000	$540	$832
1990	$399	$785
1980	$234	$713
1970	$113	$668
1960	$79	$599
1950	$49	$457
1940	$31	$497

Wyoming Rent by Year

Average monthly rent in Wyoming is $1,200 in 2025; for a 2BR, average rent is $1,100.

• 2025 FMR for a 2BR apartment in Wyoming is $1,042 per month; a 1BR is $828.
• Compared to the 2025 national average 2BR FMR, Wyoming apartments are 37.6% less expensive.
• The 2BR FMR in Wyoming declines 4.49% for 2025 following a 16.9% increase from 2023 to 2024.
• The 2025 FMR for a 2BR in Wyoming is more than 46 times higher than the state’s median gross rent in 1940; after adjusting for inflation, 2025 FMR is 2.38 times as high.
• In 2022, 68.7% of leased homes in Wyoming rented for less than $1,000 per month; 23.2% rented for less than $600.
• 2.61% of Wyoming rentals leased for $2,000 or more.

Wyoming Fair Market & Median Gross Rent History

Year	Current Dollars	Constant 2020 Dollars
2025	$1,042	$820
2024	$1,091	$898
2023	$933	$792
2022	$888	$785
2020	$822	$822
2000	$437	$673
1990	$333	$655
1980	$252	$768
1970	$87	$514
1960	$67	$508
1950	$41	$385
1940	$22	$345

Territories Rent by Year

Among territories, Guam has the highest monthly FMR for a 2BR in 2025 ($1,765) while Puerto Rico has the lowest ($602).

• 2025 FMR for a 2BR apartment in American Samoa is $1,102 per month; a 1BR is $828.
• A 1BR in Guam is $1,345.
• 2025 FMR for a 2BR apartment in the Northern Mariana Islands is $996 per month; a 1BR is $759.
• Average monthly rent in Puerto Rico is $2,500 in 2025.
• FMR for a 1BR in Puerto Rico is $524 in 2025.
• 2025 FMR for a 2BR apartment in the Virgin Islands is $1,520 per month; a 1BR is $1,229.
• Average monthly rent in the Virgin Islands is $2,200 in 2025.
• Guam is the only territory where, compared to the 2025 national average 2BR FMR, apartments are more expensive (5.63% higher).
• In all other territories, the 2025 2BR FMR is below the U.S. average, including American Samoa (-39.4%), the Northern Mariana Islands (-40.4%), Puerto Rico (-64.0%), and the Virgin Islands (-9.04%).

Territories’ Fair Market Rent History

Territory Name	Year	2BR FMR
American Samoa	2025	$1,012
Guam	2025	$1,765
Northern Mariana Islands	2025	$996
Puerto Rico	2025	$602
	2024	$602
	2022	$503
Virgin Islands	2025	$1,520

Sources

1. U.S. Census Bureau
2. U.S. Federal Reserve Economic Data
3. U.S. Social Security Administration, National Average Wage Index
4. Federal Reserve Bank of Minneapolis, Inflation Calculator
5. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics
6. Zillow, Rental Manager: U.S. Rental Market
7. National Low Income Housing Coalition, Out of Reach: The High Cost of Housing
8. Harvard University, Joint Center for Housing Studies: Rental Housing
9. National Multifamily Housing Council, Market Conditions
10. U.S. Department of Housing and Urban Development, Fair Market Rents
11. U.S. Congressional Budget Office, An Update to the Economic Outlook: 2023 to 2025