**Highlights.** The average monthly rent in the U.S. in 2023 was **$1,448**, up *7.95%* year-over-year (YoY).

- If trends continue, the average renter will pay
**$18,252**in 2024 (*$1,521*/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 since**1981**(8.68%). - Annual rent per square foot in 2024 is an estimated
**$26.21//ft**, up^{2}*39.5%*from 2020 ($18.79/ft^{2}).

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

Year | Average Monthly Rent | Average Annual Change |
---|---|---|

2024 | $1,521 | 5.07% |

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% |

Jump to a state: AL | AK | AZ | AR | CA | CO | CT | DE | DC | FL | GA | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | RI | SC | SD | TN | TX | UT | VT | VA | WA | WV | WI | WY | territories

## 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 June 2024, the nationwide average rent is up 5.07% YoY.
- From 2019 to 2023, rent prices increased with a compound annual growth rate (CAGR) of 4.84%.
- 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 $1,154.
- New apartments have a median asking rent of $1,760 as of 2023 according to Harvard University’s Joint Center for Housing Studies
- According to Zillow’s methodology, the median rent in the U.S. is $2,139 as of June 2024.
- For a 2BR, Zillow calculates the median rent as $1,925.
- The median rent was $1,015 in 2021 according to the U.S. Census Bureau’s American Housing Survey.
- Median gross rent in the U.S. grew the fastest in the 1970s, 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 2023, the average annual rent per square foot increased by an estimated 5.42%; the average monthly rent, meanwhile, increased 7.95%.
- Compared to average rent per square foot, the average rent increased by an additional 2.53 percentage points (46.7%).
- The average rent per square foot grew 15.3% between 2020 ($18.79/ft
^{2}) and 2021 ($21.67/ft^{2}). - Compared to the change in average rent from 2020 to 2021 (6.76%), rent per square foot saw a 126% higher increase.
- From 2003 to 2023, the average rent per square foot increased at an average annual rate of 3.80%.

Year | Annual Rent per Ft^{2} |
Annual Growth |
---|---|---|

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 3.91%; wages have increased more slowly (CAGR 3.73%).
- The median RTI in 2024 is 28.19% (assuming a median full-time wage of $1,143/week).
- Assuming a median-rent-to-median-income ratio, the median RTI has increased 6.66% since 2010 (26.43% RTI).
- A full-time employed male making a median weekly wage of $1,239 and paying median rent has a 26.03% median RTI.
- The median RTI for males has increased 8.73% since 2010 (23.94% RTI).
- Female full-time wage-earners make a weekly median $1,026; with a median rent, that’s a 31.42% RTI.
- The median RTI for females has increased 6.65% 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

One year of FMR for a 2BR in Alabama totals $12,756 in 2025, down from $13,032 in 2024.

- One year of FMR for a 2BR in Alabama totals $12,756 in 2025, down from $13,032 in 2024.
- 2025 FMR for a 2BR in Alabama is $1,063; a 1BR is $897.
- Median monthly rent in Alabama is $1,450 in 2024; for a 2BR, the median rent is $1,095.
- 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.
- 2024 median monthly rent in Alabama is 121 times higher than 1940; after adjusting for inflation, it is 6.01 times higher.

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

One year of FMR for a 2BR in Alaska totals $18,312 in 2025, up from $17,856 in 2024.

- 2025 FMR for a 2BR apartment in Alaska is $1,526per month; a 1BR is $1,178.
- Median monthly rent in Alaska is $1,995 in 2024; for a 2BR, median rent is $1,850.
- 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.
- 2024 median monthly rent in Alaska is 15 times higher than 1960; after adjusting for inflation, it is 67.8% higher.

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

One year of FMR for a 2BR in Arizona totals $21,312 in 2025, up from $20,400 in 2024.

- 2025 FMR for a 2BR apartment in Arizona is $1,776 per month; a 1BR is $1,496.
- Median monthly rent in Arizona is $2,079 in 2024; for a 2BR, median rent is $1,750.
- 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.
- 2024 median monthly rent in Arizona is 114.5 times higher than 1940; after adjusting for inflation, it is 5.71 times as high.

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

One year of FMR for a 2BR in Arkansas totals $11,712 in 2025, down from $11,844 in 2024.

- 2025 FMR for a 2BR apartment in Arkansas is $976 per month; a 1BR is $798.
- Median monthly rent in Arkansas is $1,375 in 2024; for a 2BR, median rent is $1,000.
- 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.
- 2024 median monthly rent in Arkansas is 114 times higher than 1940; after adjusting for inflation, it is 5.71 times as high.

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

One year of FMR for a 2BR in California totals $30,216 in 2025, up from $29,568 in 2024.

- 2025 FMR for a 2BR apartment in California is $2,518 per month; a 1BR is $2,042.
- Median monthly rent in California is $2,850 in 2024; for a 2BR, median rent is $2,803.
- 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.
- 2024 median monthly rent in California is 105 times higher than 1940; after adjusting for inflation, it is 5.20 times as high.

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

One year of FMR for a 2BR in Colorado totals $22,584 in 2025, down from $23,376 in 2024.

- 2025 FMR for a 2BR apartment in Colorado is $1,882 per month; a 1BR is $1,555.
- Median monthly rent in Colorado is $2,282 in 2024; for a 2BR, median rent is $2,000.
- 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.
- 2024 median monthly rent in Colorado is 103 times higher than 1940; after adjusting for inflation, it is 5.18 times as high.

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

One year of FMR for a 2BR in Connecticut totals $22,068 in 2025, up from $21,552 in 2024.

- 2025 FMR for a 2BR apartment in Connecticut is $1,839 per month; a 1BR is $1,489.
- Median monthly rent in Connecticut is $2,000 in 2024; for a 2BR, median rent is $1,995.
- 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.
- 2024 median monthly rent in Connecticut is 58 times higher than 1940; after adjusting for inflation, it is 2.98 times as high.

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

One year of FMR for a 2BR in Delaware totals $19,764 in 2025, up from $19,128 in 2024.

- 2025 FMR for a 2BR apartment in Delaware is $1,647 per month; a 1BR is $1,343.
- Median monthly rent in Delaware is $2,000 in 2024; for a 2BR, median rent is $1,730.
- 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.
- 2024 median monthly rent in Delaware is 66 times higher than 1940; after adjusting for inflation, it is 3.39 times as high.

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

One year of FMR for a 2BR in D.C. totals $27,768 in 2025, up from $24,540 in 2024.

- 2025 FMR for a 2BR apartment in D.C. is $2,314 per month; a 1BR is $2,056.
- Median monthly rent in D.C. is $2,545 in 2024; for a 2BR, median rent is $3,000.
- 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.
- 2024 median monthly rent in D.C. is 56 times higher than 1940; after adjusting for inflation, it is 2.82 times as high.

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

One year of FMR for a 2BR in Florida totals $22,740 in 2025, up from $21,996 in 2024.

- 2025 FMR for a 2BR apartment in Florida is $1,895 per month; a 1BR is $1,588.
- Median monthly rent in Florida is $2,500 in 2024; for a 2BR, median rent is $2,375.
- 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.
- 2024 median monthly rent in Florida is 155 times higher than 1940; after adjusting for inflation, it is 8.01 times as high.

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

One year of FMR for a 2BR in Georgia totals $18,360 in 2025, up from $18,084 in 2024.

- 2025 FMR for a 2BR apartment in Georgia is $1,530 per month; a 1BR is $1,355.
- Median monthly rent in Georgia is $1,995 in 2024; for a 2BR, median rent is $1,630.
- 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.
- 2024 median monthly rent in Georgia is 152 times higher than 1940; after adjusting for inflation, it is 7.78 times as high.

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

One year of FMR for a 2BR in Hawaii totals $30,372 in 2025, up from $27,828 in 2024.

- 2025 FMR for a 2BR apartment in Hawaii is $2,531 per month; a 1BR is $1,936.
- Median monthly rent in Hawaii is $3,000 in 2024; for a 2BR, median rent is $2,912.
- 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.
- 2024 median monthly rent in Hawaii is 41 times higher than 1960; after adjusting for inflation, it is 4.41 times as high.

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

One year of FMR for a 2BR in Idaho totals $17,292 in 2025, up from $14,388 in 2024.

- 2025 FMR for a 2BR apartment in Idaho is $1,441 per month; a 1BR is $1,182.
- Median monthly rent in Idaho is $1,750 in 2024; for a 2BR, median rent is $1,445.
- 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.
- 2024 median monthly rent in Idaho is more than 82 times higher than 1940; after adjusting for inflation, it is 2.86 times as high.

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

One year of FMR for a 2BR in Illinois totals $16,140 in 2025, down from $17,976 in 2024.

- 2025 FMR for a 2BR apartment in Illinois is $1,345 per month; a 1BR is $1,141.
- Median monthly rent in Illinois is $1,800 in 2024; for a 2BR, median rent is $1,800.
- 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.
- 2024 median monthly rent in Illinois is 54 times higher than 1940; after adjusting for inflation, it is 2.77 times as high.

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

One year of FMR for a 2BR in Indiana totals $13,668 in 2025, down from $13,776 in 2024.

- 2025 FMR for a 2BR apartment in Indiana is $1,139 per month; a 1BR is $940.
- Median monthly rent in Indiana is $1,412 in 2024; for a 2BR, median rent is $1,175.
- 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.
- 2024 median monthly rent in Indiana is 58 times higher than 1940; after adjusting for inflation, it is 3.0 times as high.

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

One year of FMR for a 2BR in Iowa totals $12,324 in 2025, up from $11,772 in 2024.

- 2025 FMR for a 2BR apartment in Iowa is $1,027 per month; a 1BR is $826.
- Median monthly rent in Iowa is $1,150 in 2024; for a 2BR, median rent is $1,000.
- 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.
- 2024 median monthly rent in Iowa is 49 times higher than 1940; after adjusting for inflation, it is 2.50 times as high.

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

One year of FMR for a 2BR in Kansas totals $12,984 in 2025, up from $12,720 in 2024.

- 2025 FMR for a 2BR apartment in Kansas is $1,082 per month; a 1BR is $882.
- Median monthly rent in Kansas is $1,250 in 2024; for a 2BR, median rent is $995.
- 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.
- 2024 median monthly rent in Kansas is 65 times higher than 1940; after adjusting for inflation, it is 3.35 times as high.

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

One year of FMR for a 2BR in Kentucky totals $13,152 in 2025, up from $13,080 in 2024.

- 2025 FMR for a 2BR apartment in Kentucky is $1,096 per month; a 1BR is $886.
- Median monthly rent in Kentucky is $1,375 in 2024; for a 2BR, median rent is $1,200.
- 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.
- 2024 median monthly rent in Kentucky is 85 times higher than 1940; after adjusting for inflation, it is 4.30 times as high.

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

One year of FMR for a 2BR in Louisiana totals $14,088 in 2025, up from $13,800 in 2024.

- 2025 FMR for a 2BR apartment in Louisiana is $1,174 per month; a 1BR is $980.
- Median monthly rent in Louisiana is $1,500 in 2024; for a 2BR, median rent is $1,304.
- 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.
- 2024 median monthly rent in Louisiana is 99 times higher than 1940; after adjusting for inflation, it is 4.99 times as high.

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

One year of FMR for a 2BR in Maine totals $17,412 in 2025, up from $16,464 in 2024.

- 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.
- 2024 median monthly rent in Maine is 82 times higher than 1940; after adjusting for inflation, it is 4.18 times as high.

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

One year of FMR for a 2BR in Maryland totals $24,468 in 2025, up from $22,908 in 2024.

- 2025 FMR for a 2BR apartment in Maryland is $2,039 per month; a 1BR is $1,735.
- Median monthly rent in Maryland is $1,900 in 2024; for a 2BR, median rent is $1,779.
- 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.
- 2024 median monthly rent in Maryland is 69 times higher than 1940; after adjusting for inflation, it is 3.57 times as high.

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

One year of FMR for a 2BR in Massachusetts totals $27,468 in 2025, down from $27,984 in 2024.

- 2025 FMR for a 2BR apartment in Massachusetts is $2,289 per month; a 1BR is $1,874.
- Median monthly rent in Massachusetts is $3,100 in 2024; for a 2BR, median rent is $3,038.
- 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.
- 2024 median monthly rent in Massachusetts is 90 times higher than 1940; after adjusting for inflation, it is 4.61 times as high.

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

One year of FMR for a 2BR in Michigan totals $15,012 in 2025, up from $14,448 in 2024.

- 2025 FMR for a 2BR apartment in Michigan is $1,251 per month; a 1BR is $1,005.
- Median monthly rent in Michigan is $1,400 in 2024; for a 2BR, median rent is $1,300.
- 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.
- 2024 median monthly rent in Michigan is 41 times higher than 1940; after adjusting for inflation, it is 2.14 times as high.

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

One year of FMR for a 2BR in Minnesota totals $17,304 in 2025, up from $17,016 in 2024.

- 2025 FMR for a 2BR apartment in Minnesota is $1,442 per month; a 1BR is $1,171.
- Median monthly rent in Minnesota is $1,550 in 2024; for a 2BR, median rent is $1,517.
- 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.
- 2024 median monthly rent in Minnesota is 54 times higher than 1940; after adjusting for inflation, it is 2.78 times as high.

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

One year of FMR for a 2BR in Mississippi totals $12,936 in 2025, up from $12,504 in 2024.

- 2025 FMR for a 2BR apartment in Mississippi is $1,078 per month; a 1BR is $908.
- Median monthly rent in Mississippi is $1,450 in 2024; for a 2BR, median rent is $1,000.
- 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.
- 2024 median monthly rent in Mississippi is 131 times higher than 1940; after adjusting for inflation, it is 6.47 times as high.

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

One year of FMR for a 2BR in Missouri totals $13,296 in 2025, up from $12,996 in 2024.

- 2025 FMR for a 2BR apartment in Missouri is $1,108 per month; a 1BR is $909.
- Median monthly rent in Missouri is $1,325 in 2024; for a 2BR, median rent is $1,200.
- 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.
- 2024 median monthly rent in Missouri is 59 times higher than 1940; after adjusting for inflation, it is 3.00 times as high.

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

One year of FMR for a 2BR in Montana totals $15,204 in 2025, up from $12,936 in 2024.

- 2025 FMR for a 2BR apartment in Montana is $1,267 per month; a 1BR is $1,002.
- Median monthly rent in Montana is $1,800 in 2024; for a 2BR, median rent is $1,595.
- 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.
- 2024 median monthly rent in Montana is 77 times higher than 1940; after adjusting for inflation, it is 3.97 times as high.

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

One year of FMR for a 2BR in Nebraska totals $13,296 in 2025, up from $12,684 in 2024.

- 2025 FMR for a 2BR apartment in Nebraska is $1,108 per month; a 1BR is $904.
- Median monthly rent in Nebraska is $1,350 in 2024; for a 2BR, median rent is $1,200.
- 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.
- 2024 median monthly rent in Nebraska is 60 times higher than 1940; after adjusting for inflation, it is 3.12 times as high.

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

One year of FMR for a 2BR in Nevada totals $20,376 in 2025, up from $19,260 in 2024.

- 2025 FMR for a 2BR apartment in Nevada is $1,698 per month; a 1BR is $1,413.
- Median monthly rent in Nevada is $2,095 in 2024; for a 2BR, median rent is $1,604.
- 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.
- 2024 median monthly rent in Nevada is 80 times higher than 1940; after adjusting for inflation, it is 4.04 times as high.

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

One year of FMR for a 2BR in New Hampshire totals $21,756 in 2025, up from $20,472 in 2024.

- 2025 FMR for a 2BR apartment in New Hampshire is $1,813 per month; a 1BR is $1,392.
- Median monthly rent in New Hampshire is $2,175 in 2024; for a 2BR, median rent is $2,163.
- 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.
- 2024 median monthly rent in New Hampshire is 83 times higher than 1940; after adjusting for inflation, it is 4.24 times as high.

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

One year of FMR for a 2BR in New Jersey totals $24,552 in 2025, up from $23,760 in 2024.

- 2025 FMR for a 2BR apartment in New Jersey is $2,046 per month; a 1BR is $1,700.
- Median monthly rent in New Jersey is $2,500 in 2024; for a 2BR, median rent is $2,500.
- 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.
- 2024 median monthly rent in New Jersey is 68 times higher than 1940; after adjusting for inflation, it is 3.49 times as high.

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

One year of FMR for a 2BR in New Mexico totals $14,304 in 2025, up from $13,608 in 2024.

- 2025 FMR for a 2BR apartment in New Mexico is $1,192 per month; a 1BR is $985.
- Median monthly rent in New Mexico is $1,773 in 2024; for a 2BR, median rent is $1,468.
- 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.
- 2024 median monthly rent in New Mexico is 103 times higher than 1940; after adjusting for inflation, it is 5.23 times as high.

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

One year of FMR for a 2BR in New York totals $25,776 in 2025, down from $27,936 in 2024.

- 2025 FMR for a 2BR apartment in New York is $2,148 per month; a 1BR is $1,882.
- Median monthly rent in New York is $3,600 in 2024; for a 2BR, median rent is $3,900.
- 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.
- 2024 median monthly rent in New York is 91 times higher than 1940; after adjusting for inflation, it is 4.65 times as high.

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

One year of FMR for a 2BR in North Carolina totals $16,668 in 2025, up from $15,732 in 2024.

- 2025 FMR for a 2BR apartment in North Carolina is $1,389 per month; a 1BR is $1,210.
- Median monthly rent in North Carolina is $1,889 in 2024; for a 2BR, median rent is $1,500.
- 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.
- 2024 median monthly rent in North Carolina is 134 times higher than 1940; after adjusting for inflation, it is 6.53 times as high.

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

One year of FMR for a 2BR in North Dakota totals $12,084 in 2025, up from $11,472 in 2024.

- 2025 FMR for a 2BR apartment in North Dakota is $1,007 per month; a 1BR is $836.
- Median monthly rent in North Dakota is $1,055 in 2024; for a 2BR, median rent is $935.
- 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.
- 2024 median monthly rent in North Dakota is 49 times higher than 1940; after adjusting for inflation, it is 2.53 times as high.

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

One year of FMR for a 2BR in Ohio totals $13,788 in 2025, up from $12,984 in 2024.

- 2025 FMR for a 2BR apartment in Ohio is $1,149 per month; a 1BR is $918.
- Median monthly rent in Ohio is $1,300 in 2024; for a 2BR, median rent is $1,200.
- 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.
- 2024 median monthly rent in Ohio is 45.4 times higher than 1940; after adjusting for inflation, it is 2.33 times as high.

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

One year of FMR for a 2BR in Oklahoma totals $12,948 in 2025, up from $12,420 in 2024.

- 2025 FMR for a 2BR apartment in Oklahoma is $1,079 per month; a 1BR is $866.
- Median monthly rent in Oklahoma is $1,400 in 2024; for a 2BR, median rent is $1,095.
- 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.
- 2024 median monthly rent in Oklahoma is 86.5 times higher than 1940; after adjusting for inflation, it is 4.28 times as high.

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

One year of FMR for a 2BR in Oregon totals $20,304 in 2025, up from $20,184 in 2024.

- 2025 FMR for a 2BR apartment in Oregon is $1,692 per month; a 1BR is $1,410.
- Median monthly rent in Oregon is $1,850 in 2024; for a 2BR, median rent is $1,700.
- 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.
- 2024 median monthly rent in Oregon is 87 times higher than 1940; after adjusting for inflation, it is 4.35 times as high.

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

One year of FMR for a 2BR in Pennsylvania totals $17,052 in 2025, up from $16,380 in 2024.

- 2025 FMR for a 2BR apartment in Pennsylvania is $1,421 per month; a 1BR is $1,170.
- Median monthly rent in Pennsylvania is $1,550 in 2024; for a 2BR, median rent is $1,550.
- 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.
- 2024 median monthly rent in Pennsylvania is 56 times higher than 1940; after adjusting for inflation, it is 2.84 times as high.

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

One year of FMR for a 2BR in Rhode Island totals $19,740 in 2025, down from $20,712 in 2024.

- 2025 FMR for a 2BR apartment in Rhode Island is $1,645 per month; a 1BR is $1,338.
- Median monthly rent in Rhode Island is $2,200 in 2024; for a 2BR, median rent is $2,100.
- 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.
- 2024 median monthly rent in Rhode Island is 78 times higher than 1940; after adjusting for inflation, it is 3.95 times as high.

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

One year of FMR for a 2BR in South Carolina totals $16,068 in 2025, up from $15,024 in 2024.

- 2025 FMR for a 2BR apartment in South Carolina is $1,339 per month; a 1BR is $1,173.
- Median monthly rent in South Carolina is $1,880 in 2024; for a 2BR, median rent is $1,545.
- 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.
- 2024 median monthly rent in South Carolina is 156 times higher than 1940; after adjusting for inflation, it is 8.11 times as high.

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

One year of FMR for a 2BR in South Dakota totals $11,784 in 2025, down from $12,288 in 2024.

- 2025 FMR for a 2BR apartment in South Dakota is $982 per month; a 1BR is $792.
- Median monthly rent in South Dakota is $1,295 in 2024; for a 2BR, median rent is $1,199.
- 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.
- 2024 median monthly rent in South Dakota is 61 times higher than 1940; after adjusting for inflation, it is 3.07 times as high.

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

One year of FMR for a 2BR in Tennessee totals $16,500 in 2025, up from $15,168 in 2024.

- 2025 FMR for a 2BR apartment in Tennessee is $1,375 per month; a 1BR is $1,179.
- Median monthly rent in Tennessee is $1,800 in 2024; for a 2BR, median rent is $1,460.
- 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.
- 2024 median monthly rent in Tennessee is 119 times higher than 1940; after adjusting for inflation, it is 6.06 times as high.

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

One year of FMR for a 2BR in Texas totals $18,036 in 2025, up from $17,400 in 2024.

- 2025 FMR for a 2BR apartment in Texas is $1,503 per month; a 1BR is $1,259.
- Median monthly rent in Texas is $1,940 in 2024; for a 2BR, median rent is $1,500.
- 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.
- 2024 median monthly rent in Texas is 113 times higher than 1940; after adjusting for inflation, it is 5.76 times as high.

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

One year of FMR for a 2BR in Utah totals $18,012 in 2025, up from $16,776 in 2024.

- 2025 FMR for a 2BR apartment in Utah is $1,501 per month; a 1BR is $1,242.
- Median monthly rent in Utah is $1,860 in 2024; for a 2BR, median rent is $1,568.
- 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.
- 2024 median monthly rent in Utah is 80 times higher than 1940; after adjusting for inflation, it is 4.08 times as high.

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

One year of FMR for a 2BR in Vermont totals $18,144 in 2025, down from $18,360 in 2024.

- 2025 FMR for a 2BR apartment in Vermont is $1,512 per month; a 1BR is $1,197.
- Median monthly rent in Vermont is $2,250 in 2024; for a 2BR, median rent is $2,200.
- 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.
- 2024 median monthly rent in Vermont is 93 times higher than 1940; after adjusting for inflation, it is 4.66 times as high.

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

One year of FMR for a 2BR in Virginia totals $20,916 in 2025, up from $18,876 in 2024.

- 2025 FMR for a 2BR apartment in Virginia is $1,743 per month; a 1BR is $1,527.
- Median monthly rent in Virginia is $2,095 in 2024; for a 2BR, median rent is $1,764.
- 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.
- 2024 median monthly rent in Virginia is 109 times higher than 1940; after adjusting for inflation, it is 5.55 times as high.

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

One year of FMR for a 2BR in Washington totals $24,840 in 2025, down from $25,164 in 2024.

- 2025 FMR for a 2BR apartment in Washington is $2,070 per month; a 1BR is $1,729.
- Median monthly rent in Washington is $2,112 in 2024; for a 2BR, median rent is $1,999.
- 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.
- 2024 median monthly rent in Washington is 95 times higher than 1940; after adjusting for inflation, it is 4.88 times as high.

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

One year of FMR for a 2BR in West Virginia totals $11,772 in 2025, up from $11,520 in 2024.

- 2025 FMR for a 2BR apartment in West Virginia is $981 per month; a 1BR is $797.
- Median monthly rent in West Virginia is $1,000 in 2024; for a 2BR, median rent is $900.
- 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.
- 2024 median monthly rent in West Virginia is 58 times higher than 1940; after adjusting for inflation, it is 2.93 times as high.

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

One year of FMR for a 2BR in Wisconsin totals $14,124 in 2025, up from $13,548 in 2024.

- 2025 FMR for a 2BR apartment in Wisconsin is $1,177 per month; a 1BR is $955.
- Median monthly rent in Wisconsin is $1,300 in 2024; for a 2BR, median rent is $1,229.
- 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.
- 2024 median monthly rent in Wisconsin is 41 times higher than 1940; after adjusting for inflation, it is 2.10 times as high.

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

One year of FMR for a 2BR in Wyoming totals $12,504 in 2025, down from $13,092 in 2024.

- 2025 FMR for a 2BR apartment in Wyoming is $1,042 per month; a 1BR is $828.
- Median monthly rent in Wyoming is $1,400 in 2024; for a 2BR, median rent is $1,250.
- 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.
- 2024 median monthly rent in Wyoming is 63 times higher than 1940; after adjusting for inflation, it is 2.22 times as high.

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.
- A 1BR in Puerto Rico is $524.
- 2025 FMR for a 2BR apartment in the Virgin Islands is $1,520 per month; a 1BR is $1,229.
- Median monthly rent in Puerto Rico is $2,500 in 2024; for a 2BR, median rent is $2,500.
- Median monthly rent in the Virgin Islands is $2,250 in 2024; for a 2BR, median rent is $2,400.
- 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%).

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

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