Find apartments for rent in
Search by Bedrooms
Search by Price
Search by Apartment Type and Amenities
Discover apartments in all 50 states
Not sure how much you should be paying?Tell us a little about your budget and we'll help you find the right price
Browse by neighborhoods
In a year when people have yearned for a return to normal, the rental market has been anything but. Not only are rent prices rising, they are rising tremendously fast and rising virtually everywhere. According to our national rent estimates, prices jumped over 11 percent in the first half of 2021, more than doubling the rate of inflation and more than tripling the typical rent growth we measured in the several years preceding the pandemic. Today, 87 of the nation’s 100 largest cities have fully rebounded to pre-pandemic rent prices, and in smaller cities like Boise, ID; Bend, OR; and Spokane, WA; rents are up more than 30 percent since last March.
What’s driving these dramatic rent spikes? In this report, we highlight five interconnected trends that help explain why rent increases are sweeping the nation. We do not intend for this to be a comprehensive list, nor do we suggest the relative weight of each individual factor on price changes. Instead, we hope to highlight ways in which the COVID-19 pandemic has exacerbated affordability concerns by disrupting supply and demand in both the rental and for-sale housing markets.
- There are 4.6 million workers in the U.S. who commute 90+ minutes each way, comprising 3.1 percent of the American workforce. From 2010 to 2019, the number of super commuters nationally increased by 45 percent, more than tripling the growth rate of the overall workforce.
- Super commuting is concentrated in the nation's most expesnive markets -- the New York City, Los Angeles, and San Francisco regions collectively contain nearly one-in-three super commuters nationally.
- Nearly half of super commuters live within a 30 mile radius of their region’s commercial center, illustrating how this trend is symptomatic of excessive traffic congestion and lack of public transit options. Those who commute by public transit are five times more likely to be super commuters compared to those who drive.
- Remote work is unlikely to meaningfully alleviate this long-term trend. Since the start of the pandemic, the fastest rent growth in large metros has been occuring in the further suburbs and exurbs, indicating that hybrid remote work arrangement could create a new class of part-time super commuters.
- With massive infrastructure investments currently top of mind for policymakers, the rapid expansion of super commuting highlights the need to rethink America’s urban areas in a way that prioritizes plentiful new housing developed around robust public transit.
The COVID-19 pandemic jumpstarted residential mobility, which had been slowing for decades. The national mover rate - the percentage who changed residences during the previous year - has more than halved since the mid-1980s, falling from over 20 percent to less than 10 just before the pandemic. And although the immediate response to COVID was to shelter-in-place, migration picked up quickly after that. Our survey research indicates that more Americans moved in the year after the pandemic than in the year before. Among full-time workers, 16 percent moved between April 2020 and April 2021. And Google Trends data show that interest in apartment rentals is higher now than during and before the pandemic.1
Search on the go with our Apartment List Mobile Apps
Download our app! Search on the go with the Apartment List mobile app. Get personalized matches, easily compare favorites, and contact apartments, all within a beautiful experience designed for the modern day renter. Finding a home has never been easier.
We work hard to find the listings that are most relevant to you, making your search easier. From finding the right location to a manageable commute and beyond, we‘re genuinely pumped about helping you through the entire process.
How It Works
At Apartment List, our mission is to find you a home and our method is trust and transparency. With tons of homes and apartments for rent in almost every state, city, and neighborhood across the nation, we‘re here to help you find your next home.
Here’s how it works: first, we get to know you. You’ll answer a few simple questions and we’ll find the best matches – just for you. Then, we mix and match your personalized results, making it easy to discover places with the perfect combination of price, location and amenities. From there, we help you figure out which listings are best to visit and eventually lease, showing you up-to-date pricing and availability, rent specials, and much more. After all, everyone deserves a home they love.