Welcome to the January 2017 National Apartment List Rent Report! Nationwide, rents fell for the fourth straight month, though the index is beginning to level off. This seasonality is typical of the renting off-season, and we expect prices to begin rising again in coming months as more renters move in the new year.

National Rental Price Index

From November to December, rents fell in 51 out of the top 100 cities. National median rent prices for November came in at $1,100 for a 1-bedroom and $1,250 for a 2-bedroom; this represents a slight decrease from the month prior, and is 1.3% higher than December 2015.

The 10 Cities With the Highest Rents

January’s list of the nation’s most expensive cities consists of the same 10 coastal hubs as last month. Note that although these cities consistently rank as the costliest, they are not necessarily getting more expensive; only Seattle and Los Angeles have year-over-year rent growth above the national average, and five of the top 10 have actually seen rents fall over the past year. San Francisco continues to top our list, with New York following closely behind and Boston coming in at a distant third.

  • Seattle, WA: Seattle is the only city in the top 10 for both prices and rent growth. Rents there have grown 4.1% since this time last year, with the median prices now at $2,240 for a 2-bedroom and $1,680 for a 1-bedroom.
  • Miami, FL: Rents in Miami have been steadily declining for most of this year, with a year-over-year decrease of 1.4% (in the top 10, only San Francisco has seen rents fall faster). This is surely welcome news for the city’s renters, which, as we recently noted, are the country’s most cost-burdened. The median 2 bedroom in Miami goes for $2,330, while 1-bedrooms run $1,900.
  • San Jose, CA: After above average gains early in the year, rents in San Jose have declined steeply since July, and are now down 0.7% year-over-year. The median prices for 1- and 2-bedroom apartments here are now $2,070 and $2,550, respectively.

On the interior of the country, the most expensive cities include Denver (#15), Minneapolis (#16), and Dallas (#20).

10 Cities With the Fastest Growing Rents

  • Tacoma, WA: Tacoma continues to have the fastest growing rent prices on our list, with increases of 6.0% over the past year and 1.2% over just the past month. With median prices at $1,050 for a 1-bedroom and $1,190 for a 2-bedroom, it now ranks as the 38th most expensive of the top 100 cities.
  • Phoenix, AZ Year-over-year rent growth in Phoenix ranks 6th highest at 3.8%. Prices there have continued to show a strong upward trajectory even during the renting off-season; the median 2-bedroom costs $1,000 and 1-bedrooms run $830.
  • San Bernardino, CA: San Bernardino is part of the Riverside metro area, which our analysis shows has one of the highest shares of cost-burdened renters in the country. With a 3.2% increase in rents since December 2015, the strain on renters in this area does not appear likely to ease in the short-term.

Outside the top 10, other cities with above average rent growth include Las Vegas (2.9%), Charlotte (2.8%), and Kansas City (2.3%).

Please see additional data below for the nation’s 100 largest cities, or check out the full data for your city or county at our rental data page. And as always, feel free to contact us with any questions!

City NameMedian 1 BR priceMedian 2 BR priceM/M price changeY/Y price change
San Francisco, CA $3,340 $4,550 -0.1%-2.5%
New York, NY $3,200 $4,400 -0.1%0.7%
Boston, MA $2,790 $3,210 0.2%-0.1%
Washington, DC $2,150 $3,100 0.2%0.5%
Jersey City, NJ $2,630 $3,020 -1.4%0.6%
Los Angeles, CA $1,880 $2,600 -0.1%1.8%
San Jose, CA $2,070 $2,550 -0.2%-0.7%
Stamford, CT $1,920 $2,390 0.9%-0.1%
Miami, FL $1,900 $2,330 0.2%-1.4%
Seattle, WA $1,680 $2,240 -0.6%4.1%
Long Beach, CA $1,400 $2,000 0.2%1.6%
San Diego, CA $1,500 $2,000 0.0%1.4%
Fort Lauderdale, FL $1,400 $1,800 -0.3%-0.7%
Santa Ana, CA $1,570 $1,800 -0.2%1.5%
Denver, CO $1,350 $1,760 -0.4%0.8%
Minneapolis, MN $1,380 $1,750 0.8%2.1%
Anaheim, CA $1,400 $1,730 0.0%-0.4%
Atlanta, GA $1,360 $1,650 -0.1%2.8%
Dallas, TX $1,230 $1,650 0.0%2.3%
New Orleans, LA $1,430 $1,650 -0.1%-2.0%
Chicago, IL $1,400 $1,600 -0.3%1.6%
Portland, OR $1,400 $1,600 -0.3%1.1%
Philadelphia, PA $1,330 $1,570 0.1%0.8%
Austin, TX $1,190 $1,500 -0.2%1.0%
Baltimore, MD $1,410 0.4%0.9%
Houston, TX $1,100 $1,410 -0.4%-2.4%
Nashville, TN $1,400 -0.1%2.1%
Pittsburgh, PA $1,140 $1,380 0.4%1.2%
Aurora, CO $1,050 $1,350 -0.3%0.6%
Riverside, CA $1,090 $1,330 0.1%1.0%
Manchester, NH $1,080 $1,280 0.5%3.2%
St. Petersburg, FL$900 $1,270 0.0%1.6%
Charlotte, NC $1,050 $1,200 0.1%2.8%
Tampa, FL $1,000 $1,200 -0.2%1.8%
Orlando, FL $1,030 $1,200 0.1%2.8%
St. Paul, MN$980 $1,200 0.1%3.1%
Sacramento, CA $1,000 $1,200 0.3%1.7%
Tacoma, WA $1,050 $1,190 1.2%6.0%
Madison, WI$880 $1,180 -0.1%0.9%
Virginia Beach, VA$890 $1,150 0.1%-0.1%
Anchorage, AK$930 $1,150 -0.4%-7.1%
Fort Worth, TX$920 $1,140 -0.3%1.9%
Vancouver, WA$960 $1,100 0.4%2.7%
Durham, NC$900 $1,100 0.4%3.0%
Milwaukee, WI $1,090 0.7%2.1%
Richmond, VA$950 $1,070 -0.2%1.9%
St. Louis, MO$880 $1,040 -0.3%-0.4%
San Antonio, TX$850 $1,030 -0.1%1.9%
Corpus Christi, TX$820 $1,030 -0.1%0.7%
Raleigh, NC $1,010 -0.3%1.7%
Colorado Springs, CO$820 $1,000 -0.9%5.8%
Stockton, CA$790 $1,000 -0.5%3.1%
Phoenix, AZ$830 $1,000 0.4%3.8%
Salt Lake City, UT$800 $1,000 0.4%2.3%
Baton Rouge, LA $1,000 0.1%2.1%
Arlington, TX$780$990-0.5%5.0%
San Bernardino, CA$780$9900.2%3.2%
Las Vegas, NV$850$9800.1%2.9%
Jacksonville, FL$850$9600.1%1.3%
Rochester, NY$810$950-0.2%0.0%
Reno, NV$700$9300.1%4.8%
Grand Rapids, MI$790$930-0.2%3.6%
Birmingham, AL$930-0.3%1.4%
Providence, RI$910-1.0%3.5%
Omaha, NE$760$9100.0%0.9%
Mesa, AZ$740$900-0.1%3.1%
Columbus, OH$750$9000.2%2.0%
Lincoln, NE$690$880-0.5%1.1%
Fresno, CA$750$870-0.2%1.2%
Boise, ID$700$850-0.5%1.7%
Norfolk, VA$8500.9%-0.1%
Des Moines, IA$850-0.9%1.9%
Kansas City, MO$8500.3%2.3%
Cincinnati, OH$700$8300.6%0.9%
Bakersfield, CA$700$830-0.2%-0.2%
Knoxville, TN$8200.6%3.2%
Albuquerque, NM$650$810-0.1%1.0%
Louisville, KY$700$800-0.1%3.9%
Little Rock, AR$670$8000.4%2.4%
Indianapolis, IN$700$8000.0%0.5%
Lexington, KY$630$8000.7%0.6%
El Paso, TX$610$8000.2%-1.8%
Cleveland, OH$620$780-0.1%0.2%
Oklahoma City, OK$660$7800.0%1.1%
Tallahassee, FL$660$780-0.5%0.2%
Greensboro, NC$650$7600.3%1.1%
Spokane, WA$630$760-0.5%1.9%
Tucson, AZ$560$7500.1%1.1%
Winston-Salem, NC$750-0.5%0.4%
Tulsa, OK$580$7500.2%-2.8%
Mobile, AL$660$7400.0%2.3%
Toledo, OH$530$7000.6%2.0%
Memphis, TN$7000.0%0.2%
Fayetteville, NC$610$7000.5%0.0%
Montgomery, AL$6902.0%1.8%
Detroit, MI$600$680-0.1%1.9%
Columbus, GA$600$6800.0%-1.1%
Wichita, KS$530$6500.5%0.7%
Fort Wayne, IN$500$6000.7%1.9%
Huntsville, AL$480$570-0.2%-0.3%

Check out our rent reports for the following cities:

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Methodology:

Apartment List Rent Report data is drawn monthly from the millions of listings on our site. 1-bedroom and 2-bedroom rents are calculated as the median for units available in the specified size and time period. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, taking the average price change for units available across both time periods. For top city rankings, we calculated median 1-bedroom and 2-bedroom rents in 100 top cities and then ranked them by 2-bedroom rents.

About Apartment List Rent Reports:

Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top cities, and identify the key facts renters should know. As always, our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home. Apartment List publishes Rent Reports during the first calendar week of each month.