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Metropolitan Rent Changes from 2018-2021
By: Rob Warnock
January 20, 2022
2021 was a sizzling hot year for rental markets across the country. Nationally, rents soared 17.8 percent, and 149 different metropolitan areas saw prices rise at least 10 percent. To put that in perspective, in 2019 only three metros experienced that level of rent growth. In 2021, the steepest increases were concentrated in Florida, whose temperate climate and relatively low cost-of-living attracted renters from across the country throughout the pandemic. The Sunshine State is home to the seven metros where rents grew the fastest.
For complete metro-level rent data, visit our data download page.
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LEAD ECONOMIC RESEARCHER
Rob Warnock is a Lead Economic Researcher at Apartment List, where he studies many of the underlying forces shaping the United States rental market: affordability, migration, homeownership, construction, demographic shifts, and more. Rob’s work highlights nationwide and local trends, and is cited frequently by many high-impact news organizations including Bloomberg, Marketplace, and The Hill as well as dozens of local outlets including those in his home markets, the San Francisco Chronicle and Los Angeles Times. Read More
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