logo

Which Apartment Amenities Impact Rent Prices Most?


There are a lot of things to consider when searching for your new apartment, including which apartment amenities are most important to you. But how much will it cost to get all the extra perks on your wish list? To find out, our analysts examined hundreds of thousands of apartment listings nationwide and used a mathematical model to determine which apartment amenities raise rents most – and by how much.

Topping the list of priciest perks is the on-site fitness center, which our study shows can drive up rents by nearly 10%, or $159/month based on the national median 2-bedroom rent of $1590. Renters will also pay roughly 8% more for a place with an in-unit washer/dryer, which is one of the most coveted rental features. Likewise, attached outdoor spaces, which became especially sought-after during the pandemic, also drive up monthly rent. You can expect to pay at least 7% more ($111/month) for a unit with a balcony and 5% more ($80/month) for a patio.

Meanwhile, our study reveals a handful of popular amenities that have surprisingly little effect on apartment rental prices. For example, dishwashers, garbage disposals and even air-conditioning have much less of price impact – just 2%. And we found that other extras such as pet-friendly rental policies, hardwood floors, basements and yards have even less impact (<1%) on price. Notably, a pet-friendly rental policy is the most sought-after feature among renters using our site. Most properties charge additional pet fees beyond the advertised rent for tenants renting with pets.

Which Apartment Amenities Drive Up Rents The Most?

Amenity% Effect on Rent PriceEstimated monthly cost (based on $1590 nat’l median 2-bed rent)
On-site fitness center10%$159
Washer-Dryer8%$127
On-site swimming pool8%$127
Elevator7%$111
Balcony7%$111
Garage6%$95
Patio5%$80
Dishwasher2%$32
Garbage disposal2%$32
Air conditioning2%$32
Hardwood floors<1%N/A
Basement<1%N/A
Yard<1%N/A

If you are embarking on an apartment search, keep in mind that while location, number of bedrooms and bathrooms, and square footage have the greatest impact on apartment rents, apartment amenities can also drive higher rents. The key is to define your must-have upgrades and determine what you can live without. Then, focus your online apartment search accordingly.

Methodology

For this study, analysts at ApartmentAdvisor examined more than 250,000 apartments listed for rent in metropolitan areas nationwide, then used a mathematic linear regression model to determine the average price effect of the most common apartment amenities, controlling for the effect of square footage, number of bedrooms and bathrooms, and location. The values of amenities were determined as a percentage of apartment rent based on that amenity alone compared to like-units without that amenity. Often, units have more than one of these amenities and in such cases, the overall total effect would be less than the sum of each of the values noted. Analysts also note that availability of some amenities varies based on location, and the building’s class and age. The percentage calculations represent a nationwide average; specific valuation percentages may vary slightly from location to location. The estimated dollar amounts noted in association with each amenity were extrapolated from the national median 2-bedroom rent ($1590/month) as reported in ApartmentAdvisor’s October National Rent Report. Percentages in the chart above were rounded up to the nearest whole number. For more information about this study, please contact pr@apartmentadvisor.com.

Find the best deal

We rate and sort every listing based on fair market rent.

Top metro areas

Atlanta Apartments

605 apartments starting at $625/month

Austin Apartments

877 apartments starting at $599/month

Baltimore Apartments

527 apartments starting at $150/month

Birmingham Apartments

204 apartments starting at $550/month

Boston Apartments

2,065 apartments starting at $150/month

Buffalo Apartments

82 apartments starting at $150/month

Charlotte Apartments

605 apartments starting at $250/month

Chicago Apartments

3,914 apartments starting at $150/month

Cincinnati Apartments

239 apartments starting at $150/month

Cleveland Apartments

333 apartments starting at $395/month

Columbus Apartments

712 apartments starting at $150/month

Dallas Apartments

1,118 apartments starting at $400/month

Denver Apartments

699 apartments starting at $600/month

Detroit Apartments

395 apartments starting at $300/month

Grand Rapids Apartments

160 apartments starting at $408/month

Hartford Apartments

77 apartments starting at $850/month

Houston Apartments

583 apartments starting at $400/month

Indianapolis Apartments

474 apartments starting at $350/month

Jacksonville Apartments

741 apartments starting at $400/month

Kansas City Apartments

459 apartments starting at $460/month

Las Vegas Apartments

748 apartments starting at $750/month

Los Angeles Apartments

2,664 apartments starting at $150/month

Louisville Apartments

299 apartments starting at $150/month

Memphis Apartments

659 apartments starting at $425/month

Miami Apartments

463 apartments starting at $1,300/month

Milwaukee Apartments

376 apartments starting at $400/month

Minneapolis Apartments

672 apartments starting at $675/month

Nashville Apartments

349 apartments starting at $150/month

New Orleans Apartments

331 apartments starting at $600/month

New York City Apartments

2,059 apartments starting at $500/month

Oklahoma City Apartments

600 apartments starting at $500/month

Orlando Apartments

296 apartments starting at $950/month

Philadelphia Apartments

1,379 apartments starting at $150/month

Phoenix Apartments

1,001 apartments starting at $799/month

Pittsburgh Apartments

369 apartments starting at $150/month

Portland Apartments

673 apartments starting at $150/month

Providence Apartments

97 apartments starting at $637/month

Raleigh Apartments

257 apartments starting at $700/month

Richmond Apartments

234 apartments starting at $550/month

Riverside Apartments

93 apartments starting at $150/month

Sacramento Apartments

255 apartments starting at $774/month

Salt Lake City Apartments

154 apartments starting at $620/month

San Antonio Apartments

601 apartments starting at $400/month

San Diego Apartments

650 apartments starting at $250/month

San Francisco Apartments

658 apartments starting at $150/month

San Jose Apartments

228 apartments starting at $1,055/month

Seattle Apartments

846 apartments starting at $150/month

St. Louis Apartments

342 apartments starting at $150/month

Tampa Apartments

338 apartments starting at $150/month

Virginia Beach Apartments

234 apartments starting at $1,000/month

Washington DC Apartments

616 apartments starting at $150/month