ApartmentAdvisor National Rent Report
March 2026
The ApartmentAdvisor National Rent Report is published monthly and includes national rent trend data as well as rent price data by state and by city.
Overview
- Median rent prices are climbing with the start of spring — albeit slowly.
- St. Louis has one of the fastest growing median rent prices in the nation.
- At the state level, Kentucky is seeing sizable price increases.
U.S. National Rent Trends
The median national rent for a 1-bedroom rental apartment in the U.S. was $1,495 in March 2026, 0.07% higher than the median national rent for February.
Median Rents
Rent Prices Over Time in the U.S.
Key Findings
National Overview: Nationally, rent is beginning its slow spring climb.
The national median rent price ($1,495) stayed nearly flat from February to March, only climbing about 0.07%. This is in line with trends we’ve observed over the last three years, barring any outliers. We can expect rental prices to continue to climb throughout the rest of the spring and summer as demand for rental units increases.
Regional Spotlight: St. Louis’s rapid rent growth is rivaling coastal cities.
In March, St. Louis, MO had the No. 7 highest median rent increase for a one-bedroom (+4.5 MoM, +10.6 YoY) apartment of any rental market that we track — putting it above highly competitive coastal markets like Boston, MA (+3.6% MoM, +1.8+ YoY) and New York, NY (+2.7 MoM, +5.8% YoY). According to our data, it now costs around $940 a month to rent a one-bedroom apartment in St. Louis — nearly $100 more per month than this time last year.
This is largely due to the perceived affordability of the housing market. Buyers who are priced out of other markets are attracted to the opportunity to buy property in cities like St. Louis, where the barrier to homeownership may be lower. However, slow but steady demand in the area over time has led to more competition — both for single-family homes and rental properties. In recent years, the St. Louis market has seen record-low vacancy rates — leading to continuously rising median asking rent prices.
Average Rent by City
Top 10 Most Expensive Cities to Rent an Apartment
Top 10 Least Expensive Cities to Rent an Apartment
Rent Prices in 100 Major Cities
This table shows median rent data for 100 major cities in the US.
To download this data as a CSV, click .
Average Rent by State
Kentucky is seeing big increases in its median rent price at the state level.
In March, the median rent price of a one-bedroom rental unit in Kentucky increased by 2.3% MoM and 5.9% YoY. While this growth can partially be attributed to pressure on the housing markets in Kentucky’s largest metropolitan areas (rent in Louisville, KY is up 0.6% MoM and 8.1% YoY, for example), this doesn’t tell the full story.
According to the Kentucky Housing Corporation, there was a housing shortage in every county in the state in 2024. Renters of all income levels are competing for housing even in rural areas, leading to price growth across Kentucky. In total, the state is short just over 100,000 rental units as well as 100,000 for-sale units based on demand.
Adding to the pressure is higher home prices and mortgage rates, which price out would-be first-time homebuyers and force them into the competition for rentals as well. This is happening more and more in ostensibly “affordable” real estate markets and is a trend to watch.
Report Methodology
For the National Rent Report, ApartmentAdvisor analyzes rental listings available on our platform, sourced from multiple listing syndication partners. The set of 100 large cities highlighted in our report is primarily determined by overall population size, however we include some smaller cities with relatively high populations for the home state (e.g. Burlington, VT and Portland, ME) and we exclude some highly populated cities due to their proximity to other major cities (eg. Garland, Texas is not included due to its proximity to Dallas). We take all the unique apartments that were available for any amount of time during a time period, deduplicate them by unit type, and remove unreliable listings. We use a minimum threshold of units for cities to ensure that data is accurate. Luxury bias is removed by focusing on median figures instead of averages.
Top cities
Atlanta Apartments
1,288 apartments starting at $600/month
Austin Apartments
2,385 apartments starting at $580/month
Baltimore Apartments
1,153 apartments starting at $500/month
Boston Apartments
5,933 apartments starting at $450/month
Charlotte Apartments
1,947 apartments starting at $499/month
Chicago Apartments
6,795 apartments starting at $638/month
Dallas Apartments
3,110 apartments starting at $695/month
Fort Worth Apartments
1,664 apartments starting at $538/month
Houston Apartments
3,233 apartments starting at $650/month
Las Vegas Apartments
827 apartments starting at $575/month
Los Angeles Apartments
8,807 apartments starting at $695/month
Miami Apartments
449 apartments starting at $800/month
Milwaukee Apartments
1,160 apartments starting at $595/month
New York Apartments
3,067 apartments starting at $1,000/month
Oakland Apartments
500 apartments starting at $1,025/month
Orlando Apartments
461 apartments starting at $800/month
Philadelphia Apartments
2,975 apartments starting at $477/month
Phoenix Apartments
2,354 apartments starting at $595/month
Pittsburgh Apartments
1,355 apartments starting at $500/month
Portland Apartments
1,962 apartments starting at $500/month
Raleigh Apartments
574 apartments starting at $625/month
San Antonio Apartments
2,121 apartments starting at $495/month
San Diego Apartments
2,547 apartments starting at $595/month
San Francisco Apartments
353 apartments starting at $675/month
San Jose Apartments
248 apartments starting at $1,100/month
Seattle Apartments
2,746 apartments starting at $525/month
Tampa Apartments
653 apartments starting at $800/month
Washington DC Apartments
2,114 apartments starting at $950/month