ApartmentAdvisor National Rent Report
June 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
- The national median rent price for a one-bedroom apartment is flat MoM, hinting at a renter’s market this year.
- San Francisco has beat out NYC for the most expensive rent prices in the country.
- Vermont saw the biggest MoM rent growth at the state level in June — but prices are down YoY.
U.S. National Rent Trends
The median national rent for a 1-bedroom rental apartment in the U.S. was $1,550 in June 2026, unchanged vs the median national rent for May.
Median Rents
Rent Prices Over Time in the U.S.
Key Findings
National Overview: It’s a renter’s market in much of the country as the national rent price remains flat in June.
The national median asking rent price of a one-bedroom apartment ($1,550) remained flat from May to June. This is uncharacteristic for this time of year, as rent usually continually increases throughout the summer. However, this year, many popular rental markets are reaping the benefits of 2024’s apartment construction boom. As supply meets demand in areas like the Sun Belt and the Southwest, prices are decreasing, concessions are increasing — and the seed is planted for a “renter’s market.”
The national asking rent prices are still up when compared to three months ago (+5.4% for studio apartments, +3.7% for one-bedroom units, +4.3% for two-bedroom units, and +3.8% for three-bedroom units), in line with seasonal trends despite the slow growth this summer.
Regional Spotlight: San Francisco is the most expensive city to rent again.
The nation’s two priciest rental markets — New York City, NY and San Francisco, CA — have been in a years-long ping-pong match for the No. 1 most expensive spot. But as tech companies explored remote work and headquarters outside of SF in a post-COVID world, NYC began to remain solidly up top. That is until the AI boom.
With the Bay Area once again calling itself home for some of the most innovative technology companies in the world, demand and prices are up significantly. In June, the median asking rent price for a one-bedroom in SF was $4,000 a month — almost 5% higher than in New York. The gap is even bigger for larger apartments.
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
Despite seasonal increases, Vermont is seeing year-over-year rent decline.
Renters in the Northeast rarely benefits from new housing booms that we see in other regions. Construction is expensive, space is limited, and laws are restrictive, meaning that housing costs are constantly rising. Seasonal increases in the Northeast tend to be larger, while seasonal rent drops are smaller. But in Vermont, there is a glimmer of hope for the housing supply. New apartment completions in 2024 and 2025, paired with softening housing demand, have finally given renters some relief in the Green Mountain State. That explains why the median asking rent price for a one-bedroom apartment is up 6% in June, aligned with seasonal demand, but down 8.5% YoY.
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
1,235 apartments starting at $600/month
Austin Apartments
2,349 apartments starting at $500/month
Baltimore Apartments
1,138 apartments starting at $475/month
Boston Apartments
5,457 apartments starting at $400/month
Charlotte Apartments
1,391 apartments starting at $525/month
Chicago Apartments
7,380 apartments starting at $600/month
Dallas Apartments
2,566 apartments starting at $600/month
Fort Worth Apartments
1,369 apartments starting at $559/month
Houston Apartments
3,044 apartments starting at $595/month
Las Vegas Apartments
701 apartments starting at $700/month
Los Angeles Apartments
10,574 apartments starting at $601/month
Miami Apartments
354 apartments starting at $1,045/month
Milwaukee Apartments
1,115 apartments starting at $595/month
New York Apartments
3,851 apartments starting at $1,000/month
Oakland Apartments
413 apartments starting at $850/month
Orlando Apartments
478 apartments starting at $650/month
Philadelphia Apartments
2,941 apartments starting at $525/month
Phoenix Apartments
2,317 apartments starting at $647/month
Pittsburgh Apartments
808 apartments starting at $700/month
Portland Apartments
1,917 apartments starting at $594/month
Raleigh Apartments
659 apartments starting at $615/month
San Antonio Apartments
1,909 apartments starting at $495/month
San Diego Apartments
2,099 apartments starting at $875/month
San Francisco Apartments
295 apartments starting at $1,000/month
San Jose Apartments
299 apartments starting at $1,200/month
Seattle Apartments
3,098 apartments starting at $690/month
Tampa Apartments
579 apartments starting at $675/month
Washington DC Apartments
1,706 apartments starting at $988/month