ApartmentAdvisor National Rent Report
August 2025
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 slightly up nationally, a deviation from typical trends.
- San Francisco’s rent is reaching sky-high prices thanks to the AI boom.
- Rent is climbing across Connecticut as the state is short over 300,000 homes.
U.S. National Rent Trends
The median national rent for a 1-bedroom rental apartment in the U.S. was $1,600 in August 2025, 0.31% higher than the median national rent for July.
Median Rents
Rent Prices Over Time in the U.S.
Key Findings
The national median rent price is slightly up.
The national median asking rent price for a one-bedroom apartment is up 0.30% MoM — a slight deviation from what we typically see in August. For the last three years, the national median price has peaked in June or July, and then consistently decreased from August through the end of the year. However, we still predict that rent prices will begin their seasonal downturn next month
Rent prices have rebounded in San Francisco as a result of the AI boom bringing in new tech workers.
San Francisco seems to — once again — be taking its place as the center of the world when it comes to the tech industry. The AI industry is growing exponentially, and with leading companies like OpenAI choosing to headquarter in Silicon Valley, demand for tech workers to live in the Bay Area is higher than ever. In August, median rent prices reached historic highs — with the median asking price for a one-bedroom apartment sitting at $3,350 (+17.7% YoY), while the asking price for a two-bedroom is hovering around $4,823 (+20.7% YoY). Prices have been climbing since January, with no indication of slowing down.
This rent spike signals a shift in SF’s recent stock. For about two years, between the end of 2022 and the beginning of 2025, prices were relatively stable. Population in the city was decreasing as a result of the pandemic (a common phenomenon as many tech jobs went remote) and it seemed that the prices had finally reached an unsustainable fever pitch. However, with the AI boom bringing thousands of workers back to the city, competition is once again high to live in America’s biggest tech bubble.
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
Connecticut rent continues to climb at the state level.
From cities to suburbs, rent in Connecticut is up. At the state level, the median price for a one-bedroom apartment increased by 5.6% MoM and 9.8% YoY. Like in much of the country, rents are rising as a result of a lack of new housing construction and a sustained demand. And while bigger cities like Hartford and Stamford may be doing their part to add housing, there is still a statewide shortage of over 370,000 homes.
Top cities
Atlanta Apartments
1,336 apartments starting at $600/month
Austin Apartments
2,283 apartments starting at $580/month
Baltimore Apartments
1,100 apartments starting at $500/month
Boston Apartments
6,249 apartments starting at $450/month
Charlotte Apartments
1,626 apartments starting at $499/month
Chicago Apartments
7,409 apartments starting at $638/month
Dallas Apartments
2,978 apartments starting at $699/month
Fort Worth Apartments
1,689 apartments starting at $538/month
Houston Apartments
2,915 apartments starting at $558/month
Las Vegas Apartments
686 apartments starting at $695/month
Los Angeles Apartments
5,962 apartments starting at $695/month
Miami Apartments
405 apartments starting at $800/month
Milwaukee Apartments
1,240 apartments starting at $565/month
New York Apartments
2,693 apartments starting at $1,000/month
Oakland Apartments
491 apartments starting at $850/month
Orlando Apartments
440 apartments starting at $490/month
Philadelphia Apartments
2,810 apartments starting at $500/month
Phoenix Apartments
2,251 apartments starting at $595/month
Pittsburgh Apartments
1,257 apartments starting at $750/month
Portland Apartments
2,062 apartments starting at $500/month
Raleigh Apartments
598 apartments starting at $575/month
San Antonio Apartments
2,115 apartments starting at $487/month
San Diego Apartments
2,437 apartments starting at $850/month
San Francisco Apartments
318 apartments starting at $950/month
San Jose Apartments
275 apartments starting at $1,100/month
Seattle Apartments
2,710 apartments starting at $660/month
Tampa Apartments
592 apartments starting at $800/month
Washington DC Apartments
1,978 apartments starting at $950/month