ApartmentAdvisor National Rent Report
November 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
- The national median rent price is flat MoM.
- Chicago’s rental landscape is vastly different compared to 4 years ago.
- In four states, it’s cheaper to rent a 1-bedroom than a studio apartment.
U.S. National Rent Trends
The median national rent for a 1-bedroom rental apartment in the U.S. was $1,495 in November 2025, unchanged vs the median national rent for October.
Median Rents
Rent Prices Over Time in the U.S.
Key Findings
National Overview: Rent prices are approaching their winter lows.
The national median rent price remained flat from October to November, indicating that the expected seasonal cooldown in demand has hit most of the country. Typically, rent prices hit their low point in January, following steady monthly declines from October through December.
Regional Spotlight: Chicago is now the No. 10 most expensive city for renters in the country.
For many years, Chicago offered residents the best of both worlds: It was a world-class city with strong career prospects, nightlife, and culture with the relatively affordable price point of a Midwestern market. While the median rent price for a one-bedroom in Chicago ($2,012) is still lower than coastal options like New York ($3,522), Boston ($2,700), or San Francisco ($3,250), it’s been rapidly ascending our list of most expensive cities in the country. In November, it finally cracked the top 10.
For many long-time residents, the rental market has changed completely in just a matter of years.
According to our data, rent has been rapidly rising since early 2022. At first, it looked like Chicago was following a pattern seen in most US markets during the early years of the pandemic: There was a rent spike in the summer of 2022 due to heightened demand following the release of the vaccine. In most cities, this was followed by a steady decline as prices normalized. However, in Chicago, prices continued to grow. Between November 2021 and November 2022, the median rent price for a one-bedroom apartment shot up by 22%. It grew by about 3% the following year, and then by another 5% the year after that. Compared to last November, prices this year are about 3% higher. That means that, when compared with 2021, renters are being asked for about 36% more per month for a one-bedroom apartment.
The same characteristics that once made Chicago desirable for families, long-time residents, and new grads have created a maxed-out housing supply, which is now pricing out those very same groups. According to a study by the Illinois Policy Institute, more than half of residents paying more than 30% of their income on housing.
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
In some states, renters are paying more for a limited supply of studios than for a one-bedroom apartment.
Getting less space for more money? In Georgia, Minnesota, North Carolina, and Rhode Island, that very well may be the case.
The median price at the state level for a studio apartment is more expensive in these four states than the median price for a one-bedroom apartment. In each of these states, we are seeing a level of multifamily housing construction that does not meet demand, zoning laws that discourage dense housing in many areas, and an emphasis on constructing housing units that command higher rent prices.
While studio apartments are a great investment for college towns and large cities, they are less common in more rural or spread-out areas — where developers can see a bigger bang for their buck on larger, more expensive builds like single-family rentals, townhomes, or larger apartments. So, even though there may be some demand for smaller spaces from renters, there is a lack of interest or incentive in creating the supply to meet it.
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
2,020 apartments starting at $640/month
Austin Apartments
4,810 apartments starting at $625/month
Baltimore Apartments
1,226 apartments starting at $600/month
Boston Apartments
3,409 apartments starting at $425/month
Charlotte Apartments
2,973 apartments starting at $450/month
Chicago Apartments
4,425 apartments starting at $550/month
Dallas Apartments
5,436 apartments starting at $600/month
Fort Worth Apartments
2,242 apartments starting at $600/month
Houston Apartments
5,468 apartments starting at $495/month
Las Vegas Apartments
1,031 apartments starting at $690/month
Los Angeles Apartments
11,570 apartments starting at $625/month
Miami Apartments
534 apartments starting at $995/month
Milwaukee Apartments
893 apartments starting at $465/month
New York Apartments
4,567 apartments starting at $800/month
Oakland Apartments
653 apartments starting at $995/month
Orlando Apartments
846 apartments starting at $800/month
Philadelphia Apartments
3,064 apartments starting at $500/month
Phoenix Apartments
4,359 apartments starting at $600/month
Pittsburgh Apartments
964 apartments starting at $695/month
Portland Apartments
2,501 apartments starting at $460/month
Raleigh Apartments
1,384 apartments starting at $625/month
San Antonio Apartments
3,899 apartments starting at $468/month
San Diego Apartments
2,951 apartments starting at $650/month
San Francisco Apartments
593 apartments starting at $675/month
San Jose Apartments
452 apartments starting at $1,300/month
Seattle Apartments
3,691 apartments starting at $450/month
Tampa Apartments
1,154 apartments starting at $800/month
Washington DC Apartments
2,931 apartments starting at $936/month