ApartmentAdvisor National Rent Report
January 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
- Rent prices have bottomed out for the season. Expect increases next month.
- Oversupply in Huntsville, AL has led to a sharp rent decrease.
- Trends are moving in opposite directions in neighboring states Montana and Idaho.
U.S. National Rent Trends
The median national rent for a 1-bedroom rental apartment in the U.S. was $1,450 in January 2026, unchanged vs the median national rent for December.
Median Rents
Rent Prices Over Time in the U.S.
Key Findings
National Overview: The median rent has likely hit its low point for the year.
The national median rent price stayed flat from December to January. Based on our annual data, the national median rent price for a one-bedroom apartment has likely bottomed out for the year. Typically, prices decrease toward the end of the year and slowly begin trending upwards again in February. We can expect to see this trend again starting next month.
Regional Spotlight: Oversupply of rental housing in Northern Alabama has led to lower prices.
In the last two years, Huntsville, AL has added thousands of new rental units to its housing stock — turning a market with a severe housing shortage into one facing oversupply. According to recent reports, vacancy rates in Hunstville are in the double digits. The impacts of oversupply are also reflected in our rent price data. Since new supply started hitting the market in 2024, the median price of a one-bedroom apartment has dropped by around 20% YoY — maintaining an asking price at or below $800 for the majority of the last two years. Based on our January data, the median asking price is down 1.7% MoM and 6.4% YoY.
However, developers are expecting demand (and, in turn, rent growth) to rebound in the next few years. The city is already a hub for the aerospace and defense industries — and the planned relocation of the U.S. Space Command Center is expected to further drive new residents to the area.
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
State Level: Rent prices are trending in opposite directions in neighboring states Idaho and Montana.
It’s a tale of states in the Mountain West. Both Montana and Idaho saw inflated rent prices during the pandemic thanks to a boom in remote work and a desire among renters to have more access to the outdoors — but while rent in the former is continuing to rise, Idaho is finally seeing a course correction after several years of artificially high prices. It had the largest MoM median price dip in January (-8.3%) and the second largest YoY (-6.3%) for one-bedroom apartments.
Meanwhile, in supply-strapped Montana, prices are way up (+4% MoM, +12.6% YoY). While these rent surges are at the state level, a closer look at Bozeman reveals that the college town (often rated the No. 1 college town in America) has a large impact on the numbers. The city is hopeful that the new high-end and market-rate developments, largely catering to MSU students, in Bozeman will help drive down rent prices over time — but for now, prices remain steep.
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
1,924 apartments starting at $650/month
Austin Apartments
4,136 apartments starting at $595/month
Baltimore Apartments
1,454 apartments starting at $500/month
Boston Apartments
4,160 apartments starting at $1,200/month
Charlotte Apartments
2,888 apartments starting at $560/month
Chicago Apartments
4,675 apartments starting at $638/month
Dallas Apartments
5,450 apartments starting at $649/month
Fort Worth Apartments
2,066 apartments starting at $538/month
Houston Apartments
3,985 apartments starting at $645/month
Las Vegas Apartments
1,136 apartments starting at $750/month
Los Angeles Apartments
11,117 apartments starting at $625/month
Miami Apartments
587 apartments starting at $1,161/month
Milwaukee Apartments
990 apartments starting at $465/month
New York Apartments
3,192 apartments starting at $1,000/month
Oakland Apartments
541 apartments starting at $841/month
Orlando Apartments
853 apartments starting at $890/month
Philadelphia Apartments
3,409 apartments starting at $550/month
Phoenix Apartments
4,155 apartments starting at $599/month
Pittsburgh Apartments
1,286 apartments starting at $500/month
Portland Apartments
2,591 apartments starting at $600/month
Raleigh Apartments
1,296 apartments starting at $625/month
San Antonio Apartments
3,870 apartments starting at $400/month
San Diego Apartments
2,999 apartments starting at $615/month
San Francisco Apartments
338 apartments starting at $675/month
San Jose Apartments
416 apartments starting at $1,565/month
Seattle Apartments
3,468 apartments starting at $450/month
Tampa Apartments
957 apartments starting at $700/month
Washington DC Apartments
2,876 apartments starting at $975/month