As we near the end of 2019, this rent report will focus on more year over year changes than previous ones. It has a section highlighting the cities with the largest growth rates and declines and how much they’ve moved around in our rankings this past year.
Since it is well into slow moving season, all of the top 10 cities experienced either a flat or downward monthly trend with Washington D.C. even moving down to 7th. In the rest of the nation, Minneapolis had the largest monthly growth rate, up 5.3%, while Virginia Beach saw the biggest decline, dropping 5.4%.
Overall, the national one bedroom rent dropped 0.9% to $1,230, while two bedrooms fell 1% to $1,465. On a year to date basis, one and two bedroom rents are up 1.8% and 1.7%, respectively.
Top Five Rental Markets
1. San Francisco, Californie one bedroom rent dropped 1.1% to $3,490, while two bedrooms fell 3.6% to $4,500.
2. New York, NY also saw monthly decreases for both bedroom types with one bedroom rent dipping 1% to $2,970 and two bedrooms falling 2% to $3,430. On a year over year basis, however, New York City rents are both up around 8%.
3. Boston, Massachusetts remained the 3rd priciest city with one bedroom rent falling 1.2% to $2,500, while two bedrooms increased a slight 0.7% to $2,950. Notably, two bedroom rent here is up 9.3% since this time last year.
4. Oakland, CA saw one bedroom rent drop 1.2% to $2,470 and two bedroom rent decrease 0.3% to $2,990.
5. San Jose, CA continued to round out our top 5 markets with one bedroom rent staying flat at $2,450 and two bedroom rent experiencing a 1.7% decline to $2,900.
Notable Changes This Past Year
Upward: Cities with the largest year over year growth rates
–Cleveland, OH had the fastest growing rent since this time last year, up 16%. This growth rate moved the city up from #74 in our December 2018 Rent Report to #57 in this December 2019 Rent Report, catapulting up 17 spots.
–Lincoln, NE one bedroom rent climbed 15.7% year over year and up 13 positions, moving from #89 in 2018 to #76 in 2019.
–Bakersfield, CA, similar to Lincoln, saw one bedroom rent grow 15.7% year over year as well, though it moved up less in the rankings, from 89th in 2018 to 79th in 2019.
–Milwaukee, WI jumped up 19 positions in our rankings, moving up from #54 in 2018 to #35 in 2019. This large bump up was driven by its 15.5% year over year rental growth rate.
–Chattanooga, TN also climbed 19 spots, from #78 in 2018 to #59 in 2019, thanks to it’s 15.4% year over rental growth rate.
Downward: Cities with the largest year over year declines
–Baltimore, MD saw one bedroom rent drop 14.8% since this time last year, which was the largest year over year decline in the nation, and move from #24 in 2018 to #38 in 2019, falling 14 spots.
–Houston, Texas one bedroom rent also decreased 14.8% year over year and dropped from #30 in 2018 to #52 in 2019, a 22 ranking decline.
–Santa Ana, CA only took a 1 ranking dip from #11 in 2018 to #10 in 2019 but one bedroom rent here decreased 11.7% year over year.
–Jacksonville, FL ranked as the 69th most expensive rental market in this report, falling 19 spots from its 50th ranking in 2018. One bedroom rent in this city was down 11% year over year.
–Honolulu, HI one bedroom rent dipped 10.1% year over year and dropped from #11 in 2018 to #13 in 2019.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | San Francisco, Californie | $3,490 | -1.10% | -2.00% | $4,500 | -3.60% | -4.70% |
| 2 | New York, NY | $2,970 | -1.00% | 8.00% | $3,430 | -2.00% | 7.50% |
| 3 | Boston, Massachusetts | $2,500 | -1.20% | 0.80% | $2,950 | 0.70% | 9.30% |
| 4 | Oakland, CA | $2,470 | -1.20% | 5.10% | $2,990 | -0.30% | 4.50% |
| 5 | San Jose, CA | $2,450 | 0.00% | -1.20% | $2,900 | -1.70% | 0.00% |
| 6 | Los Angeles, Californie | $2,210 | -3.90% | -8.30% | $3,100 | -4.90% | -4.30% |
| 7 | Washington, D.C. | $2,200 | -4.30% | 3.30% | $3,000 | 2.40% | 13.20% |
| 8 | Seattle, WA | $1,860 | -1.10% | -2.10% | $2,300 | 0.00% | -8.40% |
| 9 | San Diego, CA | $1,780 | -2.70% | -6.80% | $2,350 | -1.30% | -6.00% |
| 10 | Miami, Floride | $1,710 | 0.00% | -2.80% | $2,200 | -0.90% | -8.30% |
| 11 | Santa Ana, CA | $1,660 | 2.50% | -11.70% | $2,120 | 3.90% | -6.20% |
| 12 | Anaheim, CA | $1,620 | -2.40% | -2.40% | $2,040 | -1.00% | -6.80% |
| 13 | Fort Lauderdale, FL | $1,600 | 0.00% | 1.90% | $2,160 | -1.80% | 4.90% |
| 13 | Honolulu, HI | $1,600 | -0.60% | -10.10% | $2,100 | -3.20% | -4.50% |
| 15 | Long Beach, CA | $1,550 | 0.00% | -3.10% | $2,000 | 0.00% | 0.00% |
| 16 | Denver, Colorado | $1,520 | -5.00% | 0.70% | $1,900 | -4.50% | -1.60% |
| 17 | Philadelphie, Pennsylvanie | $1,500 | 0.00% | -1.30% | $1,640 | -2.40% | -3.50% |
| 18 | Scottsdale, AZ | $1,450 | 2.80% | 5.10% | $2,070 | 4.50% | 4.00% |
| 19 | Chicago, Illinois | $1,440 | -0.70% | -4.60% | $1,700 | -4.50% | -7.60% |
| 20 | Portland, Oregon | $1,430 | -2.70% | 5.90% | $1,700 | -2.90% | 2.40% |
| 20 | Atlanta, Géorgie | $1,430 | 0.00% | -3.40% | $1,820 | 0.60% | 1.10% |
| 22 | New Orleans, LA | $1,410 | 0.70% | 2.20% | $1,550 | 0.00% | 6.90% |
| 22 | Providence, RI | $1,410 | -4.70% | -6.60% | $1,620 | -4.70% | 3.80% |
| 24 | Minneapolis, MN | $1,380 | 5.30% | -1.40% | $1,820 | 1.70% | -4.70% |
| 25 | Nashville, TN | $1,420 | 5.20% | 6.80% | $1,470 | 5.00% | 5.80% |
| 26 | Newark, NJ | $1,320 | 3.10% | 14.80% | $1,550 | -1.90% | 14.00% |
| 27 | Sacramento, CA | $1,260 | -3.10% | -3.10% | $1,450 | -3.30% | 0.00% |
| 28 | Orlando, Floride | $1,250 | 0.80% | -3.80% | $1,400 | 0.70% | -6.00% |
| 29 | Gilbert, AZ | $1,230 | -1.60% | 8.80% | $1,430 | -3.40% | 5.90% |
| 29 | Austin, Texas | $1,230 | -2.40% | 2.50% | $1,550 | -1.30% | 3.30% |
| 31 | Chandler, AZ | $1,210 | -1.60% | 4.30% | $1,420 | 2.20% | 4.40% |
| 32 | Charlotte, Caroline du Nord | $1,200 | -1.60% | 5.30% | $1,300 | 0.00% | 0.00% |
| 32 | Madison, WI | $1,200 | -4.80% | -1.60% | $1,330 | 0.00% | -10.70% |
| 34 | Dallas, Texas | $1,190 | -0.80% | -5.60% | $1,600 | -1.20% | -5.30% |
| 35 | Milwaukee, WI | $1,120 | 0.00% | 15.50% | $1,220 | 4.30% | 15.10% |
| 35 | Plano, TX | $1,180 | -0.80% | 6.30% | $1,590 | -0.60% | 6.00% |
| 37 | Pittsburgh, PA | $1,170 | -3.30% | 1.70% | $1,350 | 1.50% | 3.80% |
| 38 | Baltimore, MD | $1,150 | 3.60% | -14.80% | $1,400 | 0.00% | -9.70% |
| 39 | Chesapeake, VA | $1,140 | 0.00% | 15.20% | $1,230 | -0.80% | 2.50% |
| 39 | Buffalo, NY | $1,140 | 0.00% | 11.80% | $1,430 | 4.40% | 15.30% |
| 41 | Henderson, NV | $1,130 | 0.00% | 6.60% | $1,330 | 0.00% | 5.60% |
| 42 | Tampa, Floride | $1,120 | -1.80% | -0.90% | $1,330 | -0.70% | 0.00% |
| 43 | Salt Lake City, UT | $1,100 | 0.90% | 2.80% | $1,330 | -0.70% | -7.00% |
| 43 | Irving, TX | $1,100 | -1.80% | -2.70% | $1,390 | -2.80% | -3.50% |
| 43 | Aurora, CO | $1,100 | 0.00% | -6.00% | $1,390 | -0.70% | -1.40% |
| 46 | Richmond, VA | $1,070 | 0.00% | 0.00% | $1,340 | 2.30% | 4.70% |
| 46 | Durham, NC | $1,070 | -2.70% | -3.60% | $1,190 | -3.30% | -3.30% |
| 48 | Reno, NV | $1,050 | 5.00% | 12.90% | $1,300 | 0.00% | -0.80% |
| 48 | Virginia Beach, VA | $1,050 | -5.40% | 1.90% | $1,220 | -0.80% | 0.80% |
| 48 | Fort Worth, TX | $1,050 | -4.50% | 0.00% | $1,240 | -3.90% | -0.80% |
| 48 | St Petersburg, FL | $1,050 | -4.50% | -3.70% | $1,400 | -3.40% | -9.10% |
| 52 | Houston, Texas | $1,040 | -3.70% | -14.80% | $1,280 | -1.50% | -14.10% |
| 53 | Colorado Springs, CO | $1,000 | 1.00% | 9.90% | $1,200 | -0.80% | 5.30% |
| 53 | Raleigh, NC | $1,000 | -2.00% | 2.00% | $1,180 | -0.80% | 2.60% |
| 55 | Phoenix, Arizona | $990 | -2.00% | 4.20% | $1,250 | 0.00% | 5.00% |
| 55 | Boise, ID | $990 | 1.00% | 3.10% | $1,200 | 0.00% | 15.40% |
| 57 | Cleveland, OH | $940 | 1.10% | 16.00% | $1,000 | 0.00% | 14.90% |
| 58 | Las Vegas, Nevada | $960 | 3.20% | -1.00% | $1,160 | -2.50% | 1.80% |
| 59 | Chattanooga, TN | $900 | 0.00% | 15.40% | $1,020 | -1.00% | 14.60% |
| 59 | Cincinnati, OH | $900 | 0.00% | 15.40% | $1,230 | -4.70% | 9.80% |
| 59 | Norfolk, VA | $920 | 2.20% | 15.00% | $960 | 2.10% | 1.10% |
| 59 | Kansas City, MO | $950 | 0.00% | 0.00% | $1,040 | -2.80% | -4.60% |
| 59 | Fresno, CA | $950 | 0.00% | -5.00% | $1,180 | 2.60% | 2.60% |
| 64 | Rochester, NY | $920 | -2.10% | 9.50% | $1,090 | 0.00% | 11.20% |
| 64 | Mesa, AZ | $920 | 1.10% | 7.00% | $1,140 | -3.40% | 11.80% |
| 66 | Glendale, AZ | $910 | 4.60% | 15.20% | $1,060 | 0.00% | 7.10% |
| 67 | San Antonio, TX | $900 | 1.10% | 2.30% | $1,100 | -0.90% | -0.90% |
| 67 | Anchorage, AK | $900 | 0.00% | 0.00% | $1,150 | 0.00% | 3.60% |
| 69 | Jacksonville, FL | $890 | -1.10% | -11.00% | $1,010 | -4.70% | -3.80% |
| 70 | Arlington, TX | $870 | -3.30% | 6.10% | $1,110 | 0.00% | 1.80% |
| 71 | St Louis, MO | $860 | 2.40% | 7.50% | $1,130 | 1.80% | 1.80% |
| 71 | Louisville, KY | $860 | -4.40% | 2.40% | $950 | -2.10% | -5.00% |
| 71 | Corpus Christi, TX | $860 | -4.40% | -3.40% | $1,050 | -4.50% | -4.50% |
| 74 | Syracuse, NY | $850 | -4.50% | -2.30% | $1,010 | 1.00% | 11.00% |
| 75 | Columbus, Ohio | $840 | 2.40% | 12.00% | $1,060 | -1.90% | -0.90% |
| 76 | Lincoln, NE | $810 | 3.80% | 15.70% | $920 | -3.20% | -2.10% |
| 76 | Indianapolis, IN | $820 | 2.50% | 13.90% | $900 | -1.10% | 11.10% |
| 76 | Des Moines, IA | $820 | 5.10% | -4.70% | $900 | 0.00% | 0.00% |
| 79 | Bakersfield, CA | $810 | 5.20% | 15.70% | $930 | 3.30% | 3.30% |
| 79 | Memphis, TN | $810 | -4.70% | 8.00% | $850 | -4.50% | 7.60% |
| 79 | Knoxville, TN | $810 | -2.40% | -1.20% | $940 | -1.10% | 4.40% |
| 82 | Tallahassee, FL | $800 | -2.40% | 8.10% | $900 | 0.00% | 2.30% |
| 82 | Omaha, NE | $800 | 0.00% | -3.60% | $980 | -2.00% | -8.40% |
| 84 | Winston Salem, NC | $790 | -4.80% | 1.30% | $830 | -4.60% | -1.20% |
| 84 | Baton Rouge, LA | $790 | -1.30% | -6.00% | $870 | -2.20% | -11.20% |
| 86 | Spokane, WA | $780 | -2.50% | 2.60% | $980 | -2.00% | 2.10% |
| 87 | Augusta, GA | $750 | -2.60% | 1.40% | $830 | -2.40% | 3.80% |
| 87 | Laredo, TX | $750 | -5.10% | -9.60% | $950 | 0.00% | 0.00% |
| 89 | Oklahoma City, OK | $730 | -2.70% | 0.00% | $870 | -4.40% | 1.20% |
| 90 | Greensboro, NC | $720 | -1.40% | 2.90% | $830 | -2.40% | 1.20% |
| 91 | Lexington, KY | $710 | 0.00% | -5.30% | $920 | -3.20% | -1.10% |
| 92 | Detroit, MI | $690 | 4.50% | 15.00% | $810 | 3.80% | 15.70% |
| 92 | Albuquerque, NM | $690 | -1.40% | 3.00% | $810 | -2.40% | -3.60% |
| 94 | Wichita, KS | $670 | 0.00% | 9.80% | $720 | -5.30% | -4.00% |
| 94 | Tulsa, OK | $670 | -1.50% | 8.10% | $840 | 1.20% | 7.70% |
| 94 | El Paso, TX | $670 | 3.10% | 6.30% | $790 | 1.30% | 2.60% |
| 97 | Tucson, AZ | $660 | -1.50% | 3.10% | $860 | -2.30% | 3.60% |
| 98 | Lubbock, TX | $650 | 3.20% | 3.20% | $790 | 5.30% | 3.90% |
| 99 | Shreveport, LA | $640 | 0.00% | -1.50% | $700 | 0.00% | -4.10% |
| 100 | Akron, OH | $630 | 1.60% | 14.50% | $700 | 0.00% | -4.10% |
About
The Zumper National Rent Report analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population, providing a comprehensive view of the current state of the market. The report is based on all data available in the month prior to publication.
If you’re interested in a more in-depth explanation of how and why we calculate our rent data, view our methodology post.
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