In this month’s rent report, San Francisco one bedroom rent has reached a new peak of $3,690. Previously, the September 2018 Rent Report held the title at $3,650. With the brimming excitement of all the tech IPO’s in the Bay Area, it seems the luxury end of the rental market is being hit first. Though there may be a ton of cash flowing through the city and surrounding areas soon, many of these workers will not immediately invest in a home and may, instead, take their money to both travel and upgrade their rental situation. Since we are still well into slow moving season, seeing San Francisco prices reach a peak now shows that there is strong upward pressure on rent prices here and the looming tech IPOs may be a big factor as to why.
While Syracuse had the largest monthly growth rate, up 5.3% to $990, Colorado Springs saw the biggest rent dip, falling 5.3% to $900. Besides a few cities, there weren’t many that experienced monthly growth rates of more than 3%. On a year over year basis, the most amount of cities with double digit growth rates were focused toward the mid to lower tiered markets.
Overall, the national one bedroom median dropped 0.4% to $1,208, while two bedrooms also fell 0.4%, though settling at a median of $1,437. On a year to date basis, one and two bedroom rents are down 6.7% and up 3.2%, respectively.
Top Five Rental Markets
1. San Francisco, Californie had the most expensive one bedroom rent ever last month, jumping 3.1% to $3,690. Two bedrooms, on the other hand, decreased 0.2% to $4,630.
2. New York, NY saw one bedroom rent climb 3.2% to $2,870, while two bedrooms experienced a similar trend, up 3.1% to $3,300.
3. San Jose, CA one bedroom rent increased a slight 0.4% to $2,540, while two bedrooms saw an even more modest growth rate, climbing 0.3% to $3,040.
4. Boston, Massachusetts remained 4th with one bedroom rent decreasing 1.2% to $2,390, while two bedrooms grew 0.4% to $2,750.
5. Los Angeles, Californie held steady as the 5th priciest city, though one bedroom rent dropped 2.9% to $2,330 and two bedroom prices fell 1.3% to $3,160.
Notable Changes This Month
Upward
–Syracuse, NY one bedroom rent had the largest monthly growth rate in the country, up 5.3% and settling at $990. In effect, this city moved up 9 positions to rank as 51st. Two bedroom rent saw a large bump as well, growing 5% to $1,050.
–Louisville, KY saw a 4 ranking jump to 60th with one bedroom rent climbing 4.5% to $920.
–Mesa, AZ saw one bedroom rent grow 3.4% to $900 and move up 2 spots to become the 63rd priciest city. Two bedrooms increased 2% to $1,040.
–Albuquerque, NM climbed up on position to rank as the 91st most expensive city with one bedroom rent growing 3% to $680.
–Miami, Floride continued its push and pull with Santa Ana as Miami moved back into the top 10 again with one bedroom rent increasing 1.7% to $1,790.
Downward
–Colorado Springs, CO one bedroom rent fell 5.3%, which was the largest monthly decline in the nation, to $900, and dropped 5 spots to become the 63rd priciest city. Meanwhile, two bedrooms had a more modest decline, down 0.9% to $1,100.
–Baltimore, MO moved down one spot to rank as 26th with one bedroom rent dropping 5.2% to $1,280. Two bedrooms had a similar decline, falling 5% to $1,510.
–Reno, NV took a 5 ranking dip to 61st with one bedroom rent decreasing 5.2% to $910.
–Philadelphie, Pennsylvanie saw one bedroom rent drop 5% to $1,320, while two bedrooms fell 4% to $1,670. This city also moved down 3 positions to 25th.
–Pittsburgh, PA took a 10 ranking plunge to 44th with one bedroom rent decreasing 5.2% to $1,090 and two bedrooms falling 3% to $1,280.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | San Francisco, Californie | $3,690 | 3.10% | 8.50% | $4,630 | -0.20% | 5.20% |
| 2 | New York, NY | $2,870 | 3.20% | -1.00% | $3,300 | 3.10% | -4.10% |
| 3 | San Jose, CA | $2,540 | 0.40% | 3.70% | $3,040 | 0.30% | 7.40% |
| 4 | Boston, Massachusetts | $2,390 | -1.20% | 3.90% | $2,750 | 0.40% | 1.90% |
| 5 | Los Angeles, Californie | $2,330 | -2.90% | 5.90% | $3,160 | -1.30% | -1.30% |
| 6 | Oakland, CA | $2,320 | -2.10% | 8.40% | $2,720 | -4.90% | 15.70% |
| 7 | Washington, D.C. | $2,150 | 0.90% | -3.20% | $2,770 | 4.50% | -1.40% |
| 8 | Seattle, WA | $1,970 | 1.50% | 9.40% | $2,630 | 1.20% | 10.00% |
| 9 | San Diego, CA | $1,910 | 0.00% | 6.10% | $2,410 | -2.00% | 7.10% |
| 10 | Miami, Floride | $1,790 | 1.70% | 0.00% | $2,380 | -0.80% | -0.80% |
| 11 | Santa Ana, CA | $1,780 | 0.00% | 5.30% | $2,180 | 0.00% | 14.70% |
| 12 | Honolulu, HI | $1,700 | 1.80% | 3.00% | $2,200 | 4.80% | 0.00% |
| 13 | Anaheim, CA | $1,630 | -4.70% | 0.60% | $2,140 | -1.80% | 7.50% |
| 14 | Long Beach, CA | $1,620 | -3.00% | 3.20% | $2,100 | -0.50% | 5.00% |
| 15 | Fort Lauderdale, FL | $1,600 | -2.40% | 6.70% | $2,000 | 0.00% | 6.40% |
| 16 | Chicago, Illinois | $1,560 | -0.60% | 6.10% | $1,890 | 0.00% | -4.10% |
| 17 | Denver, Colorado | $1,510 | 0.00% | 5.60% | $1,940 | 0.50% | 2.60% |
| 18 | Atlanta, Géorgie | $1,500 | 0.70% | 2.70% | $1,900 | 1.10% | 1.60% |
| 19 | Providence, RI | $1,440 | -3.40% | 8.30% | $1,580 | 1.30% | 15.30% |
| 20 | New Orleans, LA | $1,430 | 0.00% | 10.00% | $1,530 | 0.00% | 14.20% |
| 21 | Minneapolis, MN | $1,400 | 0.00% | 6.10% | $1,940 | 0.50% | 10.20% |
| 22 | Portland, Oregon | $1,370 | 0.00% | 3.00% | $1,680 | -1.20% | 7.70% |
| 22 | Scottsdale, AZ | $1,370 | -1.40% | 0.70% | $1,980 | 3.70% | -6.60% |
| 24 | Nashville, TN | $1,350 | 0.70% | 8.00% | $1,370 | -2.10% | 0.00% |
| 25 | Philadelphie, Pennsylvanie | $1,320 | -5.00% | -5.70% | $1,670 | -4.00% | 7.10% |
| 26 | Baltimore, MD | $1,280 | -5.20% | 1.60% | $1,510 | -5.00% | 1.30% |
| 26 | Orlando, Floride | $1,280 | -0.80% | 7.60% | $1,450 | -1.40% | 9.80% |
| 28 | Dallas, Texas | $1,250 | 0.00% | -2.30% | $1,650 | 0.00% | -2.90% |
| 29 | Sacramento, CA | $1,210 | -4.70% | 0.00% | $1,430 | -0.70% | 5.10% |
| 30 | Madison, WI | $1,200 | -1.60% | 5.30% | $1,390 | -4.80% | 6.90% |
| 31 | Aurora, CO | $1,190 | 0.00% | 10.20% | $1,440 | -0.70% | 7.50% |
| 32 | Austin, Texas | $1,180 | 0.90% | 0.00% | $1,490 | 2.10% | 1.40% |
| 33 | Charlotte, Caroline du Nord | $1,170 | 0.90% | -2.50% | $1,310 | 0.00% | 4.80% |
| 34 | Chandler, AZ | $1,160 | 0.90% | 4.50% | $1,380 | 0.70% | 11.30% |
| 35 | Newark, NJ | $1,150 | 0.00% | 9.50% | $1,350 | 3.10% | 8.00% |
| 35 | Tampa, Floride | $1,150 | 0.90% | 0.00% | $1,330 | -0.70% | 3.90% |
| 37 | Gilbert, AZ | $1,130 | 0.00% | 0.00% | $1,360 | 0.70% | 0.70% |
| 37 | Houston, Texas | $1,130 | -1.70% | -10.30% | $1,340 | -5.00% | -13.50% |
| 37 | Irving, TX | $1,130 | -1.70% | -5.80% | $1,510 | 1.30% | 2.00% |
| 40 | Plano, TX | $1,120 | -0.90% | -0.90% | $1,500 | 0.00% | -0.70% |
| 41 | Durham, NC | $1,110 | 0.00% | 13.30% | $1,270 | 0.00% | 14.40% |
| 42 | Fort Worth, TX | $1,100 | 0.00% | 8.90% | $1,210 | -1.60% | -2.40% |
| 42 | St Petersburg, FL | $1,100 | -2.70% | 13.40% | $1,520 | 0.70% | -1.30% |
| 44 | Pittsburgh, PA | $1,090 | -5.20% | 9.00% | $1,280 | -3.00% | 4.90% |
| 45 | Henderson, NV | $1,080 | 0.00% | 0.00% | $1,300 | 1.60% | 13.00% |
| 46 | Salt Lake City, UT | $1,070 | 0.00% | 10.30% | $1,370 | -3.50% | 14.20% |
| 47 | Richmond, VA | $1,050 | -0.90% | 4.00% | $1,250 | 0.80% | 8.70% |
| 48 | Raleigh, NC | $1,020 | 2.00% | 5.20% | $1,140 | -0.90% | -0.90% |
| 49 | Fresno, CA | $1,000 | 0.00% | 7.50% | $1,140 | 0.00% | 14.00% |
| 49 | Virginia Beach, VA | $1,000 | 0.00% | -4.80% | $1,200 | 0.00% | 4.30% |
| 51 | Buffalo, NY | $990 | 0.00% | 5.30% | $1,180 | 0.00% | 7.30% |
| 51 | Chesapeake, VA | $990 | 0.00% | 0.00% | $1,300 | 4.00% | 8.30% |
| 51 | Las Vegas, Nevada | $990 | 0.00% | 10.00% | $1,150 | 0.00% | 15.00% |
| 51 | Syracuse, NY | $990 | 5.30% | 11.20% | $1,050 | 5.00% | 11.70% |
| 55 | Jacksonville, FL | $980 | 1.00% | 4.30% | $1,070 | -0.90% | 1.90% |
| 56 | Milwaukee, WI | $970 | 0.00% | 15.50% | $1,020 | 0.00% | 8.50% |
| 56 | Phoenix, Arizona | $970 | 2.10% | 1.00% | $1,170 | 0.00% | 6.40% |
| 58 | Boise, ID | $960 | 0.00% | 12.90% | $1,100 | 0.00% | 15.80% |
| 59 | Kansas City, MO | $940 | 0.00% | 1.10% | $1,050 | 0.00% | 6.10% |
| 60 | Louisville, KY | $920 | 4.50% | 4.50% | $1,020 | -2.90% | 9.70% |
| 61 | Reno, NV | $910 | -5.20% | 13.80% | $1,310 | 0.00% | 11.00% |
| 61 | San Antonio, TX | $910 | 1.10% | 4.60% | $1,140 | -0.90% | 3.60% |
| 63 | Anchorage, AK | $900 | 1.10% | 3.40% | $1,080 | -1.80% | -2.70% |
| 63 | Colorado Springs, CO | $900 | -5.30% | 8.40% | $1,100 | -0.90% | 10.00% |
| 63 | Mesa, AZ | $900 | 3.40% | -1.10% | $1,040 | 2.00% | 8.30% |
| 66 | Corpus Christi, TX | $860 | -1.10% | 1.20% | $1,060 | -3.60% | 0.00% |
| 67 | Rochester, NY | $840 | 0.00% | 7.70% | $980 | 0.00% | 0.00% |
| 68 | Baton Rouge, LA | $830 | 0.00% | -3.50% | $940 | 0.00% | 4.40% |
| 68 | Laredo, TX | $830 | 0.00% | 10.70% | $900 | -1.10% | 0.00% |
| 70 | Arlington, TX | $820 | 0.00% | 12.30% | $1,090 | 0.00% | 12.40% |
| 70 | Omaha, NE | $820 | -1.20% | 1.20% | $1,050 | 0.00% | 14.10% |
| 72 | Cleveland, OH | $810 | 0.00% | 14.10% | $870 | 0.00% | 14.50% |
| 72 | Des Moines, IA | $810 | 0.00% | 12.50% | $860 | 0.00% | 13.20% |
| 72 | Glendale, AZ | $810 | -4.70% | 2.50% | $980 | -1.00% | 14.00% |
| 72 | Knoxville, TN | $810 | 0.00% | 6.60% | $900 | 0.00% | 8.40% |
| 76 | Norfolk, VA | $800 | 0.00% | 14.30% | $990 | 0.00% | 10.00% |
| 77 | St Louis, MO | $790 | 0.00% | 11.30% | $1,150 | 0.00% | 13.90% |
| 78 | Chattanooga, TN | $780 | 0.00% | 0.00% | $890 | 0.00% | 8.50% |
| 78 | Cincinnati, OH | $780 | 0.00% | -1.30% | $1,120 | 0.00% | 9.80% |
| 80 | Winston Salem, NC | $770 | -1.30% | 14.90% | $830 | -1.20% | 15.30% |
| 81 | Lexington, KY | $760 | -2.60% | -3.80% | $980 | 0.00% | 5.40% |
| 81 | Tallahassee, FL | $760 | 0.00% | 7.00% | $880 | 0.00% | 11.40% |
| 83 | Augusta, GA | $750 | 0.00% | 5.60% | $800 | 0.00% | 6.70% |
| 83 | Indianapolis, IN | $750 | 0.00% | 13.60% | $810 | 0.00% | 12.50% |
| 85 | Spokane, WA | $740 | -1.30% | 7.20% | $910 | -3.20% | 0.00% |
| 86 | Greensboro, NC | $730 | 1.40% | 5.80% | $850 | 3.70% | 6.30% |
| 86 | Memphis, TN | $730 | -1.40% | 15.90% | $790 | -1.30% | 14.50% |
| 88 | Bakersfield, CA | $720 | 1.40% | -10.00% | $900 | 0.00% | 4.70% |
| 88 | Oklahoma City, OK | $720 | -2.70% | 1.40% | $850 | -2.30% | 9.00% |
| 90 | Columbus, Ohio | $700 | 0.00% | 9.40% | $1,060 | -0.90% | 11.60% |
| 91 | Albuquerque, NM | $680 | 3.00% | 9.70% | $830 | 0.00% | 3.80% |
| 92 | Lincoln, NE | $670 | -4.30% | 15.50% | $890 | -4.30% | 15.60% |
| 93 | Tulsa, OK | $650 | 1.60% | 3.20% | $810 | 1.30% | 11.00% |
| 94 | Shreveport, LA | $640 | 1.60% | 10.30% | $700 | 0.00% | 12.90% |
| 95 | Lubbock, TX | $630 | 0.00% | 8.60% | $760 | 1.30% | 4.10% |
| 95 | Tucson, AZ | $630 | -1.60% | -11.30% | $850 | 0.00% | 6.30% |
| 97 | El Paso, TX | $620 | 0.00% | -1.60% | $780 | 0.00% | 5.40% |
| 98 | Detroit, MI | $610 | -1.60% | 15.10% | $690 | -5.50% | 15.00% |
| 98 | Wichita, KS | $610 | 0.00% | 7.00% | $720 | 0.00% | 9.10% |
| 100 | Akron, OH | $550 | -1.80% | -1.80% | $710 | -4.10% | 6.00% |
About
The Zumper National Rent Report analyses 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.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Gazouillement, and Instagram. In the market for a new place? Search apartments for rent on Zumper.
Contenu associé
