Rent prices tend to fluctuate slightly, but when looking at prices from 2019 to 2020, there have been some bigger-than-normal changes. The coronavirus has altered the pricing in some major cities and smaller cities alike. We analyzed more than 50 cities to show how median rent prices have been impacted this year compared to last year.*
How to interpret the map
The map above shows all cities we analyzed; the two graphs below it reflect the national median prices and changes.
To see your city’s historical rent prices, select it from the drop-down menu at the top of the map or click its dot on the map. The color of your city’s dot will reveal whether its prices have increased or decreased (blue=increase, orange=decrease); the size of the dot reflects how big the increase or decrease has been.
The two graphs below the map show the actual median price of rent in your city since January 2020 and the % change in median price shown as both year-over-year and monthly graphs.
Takeaways
Most major cities have experienced big decreases in median rent prices compared to this time last year. When considering your budget for 2021, make sure you’re evaluating your current monthly rent prices and comparing them to what others in your city are charging.
San Francisco, CA: -11.1%
San Jose, CA: -9.45%
Seattle, WA: -7.37%
New York City: -6.89%
Boston, MA: -6%
Meanwhile, other metro areas saw increases of similar, if not bigger, proportions.
Columbus, OH: +15.71%
St. Petersburg, FL: +15.45%
Reno, NV: +15.38%
Chatanooga, TN: +15.38%
Baltimore, MD: +15.25%
*We analyzed rental data from over 1 million active listings across the United States. The report is based on all data available in the month prior to publication, from January 2019 — July 2019 and January 2020 — July 2020. Our rental data includes new constructions and excludes listings that are no longer available or are currently occupied.
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