Top 10: Average Effective Rent

Rent growth has been harder to come by in most markets this year after two years of historic gains. With complete data not quite in for December, here is a look at the ten most expensive, and least expensive, markets as of the end of November with the corresponding year-to-date rent change for each. Only the 50 largest U.S. markets are included, and average effective rent refers to the average for a new resident.

View the full monthly Markets Stats PDF

MarketAvg Effective RentPercent Change
NY - New York City$3,1052.8%
CA - San Francisco/Oakland$2,844-0.8%
MA - Boston$2,7283.8%
CA - Los Angeles/OC$2,7251.6%
CA - San Diego$2,7052.3%
CA - Central Coast$2,5523.2%
FL - Miami/Fort Lauderdale$2,4422.0%
DC - Washington$2,1383.2%
CA - San Bernardino/Riverside$2,1380.4%
WA - Seattle$2,0760.0%


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MarketAvg Effective RentPercent Change
OK - Oklahoma City$9703.7%
OH - Cleveland/Akron$1,1464.7%
KY - Louisville$1,1753.4%
AL - Birmingham$1,1853.0%
NE - Omaha$1,1924.4%
AZ - Tucson$1,1961.2%
IN - Indianapolis$1,2334.6%
TX - San Antonio$1,234-2.3%
OH - Cincinnati/Dayton$1,2665.9%
MI - Grand Rapids/Kalamazoo$1,2695.3%

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