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one full-time worker earning the federal minimum wage in that year.
In 2023, the average Fair Market Rent for a two-bedroom rental home in the United States was 1,486 U.S. dollars per month while that of a one-bedroom rental home was 1,231 U.S. dollars per month. This rent level was unaffordable for the average household with Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2023 (in U.S. dollars)
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Other statistics that may interest you Rental market in the United States
Overview
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- Premium Statistic Share of renter households in the U.S. 2022, by state
- Premium Statistic Cost of living index in the 50 U.S. states in 2023
- Premium Statistic Most attractive metros for renters in the U.S. 2023, by lead delta
- Premium Statistic Least attractive metros for renters in the U.S. 2023, by lead delta
- Premium Statistic Market share of rental property review sites U.S. 2021
- Premium Statistic Number of residential real estate leases in the U.S. 2017-2023 with forecast by 2028
- Premium Statistic Year-on-year apartment rent change in the U.S. 2018-2023, per month
- Premium Statistic Consumer price index for rent of primary residence in the U.S. 2000-2023
Rental housing stock and supply
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- Premium Statistic Number of renter occupied homes in the U.S. 1975-2022
- Premium Statistic U.S. housing stock: vacant rental units 2012-2023
- Basic Statistic Vacancy rate index of rental apartments in the U.S. 2023, by state
- Basic Statistic Rental vacancy rates in the U.S. 2000-2023, by region
- Premium Statistic Volume of multifamily housing units completed in the U.S. 1997-2022
- Premium Statistic Value of multifamily construction put in place U.S. 2005-2022, with forecasts to 2027
Renter profile
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- Premium Statistic Share of residents who are renters in the U.S. 2022, by age
- Premium Statistic Living arrangements of renters in the U.S. 2022
- Premium Statistic Size of renter households in the U.S. 2022
- Premium Statistic Distribution of renters and owners in the U.S. 2022, by income
- Premium Statistic Share of renters in the U.S. 2022, by structure type
Rental costs
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- Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2023
- Premium Statistic Average monthly apartment rent in the U.S. 2017-2023, by apartment size
- Premium Statistic Rent for small and medium apartments in the U.S. 2023, by state
- Premium Statistic One-bedroom apartment rent in the largest cities in the U.S. 2023
- Premium Statistic Monthly rent for mobile homes in the U.S. 2010-2023
- Premium Statistic Median monthly rent for senior housing in the U.S. 2023, by state
- Premium Statistic Monthly rent of student housing in the U.S. 2023, by university
Rental costs in the largest cities
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- Premium Statistic Monthly apartment rent and rental growth in New York City, NY 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Los Angeles, CA 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Chicago, IL, 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Houston, TX, 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Phoenix, AZ, 2018-2023
Rental affordability and homeownership plans
7
- Premium Statistic House price to rent ratio index in the U.S. 2015-2023, per quarter
- Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2023, by state
- Basic Statistic Gross rent as a share of household income in the U.S. 2022
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by age group
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by race
- Premium Statistic Main reasons non-owners do not currently own a home U.S. 2022
- Premium Statistic Homebuyers who struggle to find a home due to affordability U.S. 2023, by generation
Further related statistics
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- Private short-term rentals booked with Airbnb in New York City in 2010 and 2014
- Structure of investment portfolio of Allianz Group 2014-2023
- Number of CBRE Group employees 2009-2023
- Not-for-profit theaters' average contributed income in the U.S. 2018-2022
- New cases of mumps in the U.S. 1970-2019
- New cases of shigellosis in the U.S. 1950-2019
- Rate of new cases of tuberculosis in the U.S. 1960-2019
- New cases of Lyme disease in the U.S. 1991-2019
- Prepaid debit card use in U.S. households 2013-2019, by tenure
- Extended stay lodging units: total number in the U.S. 2008-2016
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Statistics
- Private short-term rentals booked with Airbnb in New York City in 2010 and 2014
- Structure of investment portfolio of Allianz Group 2014-2023
- Number of CBRE Group employees 2009-2023
- Not-for-profit theaters' average contributed income in the U.S. 2018-2022
- New cases of mumps in the U.S. 1970-2019
- New cases of shigellosis in the U.S. 1950-2019
- Rate of new cases of tuberculosis in the U.S. 1960-2019
- New cases of Lyme disease in the U.S. 1991-2019
- Prepaid debit card use in U.S. households 2013-2019, by tenure
- Extended stay lodging units: total number in the U.S. 2008-2016
NLIHC. (June 14, 2023). Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved June 12, 2024, from https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC. "Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2023 (in U.S. dollars)." Chart. June 14, 2023. Statista. Accessed June 12, 2024. https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC. (2023). Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: June 12, 2024. https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC. "Fair Market Rent for One- and Two-bedroom Rental Units in The United States from 2020 to 2023 (in U.S. Dollars)." Statista, Statista Inc., 14 Jun 2023, https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/
NLIHC, Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/ (last visited June 12, 2024)
Fair Market Rent for one- and two-bedroom rental units in the United States from 2020 to 2023 (in U.S. dollars) [Graph], NLIHC, June 14, 2023. [Online]. Available: https://www.statista.com/statistics/1064668/fmr-one-and-two-bedroom-units-usa/