More than one year into the COVID-19 pandemic, we explore where rent prices stand today compared to one year ago.
National average rent price trends
On a national level, we’re noticing a shift in recent patterns. Studios and one-bedrooms are showing some recovery in price, possibly reflecting growing demand. Two-bedrooms have adjusted down slightly, but are still up more than five percent year-over-year. Three-bedrooms are up, both since last month and since this time last year.
- 0-BR: $1,603 (+1.0 percent from prior month / -1.3 percent year-over-year)
- 1-BR: $1,610 (+1.6 percent from prior month / +3.2 percent year-over-year)
- 2-BR: $1,881 (-1.1 percent from prior month / +5.3 percent year-over-year)
- 3-BR: $2,036 (+1.9 percent from prior month / +4.2 percent year-over-year)