Rent Expense By Market
Check out the price rankings for 1-Bedroom rental apartments across the nation.
The table below shows the apartment rental prices for each city, based on their median rental listing prices for 1-bedroom apartments. This data targets 1-bedroom apartment rentals as a representation of multi-family housing market in each city. Check out this article for more information on Dwellsy’s data methodology.
Dwellsy's data comes from the analysis of a pool of over 760,000 rental listings across the U.S.
1-Bedroom Apartment Rents for April '23 by MSA
Which city has the most affordable 1-bedroom apartment rentals?
For the second consecutive month, the most affordable 1-bedroom apartment rentals are in the metropolitan statistical area (MSA) of Rolla, MO. This area had a median rent of $475/mo for April 2023. This rent price has risen 5.6% since last year.
Which city has the most expensive 1-bedroom apartment rentals?
According to April's data set, the market with the most expensive 1-bedroom apartments for rent is the metropolitan statistical area of New York-Northern New Jersey-Long Island, NY-NJ-PA. This is the second consecutive month that this MSA has taken the lead for most expensive 1-bedrooms. The median rent for 1-bedrooms in NYC is $3,152/mo, which is a price that has increased 6.8% since April of last year.
Which city has seen the greatest increase in rent prices for 1-bedroom apartments?
The metropolitan statistical area of Oshkosh-Neenah, WI continues to take the lead as the rental market with the most substantial rent increases in the nation. Oshkosh has experienced an apartment rent increase of 80.6% since April 2022. To be precise, the cost of rent for a 1-bedroom apartment in Oshkosh is $1,400/mo.
Which city has seen the greatest decrease in rent prices for 1-bedroom apartments?
The median rent for 1-bedroom rentals in New Haven, CT has decreased 29% since April 2022. This leaves the median rent for 1-bedrooms in New Haven at $1,495/mo.
Looking for more data on the current rental market? Check out these articles!
complete 2022 guide to rent prices
complete guide to single-family rentals
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