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Dwellsy provides exclusive, industry-leading rental data each month. Inquire about Dwellsy’s data and get all the latest rental market updates here.

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Bloomberg citylab housing article using Dwellsy’s data

“Locked out of the supply-constrained home-buying market, more households are crowding the rental market, driving up rents and stressing housing support programs.” –Patrick Sisson

The Complete 2022 Guide to Rental Prices in the US

Dwellsy’s Rent Price Analysis Methodology

Dwellsy Rent Maps – National Rental Market Statistics

Easy Access Data Sets

Monthly Rental Analysis


2022 – A Rollercoaster Year for Rents

As 2022 comes to a close, the moderation trend in rent prices continues. Asking rent for 1 bedroom apartments continues to be relatively stagnant, flat from November and up only $8 or 0.6% in 2022.

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Rent Stagnates After a Year Of Record-Breaking Growth

November rent prices were essentially unchanged, up just 0.1% from October. This comes after a
drop of 2.5% ($52) in median asking rent between August and October that gave renters hope
that rent increases were a thing of the past.

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Median Asking Rent Prices Decline by 1.8% from September to October 2021

October brought a continuation of the monthly rent declines we first saw last month, with a 1.8% or $37 drop, following September’s 0.7% drop vs. August.  It appears we may be on the cusp of a genuine trend of rent moderation after a year of consistent rent increases.

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Rent Still Up a Staggering 27% Since September 2021

September was the first time in almost a year that we saw a monthly decline in median asking rents, which were down by $15/mo to $2,095 in September vs. August.  This decline is actually more significant than just the 0.7%; we would normally expect a 0.5%-1.0% increase in rent prices from August to September as rent climbed to its seasonal peak.

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Rent Prices Rate of Inflation Slowed in August

August brought welcome relief for renters in the form of lower rent increases than we’ve seen in recent months.  A 0.5% rent increase is below seasonal norms for August vs. August; we would normally expect rent to move up approximately 1% between these two months as rents approach their seasonal peak in the early fall. 

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Relentless Rent Inflation Continues with Rent Up 40% vs. Last Year

In July, the nationwide median asking rent was $2,110/mo, which is 40% more than the median rent for July of last year. As has been the case for much of the past year, single-family home rentals are pushing up the overall market, with rents for that property type up more than 36%. Apartment rent, in contrast, is up 4.7%.  

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Median Rent Crosses the $2,000 Threshold for the First Time

In June, the nationwide median asking rent was $2,045/mo, based on the data drawn from Dwellsy’s inventory of over 641,000 available rentals. This sample represents the availability of over 13 million rental properties across the country.

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Single-Family Rentals Continue Driving Record Rent Increases: 37% Through May 2022

Single-family rentals continue to be the hottest type of rental for renters across the U.S., pushing rents to the highest levels yet.  Persistently high demand and lagging supply for this asset class continue to drive prices up across the nearly 300K available single-family home rentals Dwellsy listed in May.  

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When will renters get a break? 24% increase in median asking rent from April 2021 to April 2022

April brought yet another acceleration in asking rent, according to Dwellsy’s analysis of more than 533,000 available rental units. The nationwide median asking rent for April ’22 was $1920/mo.

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Rent Keeps Rolling Uphill: 19% Rent Increase in the Past Year

In March, single-family rentals continued to bear the brunt of rent increases. Over the past year, single-family rent has risen 36% from $1,600 in March of 2021 to $2,175 in March of 2022, while apartment rents have risen just 3.6%.

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Rent Inflation Strikes Again: 17.5% Median Rent Increase Since February 2021

Rent prices continued to grow rapidly in February, with the median U.S. asking rent up 4% vs. January. In the past year, rent has gone up 17.5% to $1,820/mo, an extra $271 per month compared to 2021. Renters now need to spend an extra $3,250/yr on rent compared to this time last year. 

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Relentless Rent Rise Continues: 16% since January 2021

In any normal year, a 4.8% rent increase would be a big one for the full year. To see that in a single month is shocking. On top of already significant rent increases in 2021, the total rent increase since January 2021 now tops 16%.  That’s an extra $245 that renters now need to come up with each month in order to make their rent payments. 

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Inflation Hits Renters: 11% Overall Rent Increase in 2021

Inflation has hit the economy and renters were not immune, experiencing an 11% increase in median asking rent across the country from January to December of 2021. In a “normal year”, 3-4% increase in overall rents is typical. Unfortunately, 2021 is a year for the books in yet another way: The ongoing Covid pandemic has driven this year’s extraordinary rent inflation from start to finish.

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November’s Data Shows Surprising Rise in Rent

The average cost of rent across the nation typically decreases toward the end of each year. Unfortunately, the average price of monthly rent rose 8% last month. This shift is likely due to an increase in demand for rental homes. This rise is partially due to a continued shift towards single-family housing such as rental houses and townhomes. Single-family rental prices have actually risen 23% this year. Luckily, many tenants are in the process of moving, which should lead to more vacancies in the rental housing market.

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October’s Data Shows Apartment Rental Prices Are Down

October rent shows a fairly normal seasonal shift, with median rent starting to decline from peak summer highs. Median rent across the U.S. decreased from $1,649 in September to $1,600 in October, a fairly sharp decline of 3.0%. Across nearly 360K available rentals in October, Dwellsy continued to see apartment rents more or less flat for the year, while single-family home rentals continue to be the cause of above-normal rent growth in 2021.

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September’s Data Shows Apartment Rental Prices Are Down

To the surprise of many, the general rise in rental home prices is not actually reflective of the entire market. This year’s overall rent increases are coming solely from single-family rentals (SFR), while apartment home rental prices are actually decreasing. The price of apartments nationwide has actually decreased by 2.3% since January.

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Dec 2022Savannah Morning NewsFirst City Progress: Apartments Slated for Chatham Parkway
Geared Towards 'Middle Income' Workers
Dec 2022KTLA Los AngelesSingle-Family Home Rental Prices Up Nearly 30% Since Last Year;
Coastal California Cities Are the Priciest
Nov 2022Orlando SentinelStrong Demand for Orlando Rental Homes
Keeps Prices High
Nov 2022Naples Daily NewsSW FL Rent Prices on the Rise;
Hurricane Ian Doesn't Dampen Demand
Nov 2022ABC24Memphis Housing Summit Addresses Rising Rents,
Lack of Affordable Units Being Built to Meet the Need
Nov 2022San Diego Community
Newspaper Group
City Council Declares Housing as a Human Right
Nov 2022The StreetFed-Up U.S. Renters Heading to the Polls
This Week
Nov 2022Cleveland.comRent asking prices jump 9% in Cleveland,
Akron metro areas
Oct 2022KUOWSeattle home prices down a smidge,
but nowhere close to affordable yet
Oct 2022ABC30Housing Watch: Price difference between
renting homes and apartments in Valley
Sep 2022FOX CarolinaTwo Upstate cities among fastest
growing rent prices in US
Sep 2022Phoenix Business
Phoenix's median rent grew by nearly 46%
in a year, report says
Sep 2022Providence Business
Report: Providence metro median rents
drop 0.7% in August Y/Y
Sep 2022ESPN Southwest FloridaNaples Has The Fifth Highest Home
Rental Prices IN THE COUNTRY
Aug 2022Cincinnati EnquirerRents still high in Cincinnati
but may be stabilizing
July 2022Cleveland.comMedian rent now over $2K nationally;
increases seen in Cleveland
area but still about half national level
July 2022Boston Agent MagazineBoston is the most expensive
rental market in the country
June 2022Milwaukee Journal
Rents rise 18% in metro Milwaukee
as inflation pressure mounts
June 2022Des Moines RegisterDes Moines metro home prices still rising,
but Realtor group
head expects slowdown
May 2022Baltimore FishbowlMedian Rent in Baltimore-Townson
Area Rises About 18%
from April 2021 to April 2022, According to Dwellsy
May 2022Triangle Business JournalTBJ Plus: Raleigh Rents
(still) Off the Charts
May 2022The Oklahoma City
Dwellsy Data Finds Rent Up 24%
Nationally From
April 2021 to April 2022
April 2022Des Moines RegisterAs Home Prices Soar, Market-Rate Rents in Des Moines
Metro Remain Surprisingly Steady, Data Show
April 2022Columbus Business FirstNew Life on the Near East Side
April 2022Orlando SentinelOrlando Residents Face 'Financial Eviction' as Rents
Skyrocket with No End in Sight
April 2022Hartford BusinessDespite Active Apartment Construction, Rent Increases
Likely to Continue
Mar 2022Argus LeaderSioux Falls residents are being priced out of rent,
with some increases at nearly 50%
Mar 2022Dallas Business JournalNorth Texas Numbers Are on the Rise for Single-Family
Homes for Rent