{"id":100546,"date":"2020-02-15T00:47:25","date_gmt":"2020-02-15T08:47:25","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=100546"},"modified":"2022-12-08T04:48:07","modified_gmt":"2022-12-08T12:48:07","slug":"january-2020-national-rent-report","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/","title":{"rendered":"RentCafe National Rent Report: The Average Apartment Rent Was $1,463 in January"},"content":{"rendered":"<h2><strong><em>Key takeaways:<\/em><\/strong><\/h2>\n<ul>\n<li><em>The national average rent in January <\/em><em>2020 was $1,463, up 3% compared <\/em><em>to the same time last year.\u00a0<\/em><\/li>\n<li><em>The most expensive apartments are <\/em><em>in Manhattan, $4,210 per month<\/em><em>, while the lowest rents are in Wichita, KS, $662 per month. <\/em><\/li>\n<li><em>Of the largest renter hubs, DC apartments saw the highest net increase in rent in one year, $93, while Houston rentals saw the lowest rise in price, $16, compared to January 2019.<\/em><\/li>\n<\/ul>\n<p><script id=\"infogram_0_fcb4fdcd-b9c5-4011-8283-571f8ae2e343\" title=\"National Average Rent Evolution_January\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?7jX\" type=\"text\/javascript\"><\/script><\/p>\n<h2>The January national average rent went up by 3% year-over-year<\/h2>\n<p>The average apartment rent reached $1,463 in January, up $43 since last year, according to apartment data from <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a>. Rents grew moderately into the new year, increasing by 3% year-over-year, the slowest pace we&#8217;ve seen in 18 months, as the seasonal winddown wears on through the winter.<\/p>\n<p>Rents are likely to maintain an upward streak throughout 2020, as the number of renters continues to rise in the U.S. The demand for apartments is high, including among those renting by choice. <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/renting-america-housing-changed-past-decade\/#highearners\" target=\"_blank\" rel=\"noopener\">157% more Americans who earn over $150K per year<\/a> began renting this past decade, showing a preference for a more flexible and comfort-driven lifestyle.<\/p>\n<p><em><strong id=\"map\">Check out the interactive map below to find out more about average rent prices in small, mid-sized, and large U.S. cities<\/strong><\/em>:<\/p>\n<div id=\"viz1581317846980\" class=\"tableauPlaceholder\" style=\"position: relative;\"><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ap&#47;ApartmentMarketReport-January2020&#47;RentCafeRentReport&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class=\"tableauViz\" style=\"display: none;\" width=\"300\" height=\"150\"><param name=\"host_url\" value=\"https%3A%2F%2Fpublic.tableau.com%2F\" \/><param name=\"embed_code_version\" value=\"3\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"ApartmentMarketReport-January2020\/RentCafeRentReport\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"https:\/\/public.tableau.com\/static\/images\/Ap\/ApartmentMarketReport-January2020\/RentCafeRentReport\/1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><param name=\"filter\" value=\"publish=yes\" \/><\/object><\/div>\n<p><script type='text\/javascript'>                    var divElement = document.getElementById('viz1581317846980');                    var vizElement = divElement.getElementsByTagName('object')[0];                    if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='654px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='654px';} else { vizElement.style.width='100%';vizElement.style.height='537px';}                     var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/p>\n<h2>Experts foresee lifestyle will drive apartment trends in 2020<\/h2>\n<p>Real estate and economy experts agree that the change in Americans&#8217; attitudes towards housing is an important factor in the evolution of the apartment industry. People of all ages are increasingly being driven by mobility and lifestyle enhancement, displaying a growing preference for amenity-rich buildings in walking distance of urban centers. Experts predict this change in housing preferences will stimulate developers and builders to deliver more apartments.<\/p>\n<p>However, they also note a lack of affordable housing brought on by increasing land and labor costs in the construction industry, remarking that one of this year\u2019s most significant challenges will be achieving a balance between delivering both quality and affordability. Click on their names to get the full expert predictions below:<\/p>\n<div id=\"\" class=\" magee-shortcode magee-row row\"><br \/>\n<div class=\" magee-shortcode magee-column col-md-6\" id=\"\" style=\"text-align:left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-100891\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Lynn-Marie-Burks.png\" alt=\"\" width=\"120\" height=\"120\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Lynn-Marie-Burks.png?resize=150,150 150w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Lynn-Marie-Burks.png?resize=96,96 96w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#lynn-marie-burks\" data-wpel-link=\"ignore\">Lynn Marie Burks, Ph.D.<\/a><\/p>\n<p style=\"text-align: left; font-size: 13px;\">National Dean at DeVry University and the Keller Graduate School of Management<\/p>\n<\/div><div class=\" magee-shortcode magee-column col-md-6\" id=\"\" style=\"text-align:left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-100888\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/David-Wilk.png\" alt=\"\" width=\"120\" height=\"120\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/David-Wilk.png?resize=150,150 150w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/David-Wilk.png?resize=96,96 96w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#david-wilk\" data-wpel-link=\"ignore\">David J. Wilk, MAI, CRE, FRICS<\/a><\/p>\n<p style=\"text-align: left; font-size: 13px;\">Assistant Professor of Finance and Director of the Real Estate Program at Temple University&#8217;s Fox School of Business<\/p>\n<\/div><\/div>\n<div id=\"\" class=\" magee-shortcode magee-row row\"><br \/>\n<div class=\" magee-shortcode magee-column col-md-6\" id=\"\" style=\"text-align:left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-100882\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Barrington-Branch.png\" alt=\"\" width=\"120\" height=\"120\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Barrington-Branch.png?resize=150,150 150w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Barrington-Branch.png?resize=96,96 96w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#barrington-h-branch\" data-wpel-link=\"ignore\">Barrington H. Branch, Sr.<\/a><\/p>\n<p style=\"text-align: left; font-size: 13px;\">Ledbetter Professor of the Practice of Real Estate Development, Scheller College of Business, Georgia Institute of Technology<\/p>\n<\/div><div class=\" magee-shortcode magee-column col-md-6\" id=\"\" style=\"text-align:left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-100885\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Benjamin-Keys.png\" alt=\"\" width=\"120\" height=\"120\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Benjamin-Keys.png?resize=150,150 150w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Benjamin-Keys.png?resize=96,96 96w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#benjamin-keys\" data-wpel-link=\"ignore\">Benjamin Keys, Ph.D.<\/a><\/p>\n<p style=\"text-align: left; font-size: 13px;\">Rowan Family Foundation Associate Professor and Associate Professor of Real Estate at The Wharton School, The University of Pennsylvania<\/p>\n<\/div><\/div>\n<h2>80% of the largest renter hubs have rents below $2,000<\/h2>\n<p>16 out of the 20 largest apartment hubs have kept rental rates below the $2,000 mark in January. Two of these cities have rates below $1,000: <strong>Indianapolis<\/strong> and <strong>Columbus<\/strong>. <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/indianapolis-in\/\" target=\"_blank\" rel=\"noopener\">Indianapolis apartments<\/a>\u00a0are the cheapest out of all urban renter hotspots, with an $887 average rate. The Indiana city offers low prices in part due to the number of apartments available in the city \u2014 occupancy rates are below the national average, which means there are more apartments for renters to snatch up. The average price to rent <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/columbus-oh\/\" target=\"_blank\" rel=\"noopener\">apartments in Columbus<\/a>\u00a0is $944, the second cheapest for renters, in line with expectations in a city where around 80% of the rental offer is of average and below-average quality.<\/p>\n<p>When it comes to rent hikes, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/phoenix-az\/\"><strong>Phoenix, AZ<\/strong><\/a> takes the lead with an 8.3% increase since last year, closely followed by <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/las-vegas-nv\/\"><strong>Las Vegas, NV<\/strong><\/a>, where rates grew by a lower but still significant 5.9%. <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/renting-america-housing-changed-past-decade\/#migration\" target=\"_blank\" rel=\"noopener\">Population migration<\/a> explains the hikes in both cities \u2014 Phoenix and Las Vegas are among the most popular destinations for Californians looking for more affordable lifestyles, so rents are growing as the cities have to accommodate an increasing number of residents. Around the country,\u00a0<a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/atlanta-ga\/\" target=\"_blank\" rel=\"noopener\">apartments for rent in Atlanta<\/a> went for $1,477 in January, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/washington-dc\/\" target=\"_blank\" rel=\"noopener\">apartments in Washington, DC<\/a> for $2,233 per month, and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/tampa-fl\/\" target=\"_blank\" rel=\"noopener\">Tampa apartments<\/a> rented for an average of $1,338.<\/p>\n<div style=\"max-width: 700px; margin: 0 auto;\"><script id=\"infogram_0_94cb9d82-0358-4637-a88f-8ff2cc0b183f\" title=\"Avg Rent by MegaHubs - January-graph\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?z8y\" type=\"text\/javascript\"><\/script><\/div>\n<h2>Large cities: The priciest apartments are in the biggest job hubs<\/h2>\n<p><strong><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/manhattan-ny\/\">Manhattan, NY<\/a>,<\/strong>\u00a0($4,210) is the most expensive to rent in, with <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/boston-town-ny\/\"><strong>Boston, NY<\/strong><\/a> ($3,462) and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/brooklyn-ny\/\"><strong>Brooklyn, NY<\/strong><\/a> ($2,936) also in the top 5, in the Northeast. <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/san-francisco-ca\/\">San Francisco, CA<\/a> and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/san-jose-ca\/\">San Jose, CA<\/a>, on the West Coast round up the top. The priciest large cities are all job mega-centers, with higher incomes, large numbers of renters, and high occupancy rates, explaining why residents pay top dollar to live in one of these locations. Around the country, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/seattle-wa\/\" target=\"_blank\" rel=\"noopener\">Seattle apartments<\/a> rented for $2,139 on average in January, while <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/chicago-il\/\" target=\"_blank\" rel=\"noopener\">Chicago apartments<\/a> went for $1,948 per month.<\/p>\n<p>On the other end of the spectrum, large cities with the lowest rent prices are: <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/oklahoma-city-ok\/\">Oklahoma City, OK<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/el-paso-tx\/\">El Paso, TX<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/memphis-tn\/\">Memphis, TN<\/a>, Indianapolis, IN, and Columbus, OH.<\/p>\n<p><a href=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/large-cities-map_ianuary-2020.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-101644\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/large-cities-map_ianuary-2020.png\" alt=\"\" width=\"901\" height=\"639\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/large-cities-map_ianuary-2020.png 901w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/large-cities-map_ianuary-2020.png?resize=500,355 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/large-cities-map_ianuary-2020.png?resize=768,545 768w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/large-cities-map_ianuary-2020.png?resize=150,106 150w\" sizes=\"auto, (max-width: 901px) 100vw, 901px\" \/><\/a><\/p>\n<h2>Mid-sized cities: Metro L.A. dominates the list<\/h2>\n<p>Most of the priciest mid-sized cities for renters are in the sprawling L.A. metro area.<a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/ca\/long-beach\/\"><strong> Long Beach\u2019s<\/strong><\/a> $2,113 average rent secured its position as the second most expensive city in the category, followed by <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/santa-ana-ca\/\"><strong>Santa Ana<\/strong><\/a> ($1,974). <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/anaheim-ca\/\"><strong>Anaheim<\/strong> <\/a>came in fourth, with a $1,872 average apartment rate. <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/oakland-ca\/\"><strong>Oakland<\/strong> <\/a>is the most expensive among mid-sized cities, while <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/miami-fl\/\" target=\"_blank\" rel=\"noopener\">Miami apartments<\/a> come in fifth. Around the country, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/raleigh-nc\/\" target=\"_blank\" rel=\"noopener\">apartments in Raleigh<\/a> were renting for $1,223, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/minneapolis-mn\/\" target=\"_blank\" rel=\"noopener\">apartments in Minneapolis<\/a> for $1,584 per month, and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/pittsburgh-pa\/\" target=\"_blank\" rel=\"noopener\">apartments in Pittsburgh<\/a> for $1,237 on average.<\/p>\n<p>Meanwhile, the lowest rents were registered in the following mid-sized cities: <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/wichita-ks\/\">Wichita, KS<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/tucson-az\/\">Tucson, AZ<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/tulsa-ok\/\">Tulsa, OK<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/albuquerque-nm\/\">Albequerque, NM<\/a>, and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/lexington-ky\/\">Lexington, KY<\/a>.<\/p>\n<p><a href=\"#fulltable\">See the complete list of cities at the end of this report<\/a><\/p>\n<p><a href=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/mid-size-cities-map_ianuary-2020.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-101656\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/mid-size-cities-map_ianuary-2020.png\" alt=\"\" width=\"901\" height=\"640\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/mid-size-cities-map_ianuary-2020.png 901w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/mid-size-cities-map_ianuary-2020.png?resize=500,355 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/mid-size-cities-map_ianuary-2020.png?resize=768,546 768w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/mid-size-cities-map_ianuary-2020.png?resize=150,107 150w\" sizes=\"auto, (max-width: 901px) 100vw, 901px\" \/><\/a><\/p>\n<h2>Small cities: Texas boasts the lowest rents<\/h2>\n<p>Texas border town <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/brownsville-port-isabel-lower-rio-grande-valley-tx\/\"><strong>Brownsville<\/strong> <\/a>($730) is the second cheapest small city for renters in the U.S. On the opposite side of the state, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/amarillo-tx\/\"><strong>Amarillo\u2019s<\/strong> <\/a>$754 average rent took the third spot on the podium. Military boom town <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/killeen-tx\/\"><strong>Killeen<\/strong> <\/a>is the last Texan city in the ranking, posting a $764 average price. <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/toledo-oh\/\" target=\"_blank\" rel=\"noopener\">Toledo, OH apartments<\/a> are the most affordable among small cities. <strong>Independence, MO<\/strong> rounds up the top 5 small cities with the lowest rents in January. By comparison, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/fort-lauderdale-fl\/\" target=\"_blank\" rel=\"noopener\">Fort Lauderdale, FL apartments<\/a> rented for $1,972 in January, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/durham-nc\/\" target=\"_blank\" rel=\"noopener\">Durham, NC apartments<\/a> cost on average $1,182 per month, and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/salt-lake-city-ut\/\" target=\"_blank\" rel=\"noopener\">Salt Lake City rentals<\/a>\u00a0went for $1,248.<\/p>\n<p><a href=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Small-cities-map_ianuary-2020.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-101659\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Small-cities-map_ianuary-2020.png\" alt=\"\" width=\"901\" height=\"640\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Small-cities-map_ianuary-2020.png 901w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Small-cities-map_ianuary-2020.png?resize=500,355 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Small-cities-map_ianuary-2020.png?resize=768,546 768w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/Small-cities-map_ianuary-2020.png?resize=150,107 150w\" sizes=\"auto, (max-width: 901px) 100vw, 901px\" \/><\/a><\/p>\n<h3><\/h3>\n<div><strong id=\"fulltable\"><\/strong>Curious about rents in cities like <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/philadelphia-pa\/\">Philadelphia<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/charlotte-nc\/\">Charlotte<\/a>, or <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/austin-tx\/\">Austin<\/a>? See the average rent price in your city by using this interactive table:<br \/>\n<script id=\"infogram_0_ff482263-2b8f-40f6-a09d-bdc3f65c8c61\" title=\"Avg Rent by City Type - January2020\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?bUF\" type=\"text\/javascript\"><\/script><\/p>\n<h3>Read your local rent report:<\/h3>\n<div id=\"\" class=\" magee-shortcode magee-row row\"><br \/>\n<div class=\" magee-shortcode magee-column col-md-6\" id=\"\" style=\"text-align:left;\">\n<ul>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/alabama-rent-report-january-2020\/\">Alabama<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/arkansas-rent-report-january-2020\/\">Arkansas<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/atlanta-ga\/#rent-report\">Metro Atlanta<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/southern-california-rent-report-january-2020\/\">Southern California<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/central-valley-rent-report-january-2020\/\">Central Valley California<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/bay-area-rent-report-january-2020\/\">Bay Area California\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/colorado-rent-report-january-2020\/\">Colorado<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/connecticut-rent-report-january-2020\/\">Connecticut<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/cook-county-rent-report-january-2020\/\">Cook County Illinois<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/indiana-rent-report-january-2020\/\">Indiana<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-rent-report-january-2020\/\">Iowa<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/kansas-rent-report-january-2020\/\">Kansas<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/kentucky-rent-report-january-2020\/\">Kentucky<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/massachusetts-rent-report-january-2020\/\">Massachusetts<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/miami-fl\/#rent-report\">Greater Miami Area<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/michigan-rent-report-january-2020\/\">Michigan<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/minnesota-rent-report-january-2020\/\">Minnesota<\/a><\/li>\n<\/ul>\n<\/div><div class=\" magee-shortcode magee-column col-md-6\" id=\"\" style=\"text-align:left;\">\n<ul>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/mississippi-rent-report-january-2020\/\">Mississippi<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/missouri-rent-report-january-2020\/\">Missouri<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/nebraska-rent-report-january-2020\/\">Nebraska<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/new-jersey-rent-report-january-2020\/\">New Jersey<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/new-mexico-rent-report-january-2020\/\">New Mexico<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/north-carolina-rent-report-january-2020\/\">North Carolina<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/ohio-rent-report-january-2020\/\">Ohio<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/oklahoma-rent-report-january-2020\/\">Oklahoma<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/oregon-rent-report-january-2020\/\">Oregon<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/pennsylvania-rent-report-january-2020\/\">Pennsylvania<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/tennessee-rent-report-january-2020\/\">Tennessee<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/texas-rent-report-january-2020\/\">Texas<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/utah-rent-report-january-2020\/\">Utah<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/seattle-metro-rent-report-january-2020\/\">Seattle Metropolitan Area<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/washington-dc\/#rent-report\">Washington D.C. Metropolitan Area<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/wisconsin-rent-report-january-2020\/\">Wisconsin<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n<h3><strong><em>Methodology:<\/em><\/strong><\/h3>\n<p><em><a href=\"https:\/\/www.rentcafe.com\/\">RentCafe.com<\/a>\u00a0is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.<\/em><\/p>\n<p><em>To compile this report, RentCafe\u2019s research team analyzed rent data across the 260 largest cities in the US.\u00a0The data on average rents comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company <\/em><em><a href=\"https:\/\/www.yardimatrix.com\/\">Yardi Matrix<\/a><\/em><em>, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. The national average rent includes over 130 markets across the U.S., as reported by Yardi Matrix.<\/em><\/p>\n<div class=\"usagerights\">\n<div class=\"fairuse\">\n<h3>Fair use and redistribution<\/h3>\n<p>We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">RentCafe.com<\/a> or this page, so that your readers can learn more about this project, the research behind it and its methodology. For more in-depth, customized data, please contact us at <a href=\"mailto:media@rentcafe.com\" target=\"_blank\" rel=\"noopener noreferrer\">media@rentcafe.com<\/a>.<\/p>\n<p><!-- This site is converting visitors into subscribers and customers with OptinMonster - https:\/\/optinmonster.com --><br \/>\n<script type=\"text\/javascript\" src=\"https:\/\/a.optmnstr.com\/app\/js\/api.min.js\" data-account=\"63393\" data-user=\"56204\" async=\"\"><\/script><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: The national average rent in January 2020 was $1,463, up 3% compared to the same time last year.\u00a0 The most expensive apartments are in Manhattan, $4,210 per month, while the lowest rents are in Wichita, KS, $662 per month. Of the largest renter hubs, DC apartments saw the highest net increase in rent&hellip;<\/p>\n","protected":false},"author":163,"featured_media":101731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4245,3660],"tags":[],"class_list":["post-100546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apartment-rent-report","category-real-estate-news","gallery-content-unit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RentCafe National Rent Report: The Average Apartment Rent Was $1,463 in January - RentCafe rental blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RentCafe National Rent Report: The Average Apartment Rent Was $1,463 in January\" \/>\n<meta property=\"og:description\" content=\"Key takeaways: The national average rent in January 2020 was $1,463, up 3% compared to the same time last year.\u00a0 The most expensive apartments are in Manhattan, $4,210 per month, while the lowest rents are in Wichita, KS, $662 per month. Of the largest renter hubs, DC apartments saw the highest net increase in rent&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/\" \/>\n<meta property=\"og:site_name\" content=\"RentCafe rental blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-15T08:47:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T12:48:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/featured-image_january-2020-rent-report.png\" \/>\n\t<meta property=\"og:image:width\" content=\"891\" \/>\n\t<meta property=\"og:image:height\" content=\"401\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Irina Lupa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Irina Lupa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/\",\"name\":\"RentCafe National Rent Report: The Average Apartment Rent Was $1,463 in January - RentCafe rental blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/featured-image_january-2020-rent-report.png\",\"datePublished\":\"2020-02-15T08:47:25+00:00\",\"dateModified\":\"2022-12-08T12:48:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/53c137935eb9a0b8b28b481df604316c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#primaryimage\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/featured-image_january-2020-rent-report.png\",\"contentUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2020\/02\/featured-image_january-2020-rent-report.png\",\"width\":891,\"height\":401,\"caption\":\"featured-image_january-2020-rent-report\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/january-2020-national-rent-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rentcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RentCafe National Rent Report: The Average Apartment Rent Was $1,463 in January\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/\",\"name\":\"RentCafe rental blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rentcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/53c137935eb9a0b8b28b481df604316c\",\"name\":\"Irina Lupa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2023\/12\/Default_profile_pic.png?w=96\",\"contentUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2023\/12\/Default_profile_pic.png?w=96\",\"caption\":\"Irina Lupa\"},\"description\":\"Irina Lupa is a creative writer for several Yardi publications, where they cover real estate market trends and industry news. 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