These U.S. cities have seen the biggest rent increases since 2020
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If buying a home today is financially out of reach for many Americans, affording the rent may also seem like an increasingly tall order. In the 50 largest U.S. cities, the rent for a one-bedroom apartment climbed an average of $457 per month, or 41%, to $1,578 between 2020 and 2025, according to a recent study from loan marketplace LendingTree. Two-bedroom rents have surged an average of $505, or 37%, to roughly $1,858 per month over the same period. Since 2019, rents nationally have risen 1.
AI Summary
Main Idea: Rents have risen sharply in many big U.S. cities since 2020, with New York, San Diego, and Miami seeing the largest jumps.
Key Points:
- In the 50 largest U.S. cities, average one-bedroom rent rose 41% to $1,578 a month from 2020 to 2025.
- Average two-bedroom rent rose 37% to about $1,858 a month over the same period.
- New York, San Diego, and Miami had the biggest rent increases because demand has outpaced supply, and more people are competing for limited housing.
- San Francisco’s rent growth has been much smaller, and some other cities, like Birmingham and Oklahoma City, have also seen slower increases.
Impact on the People
Negative Impact
Higher rents can squeeze household budgets, leaving workers and families with less money for food, health care, and savings.
Positive Impact
Lower rent growth in some cities may ease pressure for renters there,.
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Candidate Entities2 candidates · 5 weighted vote min · 70% decision
- Department of Housing and Urban Developmentgovernment agency or bodyMinorCandidate
Source of the fair-market rent data used in LendingTree’s analysis.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Oklahoma CitycityMinorCandidate
Mentioned as one of the cities where rents are growing more slowly.
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