United States Rent Price Trends
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Most countries include rent prices within their Consumer Price Index (CPI/HICP), so inflation-adjusted figures are not available. Our Rent Price Index offers a clear, high-level view of rental market trends over time.
Quarterly change in rent prices
| Q1 | Q2 | Q3 | Q4 | |
| 2025 | 0.92% | 0.72% | 0.72% | 0.70% |
| 2024 | 1.21% | 0.97% | 1.09% | 1.07% |
| 2023 | 2.16% | 1.52% | 1.41% | 1.59% |
| 2022 | 1.42% | 1.63% | 2.22% | 2.44% |
| 2021 | 0.35% | 0.52% | 0.80% | 1.33% |
| 2020 | 0.86% | 0.62% | 0.50% | 0.47% |
| 2019 | 0.83% | 0.94% | 0.95% | 0.92% |
| 2018 | 0.84% | 0.70% | 0.94% | 1.03% |
| 2017 | 0.87% | 0.73% | 0.95% | 1.09% |
| 2016 | 0.84% | 0.78% | 0.97% | 1.23% |
| 2015 | 0.85% | 0.68% | 1.01% | 1.10% |
| 2014 | 0.76% | 0.68% | 0.87% | 1.04% |
| 2013 | 0.71% | 0.46% | 0.71% | 0.89% |
| 2012 | 0.69% | 0.40% | 0.60% | 1.02% |
| 2011 | 0.61% | 0.22% | 0.60% | 0.98% |
| 2010 | 0.06% | -0.04% | 0.08% | 0.46% |
| 2009 | 0.69% | 0.29% | -0.01% | -0.03% |
| 2008 | 0.93% | 0.67% | 0.91% | 1.00% |
| 2007 | 1.18% | 0.80% | 0.79% | 1.18% |
| 2006 | 0.76% | 0.92% | 1.14% | 1.24% |
| 2005 | 0.80% | 0.65% | 0.75% | 0.87% |
| 2004 | 0.65% | 0.68% | 0.78% | 0.69% |
| 2003 | 0.88% | 0.55% | 0.62% | 0.65% |
| 2002 | 1.07% | 0.63% | 0.68% | 0.85% |
| 2001 | 1.11% | 1.07% | 1.14% | 1.26% |
| 2000 | 1.06% | 0.66% | 1.02% | 1.21% |
| 1999 | 0.69% | 0.63% | 0.68% | 0.96% |
| 1998 | 0.73% | 0.75% | 0.95% | 0.94% |
| 1997 | 0.67% | 0.70% | 0.83% | 0.82% |
| 1996 | 0.67% | 0.59% | 0.78% | 0.70% |
| 1995 | 0.58% | 0.53% | 0.62% | 0.68% |
| 1994 | 0.73% | 0.39% | 0.74% | 0.67% |
| 1993 | 0.42% | 0.63% | 0.51% | 0.60% |
| 1992 | 0.60% | 0.39% | 0.48% | 0.90% |
| 1991 | 0.57% | 0.85% | 0.86% | 0.65% |
| 1990 | 0.96% | 1.43% | 1.00% |
This table shows the nominal change in rent prices during a single quarter.
Yearly change in rent prices
| Year | Nominal Change |
| 2025 | 3.10% |
| 2024 | 4.41% |
| 2023 | 6.84% |
| 2022 | 7.93% |
| 2021 | 3.03% |
| 2020 | 2.47% |
| 2019 | 3.69% |
| 2018 | 3.55% |
| 2017 | 3.69% |
| 2016 | 3.88% |
| 2015 | 3.69% |
| 2014 | 3.40% |
| 2013 | 2.81% |
| 2012 | 2.73% |
| 2011 | 2.43% |
| 2010 | 0.56% |
| 2009 | 0.94% |
| 2008 | 3.56% |
| 2007 | 4.00% |
| 2006 | 4.11% |
| 2005 | 3.11% |
| 2004 | 2.83% |
| 2003 | 2.72% |
| 2002 | 3.27% |
| 2001 | 4.66% |
| 2000 | 4.01% |
| 1999 | 2.98% |
| 1998 | 3.41% |
| 1997 | 3.05% |
| 1996 | 2.76% |
| 1995 | 2.42% |
| 1994 | 2.55% |
| 1993 | 2.18% |
| 1992 | 2.39% |
| 1991 | 2.96% |
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This table shows how house prices have shifted over the past year. It compares the latest quarter or month of the current year with the same period a year earlier, giving you a quick view of whether prices have risen or fallen.