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The median monthly rent for all apartment types in the U.S. has stabilized since 2022, despite some seasonal fluctuations. In June 2026, the monthly rent for a two-bedroom apartment amounted to U.S. dollars. That was an increase from U.S. dollars in January 2021, but a decline from the peak value of U.S. dollars in August 2022.

Where are the most expensive apartments in the U.S.?

Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly ** U.S. dollars. This was approximately double the average wage in Michigan and 2.6 times as much as the average wage in Arkansas, South Dakota, and West Virginia. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states.

How did rents change in different states in the U.S.?

In April 2026, some of the most expensive states to rent an apartment only saw a moderate increase or even a decline in rental prices. Nevertheless, rents increased in more than half of U.S. states. In North Dakota, the annual rental growth was the highest, at almost *** percent.