Rentometer Quarterly Rent Report: Nationwide Rent Price Changes in Q3 2023
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Over the past year, Rentometer has closely monitored rent prices for three-bedroom (3-BR) single-family rentals (SFRs). Single-family homes are an attractive option for renters looking for more space. There are various factors influencing home prices, including high demand, low supply of inventory, and interest rates continuing to increase. You may be wondering how these factors have affected rent prices. Let's take a closer look.
Table of Contents:
2. Methodology
3. Nationwide Rent Price Analysis
4. Midwest Rent Price Analysis
5. Northeast Rent Price Analysis
6. Pacific Rent Price Analysis
7. Rocky Mountains Rent Price Analysis
8. Southeast Rent Price Analysis
9. Southwest Rent Price Analysis
10. Conclusion
Rentometer has compiled a rent price analysis of 3-BR SFRs in 771 cities across the U.S. to see how rents have changed since this time last year.
Some key highlights from the nationwide analysis are as follows:
The remainder of this report contains our nationwide analysis of Q3 2023 average rent prices and how they have changed over the past year.
2: Methodology
What was the methodology we used to complete our nationwide rent price analysis?
3: Nationwide Rent Price Analysis
The orange bar graph below shows the year-over-year rent changes across fifteen major cities in the U.S. Of these fifteen markets, Pittsburgh, Pennsylvania had the largest year-over-year rent increase of 9%, while Nashville, Tennessee had the largest rent decrease of -3%.
Out of the 771 cities represented in this report, 162 (21%) markets had rent decreases in Q3 2023. The blue bar graph below shows the fifteen markets that had the largest rent decreases. Of these fifteen markets, Waxhaw, North Carolina had the largest year-over-year rent decrease of -13%, while Apex, North Carolina had the smallest decrease of -7%.
4: Midwest Rent Price Analysis
Rent Price Changes in the Midwest
In the Midwest, Anderson, Indiana had the largest year-over-year rent increase of 25%, while Saint Charles, Missouri had the largest decrease of -8%.
Rent Prices in Popular Midwest Markets
City/State | Q3 2022 Average Rent |
Q3 2023 Average Rent |
YoY % Change |
Akron, OH | $1,223 | $1,207 | -1% |
Anderson, IN | $1,045 | $1,304 | 25% |
Ankeny, IA | $1,866 | $2,099 | 12% |
Ann Arbor, MI | $2,547 | $2,594 | 2% |
Aurora, IL | $2,185 | $2,212 | 1% |
Bellevue, NE | $1,712 | $1,985 | 16% |
Belton, MO | $1,639 | $1,627 | -1% |
Bloomington, IN | $2,035 | $2,064 | 1% |
Blue Springs, MO | $1,686 | $1,728 | 2% |
Brownsburg, IN | $1,819 | $2,028 | 11% |
Canal Winchester, OH | $1,909 | $1,890 | -1% |
Canton, OH | $1,141 | $1,212 | 6% |
Cedar Rapids, IA | $1,323 | $1,369 | 3% |
Champaign, IL | $1,396 | $1,495 | 7% |
Chicago, IL | $2,606 | $2,674 | 3% |
Cincinnati, OH | $1,599 | $1,869 | 17% |
Cleveland Heights, OH | $1,519 | $1,875 | 23% |
Cleveland, OH | $1,400 | $1,424 | 2% |
Columbia, MO | $1,521 | $1,643 | 8% |
Columbus, IN | $1,760 | $1,700 | -3% |
Columbus, OH | $1,666 | $1,798 | 8% |
Davenport, IA | $1,277 | $1,497 | 17% |
Dayton, OH | $1,293 | $1,397 | 8% |
Dearborn Heights, MI | $1,525 | $1,561 | 2% |
Dearborn, MI | $1,726 | $1,823 | 6% |
Des Moines, IA | $1,426 | $1,523 | 7% |
Detroit, MI | $1,232 | $1,260 | 2% |
Duluth, MN | $1,798 | $1,953 | 9% |
Eastpointe, MI | $1,337 | $1,348 | 1% |
Euclid, OH | $1,269 | $1,357 | 7% |
Evansville, IN | $1,152 | $1,349 | 17% |
Fargo, ND | $1,586 | $1,751 | 10% |
Fishers, IN | $2,014 | $2,036 | 1% |
Flint, MI | $894 | $922 | 3% |
Florissant, MO | $1,488 | $1,494 | 0% |
Fort Wayne, IN | $1,370 | $1,557 | 14% |
Franklin, IN | $1,546 | $1,680 | 9% |
Gary, IN | $1,167 | $1,319 | 13% |
Grand Rapids, MI | $1,885 | $1,968 | 4% |
Greenfield, IN | $1,584 | $1,635 | 3% |
Greenwood, IN | $1,645 | $1,667 | 1% |
Grove City, OH | $1,794 | $2,106 | 17% |
Hamilton, OH | $1,425 | $1,712 | 20% |
Hammond, IN | $1,540 | $1,524 | -1% |
Independence, MO | $1,453 | $1,435 | -1% |
Indianapolis, IN | $1,545 | $1,645 | 6% |
Joliet, IL | $2,022 | $1,881 | -7% |
Joplin, MO | $1,265 | $1,335 | 6% |
Kansas City, KS | $1,317 | $1,545 | 17% |
Kansas City, MO | $1,525 | $1,579 | 4% |
Lansing, MI | $1,342 | $1,374 | 2% |
Lawrence, KS | $1,698 | $1,824 | 7% |
Lee's Summit, MO | $1,842 | $1,932 | 5% |
Lincoln, NE | $1,597 | $1,631 | 2% |
Madison, WI | $2,213 | $2,425 | 10% |
Manhattan, KS | $1,321 | $1,524 | 15% |
Middletown, OH | $1,277 | $1,587 | 24% |
Milwaukee, WI | $1,605 | $1,616 | 1% |
Minneapolis, MN | $2,110 | $2,294 | 9% |
Muncie, IN | $1,118 | $1,094 | -2% |
Naperville, IL | $2,641 | $3,024 | 15% |
Noblesville, IN | $1,829 | $1,978 | 8% |
O'Fallon, MO | $1,882 | $2,164 | 15% |
Olathe, KS | $2,048 | $1,998 | -2% |
Omaha, NE | $1,738 | $1,927 | 11% |
Overland Park, KS | $1,927 | $2,174 | 13% |
Plainfield, IL | $2,372 | $2,355 | -1% |
Prairie Village, KS | $1,989 | $2,296 | 15% |
Raytown, MO | $1,336 | $1,458 | 9% |
Reynoldsburg, OH | $1,776 | $1,833 | 3% |
Rochester, MN | $1,729 | $1,966 | 14% |
Rockford, IL | $1,342 | $1,460 | 9% |
Royal Oak, MI | $2,175 | $2,431 | 12% |
Saint Charles, MO | $2,266 | $2,096 | -8% |
Saint Paul, MN | $1,893 | $1,939 | 2% |
Sioux Falls, SD | $1,713 | $1,808 | 6% |
South Bend, IN | $1,470 | $1,504 | 2% |
Springfield, IL | $1,503 | $1,417 | -6% |
Springfield, MO | $1,435 | $1,420 | -1% |
St. Louis, MO | $1,512 | $1,608 | 6% |
St. Peters, MO | $1,953 | $2,142 | 10% |
Sterling Heights, MI | $2,146 | $2,131 | -1% |
Toledo, OH | $1,155 | $1,167 | 1% |
Topeka, KS | $1,103 | $1,252 | 14% |
Traverse City, MI | $2,120 | $2,210 | 4% |
Troy, MI | $2,204 | $2,293 | 4% |
Warren, MI | $1,497 | $1,481 | -1% |
West Lafayette, IN | $1,760 | $1,830 | 4% |
Westfield, IN | $2,150 | $2,490 | 16% |
Westland, MI | $1,432 | $1,602 | 12% |
Wichita, KS | $1,237 | $1,315 | 6% |
Youngstown, OH | $1,071 | $1,133 | 6% |
5: Northeast Rent Price Analysis
Rent Price Changes in the Northeast
In the Northeast, Newark, New Jersey had the largest year-over-year rent increase of 18%, while Newport, Rhode Island had the largest decrease of -5%.
Rent Prices in Popular Northeast Markets
City/State | Q3 2022 Average Rent |
Q3 2023 Average Rent |
YoY % Change |
Allentown, PA | $1,881 | $1,964 | 4% |
Boston, MA | $3,744 | $4,005 | 7% |
Buffalo, NY | $1,675 | $1,629 | -3% |
Erie, PA | $1,204 | $1,372 | 14% |
Harrisburg, PA | $1,537 | $1,592 | 4% |
Jersey City, NJ | $2,598 | $2,908 | 12% |
Lancaster, PA | $1,733 | $1,875 | 8% |
Long Beach, NY | $3,914 | $4,479 | 14% |
Milford, CT | $3,029 | $3,508 | 16% |
Newark, NJ | $2,079 | $2,454 | 18% |
Newport, RI | $4,430 | $4,214 | -5% |
Newton, MA | $4,360 | $4,258 | -2% |
Norwalk, CT | $5,031 | $4,968 | -1% |
Philadelphia, PA | $1,728 | $1,757 | 2% |
Pittsburgh, PA | $1,651 | $1,806 | 9% |
Queens, NY | $3,229 | $3,607 | 12% |
Rochester, NY | $1,700 | $1,889 | 11% |
Staten Island, NY | $2,840 | $3,122 | 10% |
Syracuse, NY | $1,808 | $1,810 | 0% |
6: Pacific Rent Price Analysis
Rent Price Changes in the Pacific
In the Pacific, Anaheim, California had the largest year-over-year rent increase of 28%, while Menlo Park, California had the largest decrease of -9%.
Rent Prices in Popular Pacific Markets
City/State | Q3 2022 Average Rent |
Q3 2023 Average Rent |
YoY % Change |
Albany, OR | $2,216 | $2,257 | 2% |
Anaheim, CA | $3,403 | $4,360 | 28% |
Anchorage, AK | $2,392 | $2,742 | 15% |
Antioch, CA | $2,839 | $2,886 | 2% |
Apple Valley, CA | $2,316 | $2,246 | -3% |
Auburn, WA | $2,817 | $2,683 | -5% |
Bakersfield, CA | $2,146 | $2,168 | 1% |
Beaverton, OR | $2,539 | $2,721 | 7% |
Bellevue, WA | $3,735 | $3,839 | 3% |
Bellingham, WA | $2,809 | $3,038 | 8% |
Bend, OR | $2,968 | $3,115 | 5% |
Berkeley, CA | $5,047 | $4,944 | -2% |
Bothell, WA | $3,172 | $3,323 | 5% |
Bremerton, WA | $2,425 | $2,442 | 1% |
Brentwood, CA | $2,992 | $3,156 | 5% |
Burbank, CA | $4,869 | $4,679 | -4% |
Camarillo, CA | $3,796 | $3,798 | 0% |
Campbell, CA | $4,171 | $4,214 | 1% |
Carlsbad, CA | $4,855 | $5,481 | 13% |
Cathedral City, CA | $3,420 | $3,638 | 6% |
Chico, CA | $2,170 | $2,149 | -1% |
Chino Hills, CA | $3,195 | $3,390 | 6% |
Chula Vista, CA | $3,573 | $3,630 | 2% |
Citrus Heights, CA | $2,493 | $2,405 | -4% |
Clovis, CA | $2,290 | $2,381 | 4% |
Concord, CA | $3,362 | $3,409 | 1% |
Corona, CA | $3,076 | $3,098 | 1% |
Corvallis, OR | $2,294 | $2,420 | 5% |
Costa Mesa, CA | $5,164 | $5,495 | 6% |
Cupertino, CA | $4,535 | $4,656 | 3% |
Daly City, CA | $3,982 | $3,866 | -3% |
Desert Hot Springs, CA | $2,938 | $2,751 | -6% |
Dublin, CA | $3,757 | $3,974 | 6% |
El Cajon, CA | $3,643 | $3,780 | 4% |
Elk Grove, CA | $2,609 | $2,608 | 0% |
Encinitas, CA | $5,830 | $6,722 | 15% |
Escondido, CA | $3,699 | $3,946 | 7% |
Eugene, OR | $2,334 | $2,346 | 1% |
Everett, WA | $2,701 | $2,657 | -2% |
Ewa Beach, HI | $3,292 | $3,652 | 11% |
Fairfield, CA | $2,811 | $2,814 | 0% |
Folsom, CA | $2,822 | $2,884 | 2% |
Fontana, CA | $2,827 | $3,045 | 8% |
Fremont, CA | $3,770 | $3,885 | 3% |
Fresno, CA | $2,286 | $2,301 | 1% |
Fullerton, CA | $3,749 | $3,950 | 5% |
Glendale, CA | $4,948 | $5,110 | 3% |
Hanford, CA | $1,874 | $2,145 | 14% |
Hayward, CA | $3,518 | $3,535 | 0% |
Hemet, CA | $2,222 | $2,531 | 14% |
Hesperia, CA | $2,199 | $2,365 | 8% |
Hillsboro, OR | $2,523 | $2,660 | 5% |
Honolulu, HI | $3,574 | $3,765 | 5% |
Huntington Beach, CA | $4,998 | $5,484 | 10% |
Inglewood, CA | $3,908 | $4,115 | 5% |
Irvine, CA | $4,752 | $4,946 | 4% |
Issaquah, WA | $3,585 | $3,630 | 1% |
Kennewick, WA | $2,023 | $2,242 | 11% |
Kent, WA | $2,924 | $3,000 | 3% |
Kirkland, WA | $3,574 | $3,988 | 12% |
La Quinta, CA | $4,008 | $4,477 | 12% |
Lacey, WA | $2,409 | $2,485 | 3% |
Laguna Niguel, CA | $5,040 | $5,027 | 0% |
Lake Elsinore, CA | $2,757 | $2,862 | 4% |
Lake Stevens, WA | $2,984 | $2,893 | -3% |
Lakewood, CA | $3,435 | $3,801 | 11% |
Lancaster, CA | $2,610 | $2,743 | 5% |
Lincoln, CA | $2,623 | $2,797 | 7% |
Livermore, CA | $3,532 | $3,467 | -2% |
Long Beach, CA | $3,637 | $4,116 | 13% |
Los Angeles, CA | $4,949 | $5,172 | 5% |
Lynnwood, WA | $2,716 | $3,061 | 13% |
Manteca, CA | $2,606 | $2,569 | -1% |
Marina, CA | $3,927 | $4,114 | 5% |
Marysville, WA | $2,685 | $2,684 | 0% |
Medford, OR | $2,110 | $2,320 | 10% |
Menifee, CA | $2,703 | $2,805 | 4% |
Menlo Park, CA | $6,023 | $5,507 | -9% |
Merced, CA | $2,043 | $2,024 | -1% |
Milpitas, CA | $3,734 | $3,873 | 4% |
Mission Viejo, CA | $3,865 | $4,390 | 14% |
Modesto, CA | $2,281 | $2,322 | 2% |
Moreno Valley, CA | $2,565 | $2,828 | 10% |
Mountain View, CA | $5,171 | $5,192 | 0% |
Murrieta, CA | $2,935 | $2,886 | -2% |
Napa, CA | $4,504 | $4,238 | -6% |
Newport Beach, CA | $7,188 | $6,904 | -4% |
Oakland, CA | $4,098 | $4,044 | -1% |
Oceanside, CA | $3,736 | $4,094 | 10% |
Olympia, WA | $2,441 | $2,468 | 1% |
Ontario, CA | $2,685 | $3,040 | 13% |
Orange, CA | $4,125 | $4,210 | 2% |
Palm Desert, CA | $3,918 | $4,662 | 19% |
Palm Springs, CA | $4,927 | $5,779 | 17% |
Palmdale, CA | $2,572 | $2,770 | 8% |
Palo Alto, CA | $6,082 | $6,165 | 1% |
Pasadena, CA | $4,301 | $4,722 | 10% |
Pasco, WA | $2,113 | $2,150 | 2% |
Petaluma, CA | $3,378 | $3,501 | 4% |
Pleasanton, CA | $3,982 | $4,166 | 5% |
Portland, OR | $2,825 | $2,920 | 3% |
Puyallup, WA | $2,698 | $2,650 | -2% |
Rancho Cordova, CA | $2,464 | $2,540 | 3% |
Rancho Cucamonga, CA | $3,085 | $3,280 | 6% |
Redding, CA | $2,023 | $2,128 | 5% |
Redlands, CA | $2,809 | $3,008 | 7% |
Redmond, OR | $2,368 | $2,577 | 9% |
Redmond, WA | $3,544 | $3,567 | 1% |
Redondo Beach, CA | $5,134 | $5,242 | 2% |
Redwood City, CA | $5,045 | $5,400 | 7% |
Renton, WA | $2,969 | $3,029 | 2% |
Richmond, CA | $3,457 | $3,399 | -2% |
Ridgecrest, CA | $1,650 | $1,781 | 8% |
Riverside, CA | $2,700 | $2,997 | 11% |
Rocklin, CA | $2,713 | $2,726 | 0% |
Roseville, CA | $2,736 | $2,764 | 1% |
Sacramento, CA | $2,457 | $2,550 | 4% |
Salem, OR | $2,254 | $2,291 | 2% |
Salinas, CA | $3,364 | $3,570 | 6% |
Sammamish, WA | $3,410 | $3,505 | 3% |
San Bernardino, CA | $2,364 | $2,606 | 10% |
San Clemente, CA | $5,870 | $6,221 | 6% |
San Diego, CA | $4,262 | $4,595 | 8% |
San Francisco, CA | $5,166 | $5,431 | 5% |
San Jose, CA | $3,981 | $4,061 | 2% |
San Luis Obispo, CA | $3,722 | $3,896 | 5% |
San Marcos, CA | $3,774 | $4,016 | 6% |
San Mateo, CA | $5,054 | $5,058 | 0% |
San Rafael, CA | $4,697 | $4,964 | 6% |
San Ramon, CA | $4,189 | $4,263 | 2% |
Santa Barbara, CA | $6,826 | $6,451 | -5% |
Santa Clara, CA | $4,276 | $4,452 | 4% |
Santa Clarita, CA | $3,606 | $3,795 | 5% |
Santa Cruz, CA | $4,939 | $5,457 | 10% |
Santa Rosa, CA | $3,454 | $3,475 | 1% |
Seattle, WA | $3,674 | $3,792 | 3% |
South Lake Tahoe, CA | $3,167 | $3,747 | 18% |
South San Francisco, CA | $4,217 | $4,073 | -3% |
Spokane Valley, WA | $2,216 | $2,245 | 1% |
Spokane, WA | $2,015 | $2,122 | 5% |
Springfield, OR | $2,052 | $2,171 | 6% |
Stockton, CA | $2,235 | $2,288 | 2% |
Sunnyvale, CA | $4,317 | $4,572 | 6% |
Tacoma, WA | $2,614 | $2,574 | -2% |
Temecula, CA | $3,016 | $3,236 | 7% |
Thousand Oaks, CA | $4,201 | $4,003 | -5% |
Tigard, OR | $2,665 | $2,838 | 6% |
Torrance, CA | $3,983 | $4,338 | 9% |
Tracy, CA | $2,816 | $2,788 | -1% |
Turlock, CA | $2,232 | $2,452 | 10% |
Upland, CA | $3,226 | $3,372 | 5% |
Vacaville, CA | $2,859 | $2,914 | 2% |
Vallejo, CA | $2,645 | $2,819 | 7% |
Vancouver, WA | $2,476 | $2,492 | 1% |
Victorville, CA | $2,219 | $2,322 | 5% |
Visalia, CA | $2,127 | $2,104 | -1% |
Vista, CA | $3,756 | $3,873 | 3% |
Walnut Creek, CA | $4,156 | $4,138 | 0% |
Whittier, CA | $3,300 | $3,620 | 10% |
Yuba City, CA | $2,248 | $2,238 | 0% |
7: Rocky Mountains Rent Price Analysis
Rent Price Changes in the Rocky Mountains
In the Rocky Mountains, Bozeman, Montana had the largest year-over-year rent increase of 13%, while Arvada, Colorado had the largest decrease of -5%.
Rent Prices in Popular Rocky Mountains Markets
City/State | Q3 2022 Average Rent |
Q3 2023 Average Rent |
YoY % Change |
Arvada, CO | $2,868 | $2,730 | -5% |
Aurora, CO | $2,576 | $2,648 | 3% |
Billings, MT | $1,937 | $1,954 | 1% |
Boise, ID | $2,211 | $2,282 | 3% |
Boulder, CO | $3,500 | $3,749 | 7% |
Bozeman, MT | $3,249 | $3,672 | 13% |
Brighton, CO | $2,569 | $2,615 | 2% |
Broomfield, CO | $2,843 | $2,925 | 3% |
Caldwell, ID | $1,979 | $1,952 | -1% |
Castle Rock, CO | $2,814 | $3,050 | 8% |
Centennial, CO | $2,772 | $3,078 | 11% |
Cheyenne, WY | $1,876 | $1,962 | 5% |
Coeur d'Alene, ID | $2,495 | $2,450 | -2% |
Colorado Springs, CO | $2,206 | $2,233 | 1% |
Commerce City, CO | $2,750 | $2,841 | 3% |
Denver, CO | $3,049 | $3,102 | 2% |
Eagle Mountain, UT | $2,177 | $2,200 | 1% |
Fort Collins, CO | $2,377 | $2,511 | 6% |
Fountain, CO | $2,073 | $2,127 | 3% |
Grand Junction, CO | $1,783 | $1,979 | 11% |
Greeley, CO | $1,977 | $2,083 | 5% |
Henderson, NV | $2,365 | $2,361 | 0% |
Idaho Falls, ID | $1,776 | $1,748 | -2% |
Lakewood, CO | $2,747 | $2,891 | 5% |
Las Vegas, NV | $2,196 | $2,238 | 2% |
Lehi, UT | $2,279 | $2,398 | 5% |
Littleton, CO | $2,807 | $2,913 | 4% |
Longmont, CO | $2,658 | $2,786 | 5% |
Loveland, CO | $2,346 | $2,311 | -1% |
Meridian, ID | $2,282 | $2,214 | -3% |
Nampa, ID | $1,968 | $2,051 | 4% |
North Las Vegas, NV | $2,058 | $2,027 | -2% |
Parker, CO | $2,896 | $3,089 | 7% |
Post Falls, ID | $2,306 | $2,246 | -3% |
Pueblo, CO | $1,521 | $1,668 | 10% |
Reno, NV | $2,486 | $2,686 | 8% |
Salt Lake City, UT | $2,564 | $2,620 | 2% |
South Jordan, UT | $2,337 | $2,398 | 3% |
Sparks, NV | $2,311 | $2,431 | 5% |
St. George, UT | $2,171 | $2,172 | 0% |
Thornton, CO | $2,628 | $2,768 | 5% |
Westminster, CO | $2,648 | $2,809 | 6% |
Windsor, CO | $2,477 | $2,458 | -1% |
8: Southeast Rent Price Analysis
Rent Price Changes in the Southeast
In the Southeast, Decatur, Alabama had the largest year-over-year rent increase of 43%, while Waxhaw, North Carolina had the largest decrease of -13%.
Rent Prices in Popular Southeast Markets
City/State | Q3 2022 Average Rent |
Q3 2023 Average Rent |
YoY % Change |
Acworth, GA | $2,099 | $2,133 | 2% |
Albany, GA | $1,060 | $1,114 | 5% |
Alexandria, VA | $3,445 | $3,391 | -2% |
Alpharetta, GA | $2,598 | $2,825 | 9% |
Altamonte Springs, FL | $2,201 | $2,323 | 6% |
Anderson, SC | $1,585 | $1,486 | -6% |
Apex, NC | $2,202 | $2,043 | -7% |
Apopka, FL | $2,187 | $2,253 | 3% |
Arlington, VA | $3,540 | $3,776 | 7% |
Asheville, NC | $2,694 | $2,705 | 0% |
Athens, GA | $1,738 | $2,032 | 17% |
Atlanta, GA | $2,567 | $2,642 | 3% |
Auburn, AL | $1,718 | $1,854 | 8% |
Augusta, GA | $1,331 | $1,424 | 7% |
Austell, GA | $1,912 | $1,887 | -1% |
Baltimore, MD | $1,684 | $1,769 | 5% |
Bartlett, TN | $1,808 | $1,878 | 4% |
Baton Rouge, LA | $1,569 | $1,720 | 10% |
Benton, AR | $1,451 | $1,382 | -5% |
Bentonville, AR | $1,911 | $1,904 | 0% |
Bessemer, AL | $1,431 | $1,276 | -11% |
Birmingham, AL | $1,461 | $1,503 | 3% |
Boca Raton, FL | $4,820 | $4,960 | 3% |
Bossier City, LA | $1,359 | $1,535 | 13% |
Bowling Green, KY | $1,565 | $1,645 | 5% |
Boynton Beach, FL | $3,883 | $4,209 | 8% |
Bradenton, FL | $2,996 | $3,666 | 22% |
Brandon, FL | $2,200 | $2,296 | 4% |
Brunswick, GA | $1,786 | $2,144 | 20% |
Buford, GA | $2,291 | $2,210 | -4% |
Burlington, NC | $1,523 | $1,723 | 13% |
Cabot, AR | $1,364 | $1,417 | 4% |
Calera, AL | $1,567 | $1,565 | 0% |
Canton, GA | $2,140 | $2,157 | 1% |
Cape Coral, FL | $2,820 | $3,001 | 6% |
Cartersville, GA | $1,836 | $2,045 | 11% |
Cary, NC | $2,200 | $2,218 | 1% |
Casselberry, FL | $2,170 | $2,283 | 5% |
Center Point, AL | $1,123 | $1,249 | 11% |
Centerton, AR | $1,635 | $1,709 | 5% |
Chapel Hill, NC | $2,230 | $2,355 | 6% |
Charleston, SC | $3,172 | $3,767 | 19% |
Charlotte, NC | $1,951 | $2,081 | 7% |
Charlottesville, VA | $2,181 | $2,512 | 15% |
Chattanooga, TN | $2,007 | $1,981 | -1% |
Chesapeake, VA | $1,928 | $1,967 | 2% |
Clarksville, TN | $1,686 | $1,718 | 2% |
Clayton, NC | $1,918 | $1,869 | -3% |
Clearwater, FL | $2,649 | $2,778 | 5% |
Clermont, FL | $2,435 | $2,362 | -3% |
Cocoa, FL | $1,994 | $2,107 | 6% |
Coconut Creek, FL | $3,426 | $3,570 | 4% |
College Park, GA | $1,904 | $1,831 | -4% |
Collierville, TN | $1,942 | $2,202 | 13% |
Columbia, SC | $1,554 | $1,701 | 9% |
Columbia, TN | $1,866 | $1,972 | 6% |
Columbus, GA | $1,262 | $1,268 | 0% |
Concord, NC | $1,833 | $1,852 | 1% |
Conway, AR | $1,422 | $1,490 | 5% |
Conyers, GA | $1,826 | $1,821 | 0% |
Coral Gables, FL | $5,861 | $5,973 | 2% |
Coral Springs, FL | $3,700 | $3,491 | -6% |
Cornelius, NC | $2,462 | $2,302 | -7% |
Covington, GA | $1,859 | $1,766 | -5% |
Crestview, FL | $1,820 | $1,911 | 5% |
Dallas, GA | $1,931 | $1,829 | -5% |
Davie, FL | $3,416 | $3,520 | 3% |
Daytona Beach, FL | $2,393 | $2,173 | -9% |
Decatur, AL | $1,377 | $1,973 | 43% |
Decatur, GA | $2,035 | $1,943 | -5% |
Deerfield Beach, FL | $3,591 | $4,342 | 21% |
DeLand, FL | $2,118 | $2,037 | -4% |
Delray Beach, FL | $4,866 | $4,875 | 0% |
Deltona, FL | $1,969 | $1,951 | -1% |
Doral, FL | $4,247 | $4,396 | 4% |
Douglasville, GA | $1,903 | $1,797 | -6% |
Duluth, GA | $2,203 | $2,240 | 2% |
Durham, NC | $1,977 | $2,141 | 8% |
Easley, SC | $1,580 | $1,780 | 13% |
East Point, GA | $1,832 | $1,794 | -2% |
Enterprise, AL | $1,388 | $1,610 | 16% |
Eustis, FL | $1,996 | $2,071 | 4% |
Fairburn, GA | $2,014 | $2,014 | 0% |
Fairfax, VA | $3,116 | $2,905 | -7% |
Falls Church, VA | $3,022 | $3,115 | 3% |
Fayetteville, AR | $1,769 | $1,855 | 5% |
Fayetteville, NC | $1,370 | $1,514 | 11% |
Forest Park, GA | $1,537 | $1,579 | 3% |
Fort Lauderdale, FL | $4,098 | $4,341 | 6% |
Fort Myers, FL | $3,004 | $3,203 | 7% |
Fort Pierce, FL | $2,446 | $2,578 | 5% |
Fort Smith, AR | $1,270 | $1,409 | 11% |
Franklin, TN | $3,134 | $3,091 | -1% |
Frederick, MD | $2,280 | $2,356 | 3% |
Fredericksburg, VA | $2,175 | $2,218 | 2% |
Fuquay-Varina, NC | $1,998 | $2,061 | 3% |
Gainesville, FL | $1,883 | $2,111 | 12% |
Gainesville, GA | $2,135 | $2,212 | 4% |
Gallatin, TN | $2,098 | $2,262 | 8% |
Garner, NC | $1,947 | $2,023 | 4% |
Gastonia, NC | $1,705 | $1,710 | 0% |
Goose Creek, SC | $1,970 | $2,003 | 2% |
Green Cove Springs, FL | $1,814 | $1,880 | 4% |
Greensboro, NC | $1,644 | $1,709 | 4% |
Greenville, NC | $1,631 | $1,820 | 12% |
Greenville, SC | $1,739 | $1,984 | 14% |
Greer, SC | $1,818 | $1,914 | 5% |
Grovetown, GA | $1,597 | $1,772 | 11% |
Gulfport, MS | $1,348 | $1,711 | 27% |
Hampton, GA | $1,883 | $1,826 | -3% |
Hampton, VA | $1,596 | $1,801 | 13% |
Hattiesburg, MS | $1,314 | $1,485 | 13% |
Helena, AL | $1,957 | $1,859 | -5% |
Hendersonville, TN | $2,206 | $2,512 | 14% |
Hialeah, FL | $3,443 | $3,527 | 2% |
High Point, NC | $1,617 | $1,649 | 2% |
Hinesville, GA | $1,506 | $1,607 | 7% |
Holly Springs, NC | $1,978 | $2,108 | 7% |
Hollywood, FL | $4,419 | $4,168 | -6% |
Homestead, FL | $2,993 | $2,908 | -3% |
Horn Lake, MS | $1,621 | $1,507 | -7% |
Hudson, FL | $2,048 | $2,178 | 6% |
Hueytown, AL | $1,279 | $1,284 | 0% |
Huntersville, NC | $2,137 | $2,174 | 2% |
Huntsville, AL | $1,618 | $1,666 | 3% |
Indian Trail, NC | $1,989 | $2,035 | 2% |
Irmo, SC | $1,615 | $1,680 | 4% |
Jackson, MS | $1,117 | $1,208 | 8% |
Jacksonville Beach, FL | $3,357 | $3,272 | -3% |
Jacksonville, AR | $1,076 | $1,193 | 11% |
Jacksonville, FL | $1,858 | $1,798 | -3% |
Jacksonville, NC | $1,408 | $1,576 | 12% |
Jonesboro, AR | $1,402 | $1,535 | 9% |
Jupiter, FL | $4,363 | $5,385 | 23% |
Kannapolis, NC | $1,691 | $1,733 | 2% |
Kennesaw, GA | $2,112 | $2,216 | 5% |
Kernersville, NC | $1,867 | $1,938 | 4% |
Kissimmee, FL | $2,234 | $2,282 | 2% |
Knoxville, TN | $2,171 | $2,235 | 3% |
La Vergne, TN | $1,900 | $2,014 | 6% |
Ladson, SC | $1,901 | $2,137 | 12% |
Lafayette, LA | $1,528 | $1,654 | 8% |
Lake Charles, LA | $1,371 | $1,375 | 0% |
Lake Worth, FL | $3,669 | $3,613 | -2% |
Lakeland, FL | $1,974 | $2,010 | 2% |
Largo, FL | $2,797 | $2,784 | 0% |
Lawrenceville, GA | $2,136 | $2,154 | 1% |
Lebanon, TN | $2,040 | $2,085 | 2% |
Leesburg, FL | $1,912 | $1,902 | -1% |
Lehigh Acres, FL | $2,184 | $2,235 | 2% |
Lexington, KY | $1,663 | $1,775 | 7% |
Lexington, SC | $1,798 | $1,866 | 4% |
Lilburn, GA | $2,165 | $2,256 | 4% |
Lithonia, GA | $1,788 | $1,762 | -1% |
Little Rock, AR | $1,309 | $1,505 | 15% |
Locust Grove, GA | $1,923 | $1,897 | -1% |
Loganville, GA | $2,036 | $2,033 | 0% |
Louisville, KY | $1,557 | $1,543 | -1% |
Macon, GA | $1,263 | $1,373 | 9% |
Madison, AL | $1,818 | $1,889 | 4% |
Margate, FL | $3,155 | $3,223 | 2% |
Marietta, GA | $2,164 | $2,404 | 11% |
Maryville, TN | $2,030 | $2,278 | 12% |
Matthews, NC | $2,170 | $2,078 | -4% |
McDonough, GA | $1,898 | $1,929 | 2% |
Melbourne, FL | $2,350 | $2,373 | 1% |
Memphis, TN | $1,482 | $1,472 | -1% |
Metairie, LA | $2,172 | $2,413 | 11% |
Miami, FL | $4,055 | $4,078 | 1% |
Middleburg, FL | $1,872 | $1,853 | -1% |
Milton, FL | $1,909 | $1,787 | -6% |
Miramar, FL | $3,568 | $3,225 | -10% |
Mobile, AL | $1,376 | $1,530 | 11% |
Moncks Corner, SC | $1,953 | $2,073 | 6% |
Monroe, LA | $1,221 | $1,210 | -1% |
Monroe, NC | $1,910 | $1,950 | 2% |
Montgomery, AL | $1,177 | $1,268 | 8% |
Mooresville, NC | $1,941 | $2,069 | 7% |
Morgantown, WV | $1,548 | $1,631 | 5% |
Morrisville, NC | $2,357 | $2,253 | -4% |
Mount Dora, FL | $2,245 | $2,190 | -2% |
Mount Pleasant, SC | $3,434 | $3,953 | 15% |
Mt. Juliet, TN | $2,316 | $2,351 | 2% |
Murfreesboro, TN | $2,084 | $2,088 | 0% |
Myrtle Beach, SC | $2,276 | $2,224 | -2% |
Naples, FL | $5,482 | $5,350 | -2% |
Nashville, TN | $2,736 | $2,661 | -3% |
New Orleans, LA | $2,484 | $2,362 | -5% |
New Port Richey, FL | $2,258 | $2,057 | -9% |
Newnan, GA | $2,081 | $1,948 | -6% |
Newport News, VA | $1,691 | $1,758 | 4% |
Norfolk, VA | $1,875 | $2,066 | 10% |
North Charleston, SC | $1,896 | $2,266 | 20% |
North Little Rock, AR | $1,132 | $1,256 | 11% |
North Miami Beach, FL | $3,671 | $3,797 | 3% |
North Miami, FL | $4,030 | $4,865 | 21% |
North Port, FL | $2,358 | $2,355 | 0% |
Ocala, FL | $1,880 | $2,067 | 10% |
Ocoee, FL | $2,347 | $2,338 | 0% |
Olive Branch, MS | $1,784 | $1,826 | 2% |
Orange Park, FL | $1,990 | $1,954 | -2% |
Orlando, FL | $2,361 | $2,340 | -1% |
Ormond Beach, FL | $2,530 | $2,770 | 9% |
Oviedo, FL | $2,347 | $2,475 | 5% |
Palm Bay, FL | $2,070 | $1,986 | -4% |
Palm Beach Gardens, FL | $4,751 | $5,435 | 14% |
Palm Coast, FL | $2,373 | $2,315 | -2% |
Palmetto, FL | $2,612 | $2,501 | -4% |
Panama City Beach, FL | $2,815 | $2,866 | 2% |
Panama City, FL | $1,966 | $2,153 | 10% |
Peachtree City, GA | $2,441 | $2,545 | 4% |
Pembroke Pines, FL | $3,687 | $3,572 | -3% |
Pensacola, FL | $1,962 | $1,878 | -4% |
Phenix City, AL | $1,216 | $1,355 | 11% |
Pinehurst, NC | $2,235 | $2,309 | 3% |
Pinellas Park, FL | $2,733 | $2,652 | -3% |
Plant City, FL | $2,097 | $2,094 | 0% |
Plantation, FL | $4,057 | $3,942 | -3% |
Pompano Beach, FL | $4,588 | $4,480 | -2% |
Pooler, GA | $2,043 | $2,120 | 4% |
Port Charlotte, FL | $2,513 | $2,532 | 1% |
Port Orange, FL | $2,515 | $2,447 | -3% |
Port St. Lucie, FL | $2,658 | $2,765 | 4% |
Portsmouth, VA | $1,678 | $1,734 | 3% |
Powder Springs, GA | $1,856 | $1,926 | 4% |
Punta Gorda, FL | $3,140 | $3,278 | 4% |
Raleigh, NC | $2,026 | $2,096 | 3% |
Richmond, VA | $1,921 | $2,024 | 5% |
Riverdale, GA | $1,738 | $1,771 | 2% |
Riverview, FL | $2,116 | $2,146 | 1% |
Roanoke, VA | $1,582 | $1,742 | 10% |
Rock Hill, SC | $1,780 | $1,835 | 3% |
Rocky Mount, NC | $1,202 | $1,267 | 5% |
Rogers, AR | $1,913 | $1,928 | 1% |
Roswell, GA | $2,828 | $3,051 | 8% |
Royal Palm Beach, FL | $3,146 | $3,296 | 5% |
Salisbury, NC | $1,496 | $1,591 | 6% |
Sanford, FL | $2,123 | $2,154 | 1% |
Sanford, NC | $1,819 | $1,966 | 8% |
Sarasota, FL | $3,126 | $3,517 | 13% |
Savannah, GA | $2,091 | $2,487 | 19% |
Sebring, FL | $1,813 | $1,925 | 6% |
Seffner, FL | $2,220 | $2,263 | 2% |
Shelby County, TN | $1,795 | $1,864 | 4% |
Shreveport, LA | $1,125 | $1,277 | 14% |
Simpsonville, SC | $1,784 | $1,918 | 8% |
Slidell, LA | $1,782 | $1,830 | 3% |
Smyrna, GA | $2,552 | $2,701 | 6% |
Smyrna, TN | $2,060 | $2,161 | 5% |
Snellville, GA | $2,035 | $1,948 | -4% |
Southaven, MS | $1,707 | $1,795 | 5% |
Spartanburg, SC | $1,417 | $1,597 | 13% |
Spring Hill, FL | $2,026 | $2,069 | 2% |
Spring Hill, TN | $2,386 | $2,312 | -3% |
Springdale, AR | $1,693 | $1,715 | 1% |
St. Augustine, FL | $2,655 | $2,490 | -6% |
St. Cloud, FL | $2,320 | $2,343 | 1% |
St. Petersburg, FL | $2,901 | $3,065 | 6% |
Statesville, NC | $1,770 | $1,736 | -2% |
Stockbridge, GA | $1,909 | $1,863 | -2% |
Stonecrest, GA | $1,873 | $1,731 | -8% |
Summerville, SC | $2,093 | $2,151 | 3% |
Sumter, SC | $1,475 | $1,422 | -4% |
Sunrise, FL | $3,334 | $3,370 | 1% |
Suwanee, GA | $2,527 | $2,396 | -5% |
Tallahassee, FL | $1,852 | $2,045 | 10% |
Tampa, FL | $2,565 | $2,711 | 6% |
Titusville, FL | $2,028 | $2,014 | -1% |
Tuscaloosa, AL | $1,474 | $1,706 | 16% |
Union City, GA | $2,001 | $1,889 | -6% |
Valdosta, GA | $1,215 | $1,385 | 14% |
Valrico, FL | $2,057 | $2,233 | 9% |
Venice, FL | $3,772 | $3,820 | 1% |
Vero Beach, FL | $3,053 | $3,607 | 18% |
Villa Rica, GA | $1,891 | $1,819 | -4% |
Virginia Beach, VA | $2,210 | $2,341 | 6% |
Wake Forest, NC | $2,081 | $2,096 | 1% |
Warner Robins, GA | $1,429 | $1,514 | 6% |
Washington, DC | $3,809 | $3,749 | -2% |
Waxhaw, NC | $2,284 | $1,979 | -13% |
Wellington, FL | $5,258 | $4,704 | -11% |
West Palm Beach, FL | $3,726 | $4,224 | 13% |
Weston, FL | $3,956 | $4,065 | 3% |
Williamsburg, VA | $1,863 | $2,111 | 13% |
Wilmington, DE | $1,971 | $1,988 | 1% |
Wilmington, NC | $2,234 | $2,298 | 3% |
Winder, GA | $1,922 | $1,854 | -4% |
Winston-Salem, NC | $1,679 | $1,708 | 2% |
Winter Garden, FL | $2,643 | $2,740 | 4% |
Winter Haven, FL | $1,972 | $1,943 | -1% |
Winter Park, FL | $2,273 | $2,598 | 14% |
Winter Springs, FL | $2,336 | $2,384 | 2% |
Woodstock, GA | $2,216 | $2,367 | 7% |
Yulee, FL | $2,167 | $2,276 | 5% |
Zephyrhills, FL | $2,207 | $2,266 | 3% |
9: Southwest Rent Price Analysis
Rent Price Changes in the Southwest
In the Southwest, Huntsville, Texas had the largest year-over-year rent increase of 24%, while Stillwater, Oklahoma had the largest decrease of -12%.
Rent Prices in Popular Southwest Markets
City/State | Q3 2022 Average Rent |
Q3 2023 Average Rent |
YoY % Change |
Abilene, TX | $1,455 | $1,543 | 6% |
Albuquerque, NM | $2,017 | $2,267 | 12% |
Allen, TX | $2,495 | $2,714 | 9% |
Amarillo, TX | $1,666 | $1,686 | 1% |
Anna, TX | $2,095 | $2,132 | 2% |
Apache Junction, AZ | $1,901 | $2,141 | 13% |
Arlington, TX | $2,125 | $2,155 | 1% |
Aubrey, TX | $2,319 | $2,285 | -1% |
Austin, TX | $2,918 | $2,854 | -2% |
Avondale, AZ | $2,060 | $2,106 | 2% |
Baytown, TX | $1,767 | $1,788 | 1% |
Beaumont, TX | $1,494 | $1,445 | -3% |
Bedford, TX | $2,431 | $2,443 | 0% |
Broken Arrow, OK | $1,622 | $1,782 | 10% |
Bryan, TX | $1,703 | $1,791 | 5% |
Buckeye, AZ | $2,031 | $2,037 | 0% |
Buda, TX | $2,445 | $2,247 | -8% |
Bullhead City, AZ | $1,967 | $1,826 | -7% |
Burleson, TX | $2,070 | $2,008 | -3% |
Canyon Lake, TX | $2,076 | $1,993 | -4% |
Carrollton, TX | $2,626 | $2,662 | 1% |
Casa Grande, AZ | $1,890 | $2,016 | 7% |
Cedar Hill, TX | $2,128 | $2,138 | 0% |
Cedar Park, TX | $2,365 | $2,311 | -2% |
Chandler, AZ | $2,463 | $2,501 | 2% |
Cleburne, TX | $1,756 | $1,772 | 1% |
Clovis, NM | $1,262 | $1,427 | 13% |
College Station, TX | $1,911 | $1,920 | 0% |
Conroe, TX | $1,902 | $1,994 | 5% |
Converse, TX | $1,772 | $1,785 | 1% |
Coppell, TX | $2,621 | $2,722 | 4% |
Copperas Cove, TX | $1,342 | $1,414 | 5% |
Corpus Christi, TX | $1,870 | $1,991 | 6% |
Crowley, TX | $2,037 | $2,108 | 3% |
Cypress, TX | $2,001 | $2,240 | 12% |
Dallas, TX | $2,660 | $2,826 | 6% |
Del City, OK | $1,179 | $1,190 | 1% |
Denison, TX | $1,591 | $1,593 | 0% |
Denton, TX | $2,040 | $2,109 | 3% |
DeSoto, TX | $2,088 | $2,078 | 0% |
Dickinson, TX | $1,862 | $2,048 | 10% |
Duncanville, TX | $1,979 | $2,055 | 4% |
Edinburg, TX | $1,625 | $1,861 | 15% |
Edmond, OK | $1,795 | $1,786 | -1% |
El Mirage, AZ | $1,915 | $1,910 | 0% |
El Paso, TX | $1,579 | $1,656 | 5% |
Enid, OK | $1,176 | $1,336 | 14% |
Euless, TX | $2,309 | $2,607 | 13% |
Flagstaff, AZ | $2,897 | $3,056 | 5% |
Florence, AZ | $1,772 | $1,878 | 6% |
Flower Mound, TX | $2,584 | $2,793 | 8% |
Forney, TX | $2,187 | $2,204 | 1% |
Fort Worth, TX | $2,055 | $2,159 | 5% |
Friendswood, TX | $1,957 | $2,085 | 7% |
Frisco, TX | $2,802 | $2,868 | 2% |
Galveston, TX | $2,270 | $2,559 | 13% |
Garland, TX | $2,101 | $2,063 | -2% |
Georgetown, TX | $2,309 | $2,289 | -1% |
Gilbert, AZ | $2,397 | $2,478 | 3% |
Glendale, AZ | $2,181 | $2,313 | 6% |
Goodyear, AZ | $2,212 | $2,362 | 7% |
Granbury, TX | $2,026 | $2,079 | 3% |
Grand Prairie, TX | $2,181 | $2,297 | 5% |
Grapevine, TX | $3,158 | $2,910 | -8% |
Greenville, TX | $1,663 | $1,708 | 3% |
Houston, TX | $2,148 | $2,224 | 4% |
Humble, TX | $1,889 | $1,956 | 4% |
Huntsville, TX | $1,477 | $1,836 | 24% |
Hurst, TX | $2,223 | $2,248 | 1% |
Hutto, TX | $2,207 | $2,185 | -1% |
Irving, TX | $2,611 | $2,679 | 3% |
Katy, TX | $2,087 | $2,113 | 1% |
Keller, TX | $2,610 | $2,562 | -2% |
Killeen, TX | $1,522 | $1,533 | 1% |
Kyle, TX | $2,078 | $2,093 | 1% |
La Marque, TX | $1,635 | $1,802 | 10% |
La Porte, TX | $1,891 | $1,835 | -3% |
Lake Havasu City, AZ | $2,336 | $2,364 | 1% |
Lancaster, TX | $1,959 | $2,010 | 3% |
Laredo, TX | $1,769 |