Rentometer Quarterly Rent Report: Nationwide Rent Price Changes in Q2 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. With housing supply shortages, home prices remaining steady, and mortgage rates recently climbing to just over 7%, the housing market is certainly one to keep a close eye on. 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 compiled an analysis of 3-BR SFR rent prices in 508 cities across the U.S. to see how much they have changed since this time last year.
Some key highlights from the nationwide analysis are as follows:
- 89% of cities experienced year-over-year rent increases
- 36% of cities experienced double digit year-over-year rent increases, which is down from 60% last quarter
The remainder of this report contains our nationwide analysis of Q2 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?
- Geography: SFR markets in 508 U.S. cities across six regions.
- Property type: 3-BR SFRs with all bathroom counts.
- Analysis: Rent data was analyzed year-over-year for Q2 2022 and Q2 2023.
- Data: Includes data collected and updated between April 1st and June 30th for 2022 and 2023.
- Exclusions:
- Cities with fewer than 25 new or updated rentals within any quarter were excluded.
- Rentals below $500 (minimum price) or above $10,000 (maximum price) were excluded.
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, Dallas, Texas had the largest year-over-year rent increase of 34%, with Phoenix, Arizona and Atlanta, Georgia shortly behind with rent increases of 19% and 18%, respectively. Miami, Florida had the smallest rent increase of 1%.
The blue bar graph below shows the fifteen markets that had the largest rent decreases in Q2 2023. Out of the 508 cities represented in this report, only 39 markets saw rent decreases. Of these fifteen markets, Conyers, Georgia had the largest year-over-year rent decrease of -9%, while Cary, North Carolina had the smallest decrease of -4%.
4: Midwest Rent Price Analysis
Rent Price Changes in the Midwest
In the Midwest, Bloomington, Indiana had the largest year-over-year rent increase of 29%, while Springfield, Illinois had the largest decrease of -9%.
Rent Prices in Popular Midwest Markets
- Chicago, IL rent for a 3-BR SFR: $2,570
- Kansas City, MO rent for a 3-BR SFR: $1,585
- Minneapolis, MN rent for a 3-BR SFR: $2,356
| City/State | Q2 2022 Average Rent |
Q2 2023 Average Rent |
YoY % Change |
| Akron, OH | $1,235 | $1,211 | -2% |
| Ann Arbor, MI | $2,788 | $2,729 | -2% |
| Aurora, IL | $2,080 | $2,281 | 10% |
| Belton, MO | $1,613 | $1,757 | 9% |
| Bloomington, IN | $1,682 | $2,177 | 29% |
| Blue Springs, MO | $1,672 | $1,740 | 4% |
| Canal Winchester, OH | $1,691 | $1,912 | 13% |
| Canton, OH | $1,077 | $1,149 | 7% |
| Cedar Rapids, IA | $1,240 | $1,283 | 3% |
| Champaign, IL | $1,482 | $1,471 | -1% |
| Chicago, IL | $2,444 | $2,570 | 5% |
| Cincinnati, OH | $1,731 | $1,819 | 5% |
| Cleveland Heights, OH | $1,450 | $1,755 | 21% |
| Cleveland, OH | $1,296 | $1,394 | 8% |
| Columbia, MO | $1,453 | $1,657 | 14% |
| Columbus, OH | $1,673 | $1,729 | 3% |
| Dayton, OH | $1,296 | $1,403 | 8% |
| Des Moines, IA | $1,348 | $1,584 | 18% |
| Detroit, MI | $1,153 | $1,266 | 10% |
| Eastpointe, MI | $1,343 | $1,376 | 2% |
| Fishers, IN | $1,834 | $2,031 | 11% |
| Flint, MI | $916 | $929 | 1% |
| Florissant, MO | $1,374 | $1,537 | 12% |
| Fort Wayne, IN | $1,410 | $1,463 | 4% |
| Franklin, IN | $1,642 | $1,620 | -1% |
| Gary, IN | $1,087 | $1,323 | 22% |
| Grand Rapids, MI | $1,747 | $1,916 | 10% |
| Greenfield, IN | $1,548 | $1,679 | 8% |
| Greenwood, IN | $1,616 | $1,752 | 8% |
| Grove City, OH | $1,859 | $1,990 | 7% |
| Independence, MO | $1,418 | $1,493 | 5% |
| Indianapolis, IN | $1,476 | $1,578 | 7% |
| Iowa City, IA | $1,650 | $1,819 | 10% |
| Kansas City, KS | $1,389 | $1,549 | 12% |
| Kansas City, MO | $1,403 | $1,585 | 13% |
| Lafayette, IN | $1,362 | $1,431 | 5% |
| Lansing, MI | $1,295 | $1,342 | 4% |
| Lawrence, KS | $1,631 | $1,758 | 8% |
| Lee's Summit, MO | $1,841 | $1,831 | -1% |
| Lincoln, NE | $1,525 | $1,659 | 9% |
| Madison, WI | $2,201 | $2,533 | 15% |
| Manhattan, KS | $1,355 | $1,485 | 10% |
| Milwaukee, WI | $1,525 | $1,608 | 5% |
| Minneapolis, MN | $2,097 | $2,356 | 12% |
| Noblesville, IN | $1,810 | $1,868 | 3% |
| Olathe, KS | $1,844 | $2,041 | 11% |
| Omaha, NE | $1,638 | $1,949 | 19% |
| Overland Park, KS | $1,905 | $2,062 | 8% |
| Peoria, IL | $1,039 | $1,182 | 14% |
| Prairie Village, KS | $2,113 | $2,265 | 7% |
| Raytown, MO | $1,380 | $1,497 | 8% |
| Reynoldsburg, OH | $1,729 | $1,877 | 9% |
| Rochester, MN | $1,811 | $1,891 | 4% |
| Rockford, IL | $1,331 | $1,479 | 11% |
| Royal Oak, MI | $2,245 | $2,276 | 1% |
| Saint Paul, MN | $2,009 | $1,961 | -2% |
| South Bend, IN | $1,421 | $1,453 | 2% |
| Springfield, IL | $1,502 | $1,365 | -9% |
| Springfield, MO | $1,392 | $1,463 | 5% |
| St. Louis, MO | $1,479 | $1,607 | 9% |
| Toledo, OH | $1,076 | $1,150 | 7% |
| Topeka, KS | $1,069 | $1,255 | 17% |
| Warren, MI | $1,457 | $1,449 | -1% |
| Wichita, KS | $1,157 | $1,340 | 16% |
| Youngstown, OH | $1,055 | $1,190 | 13% |
5: Northeast Rent Price Analysis
Rent Price Changes in the Northeast
In the Northeast, Syracuse, New York had the largest year-over-year rent increase of 34%, while Buffalo, New York had the smallest increase of 2%.
Rent Prices in Popular Northeast Markets
- Boston, MA rent for a 3-BR SFR: $4,221
- Philadelphia, PA rent for a 3-BR SFR: $1,751
- Pittsburgh, PA rent for a 3-BR SFR: $1,772
| City/State | Q2 2022 Average Rent |
Q2 2023 Average Rent |
YoY % Change |
| Allentown, PA | $1,874 | $2,006 | 7% |
| Boston, MA | $3,742 | $4,221 | 13% |
| Buffalo, NY | $1,739 | $1,772 | 2% |
| Harrisburg, PA | $1,460 | $1,645 | 13% |
| Philadelphia, PA | $1,687 | $1,751 | 4% |
| Pittsburgh, PA | $1,690 | $1,772 | 5% |
| Queens, NY | $3,024 | $3,725 | 23% |
| Rochester, NY | $1,636 | $1,965 | 20% |
| Staten Island, NY | $2,739 | $3,064 | 12% |
| Syracuse, NY | $1,385 | $1,849 | 34% |
6: Pacific Rent Price Analysis
Rent Price Changes in the Pacific
In the Pacific, Long Beach, California had the largest year-over-year rent increase of 30%, while Chico, California had the largest decrease of -8%.
Rent Prices in Popular Pacific Markets
- Los Angeles, CA rent for a 3-BR SFR: $5,071
- San Diego, CA rent for a 3-BR SFR: $4,832
- San Francisco, CA rent for a 3-BR SFR: $5,265
| City/State | Q2 2022 Average Rent |
Q2 2023 Average Rent |
YoY % Change |
| Anaheim, CA | $3,465 | $4,000 | 15% |
| Antioch, CA | $2,719 | $2,910 | 7% |
| Bakersfield, CA | $2,168 | $2,204 | 2% |
| Beaverton, OR | $2,537 | $2,551 | 1% |
| Bellevue, WA | $3,590 | $3,779 | 5% |
| Bellingham, WA | $2,811 | $2,831 | 1% |
| Bend, OR | $3,036 | $3,171 | 4% |
| Berkeley, CA | $5,040 | $4,911 | -3% |
| Bothell, WA | $3,179 | $3,452 | 9% |
| Burbank, CA | $4,636 | $4,814 | 4% |
| Carlsbad, CA | $4,693 | $5,083 | 8% |
| Chico, CA | $2,121 | $1,958 | -8% |
| Chula Vista, CA | $3,477 | $3,713 | 7% |
| Citrus Heights, CA | $2,358 | $2,455 | 4% |
| Clovis, CA | $2,327 | $2,370 | 2% |
| Concord, CA | $3,164 | $3,476 | 10% |
| Corona, CA | $2,951 | $3,137 | 6% |
| Corvallis, OR | $2,216 | $2,344 | 6% |
| Daly City, CA | $3,824 | $3,872 | 1% |
| Elk Grove, CA | $2,502 | $2,629 | 5% |
| Escondido, CA | $3,310 | $3,863 | 17% |
| Eugene, OR | $2,174 | $2,357 | 8% |
| Fairfield, CA | $2,747 | $2,838 | 3% |
| Folsom, CA | $2,819 | $2,875 | 2% |
| Fontana, CA | $2,654 | $3,028 | 14% |
| Fremont, CA | $3,736 | $3,842 | 3% |
| Fresno, CA | $2,084 | $2,183 | 5% |
| Fullerton, CA | $3,611 | $4,059 | 12% |
| Glendale, CA | $4,750 | $5,063 | 7% |
| Hayward, CA | $3,364 | $3,510 | 4% |
| Hillsboro, OR | $2,526 | $2,683 | 6% |
| Honolulu, HI | $3,483 | $3,844 | 10% |
| Huntington Beach, CA | $5,186 | $5,586 | 8% |
| Irvine, CA | $4,355 | $4,960 | 14% |
| Kent, WA | $2,656 | $2,852 | 7% |
| Kirkland, WA | $3,702 | $4,036 | 9% |
| La Mesa, CA | $3,298 | $3,938 | 19% |
| La Quinta, CA | $3,584 | $4,428 | 24% |
| Lancaster, CA | $2,500 | $2,700 | 8% |
| Lincoln, CA | $2,613 | $2,870 | 10% |
| Long Beach, CA | $3,268 | $4,261 | 30% |
| Los Angeles, CA | $4,442 | $5,071 | 14% |
| Medford, OR | $2,151 | $2,370 | 10% |
| Menifee, CA | $2,461 | $2,816 | 14% |
| Menlo Park, CA | $5,834 | $5,913 | 1% |
| Merced, CA | $2,024 | $2,018 | 0% |
| Modesto, CA | $2,180 | $2,238 | 3% |
| Mountain View, CA | $4,845 | $4,627 | -5% |
| Murrieta, CA | $2,892 | $3,019 | 4% |
| Oakland, CA | $3,840 | $3,851 | 0% |
| Oceanside, CA | $3,681 | $3,846 | 4% |
| Olympia, WA | $2,352 | $2,548 | 8% |
| Orange, CA | $4,274 | $4,290 | 0% |
| Palm Desert, CA | $3,714 | $4,527 | 22% |
| Palmdale, CA | $2,581 | $2,893 | 12% |
| Pasadena, CA | $4,120 | $4,702 | 14% |
| Portland, OR | $2,676 | $2,916 | 9% |
| Puyallup, WA | $2,518 | $2,707 | 8% |
| Rancho Cucamonga, CA | $3,032 | $3,130 | 3% |
| Redding, CA | $1,906 | $2,108 | 11% |
| Redmond, OR | $2,423 | $2,573 | 6% |
| Redmond, WA | $3,620 | $3,706 | 2% |
| Redondo Beach, CA | $4,677 | $5,607 | 20% |
| Ridgecrest, CA | $1,588 | $1,720 | 8% |
| Riverside, CA | $2,548 | $3,052 | 20% |
| Rocklin, CA | $2,643 | $2,749 | 4% |
| Roseville, CA | $2,691 | $2,765 | 3% |
| Sacramento, CA | $2,352 | $2,518 | 7% |
| Salem, OR | $2,170 | $2,495 | 15% |
| San Diego, CA | $4,128 | $4,832 | 17% |
| San Francisco, CA | $4,947 | $5,265 | 6% |
| San Jose, CA | $3,864 | $4,240 | 10% |
| San Luis Obispo, CA | $4,090 | $3,945 | -4% |
| San Mateo, CA | $4,898 | $5,346 | 9% |
| Santa Barbara, CA | $6,500 | $6,887 | 6% |
| Santa Clara, CA | $3,987 | $4,611 | 16% |
| Santa Clarita, CA | $3,518 | $3,880 | 10% |
| Santa Rosa, CA | $3,290 | $3,520 | 7% |
| Seattle, WA | $3,311 | $3,729 | 13% |
| South Lake Tahoe, CA | $3,411 | $4,153 | 22% |
| Spokane, WA | $2,172 | $2,165 | 0% |
| Stockton, CA | $2,181 | $2,391 | 10% |
| Sunnyvale, CA | $4,190 | $4,699 | 12% |
| Tacoma, WA | $2,343 | $2,541 | 8% |
| Temecula, CA | $3,014 | $3,432 | 14% |
| Torrance, CA | $3,937 | $4,561 | 16% |
| Tracy, CA | $2,830 | $2,797 | -1% |
| Vallejo, CA | $2,572 | $2,776 | 8% |
| Vancouver, WA | $2,370 | $2,641 | 11% |
| Victorville, CA | $2,190 | $2,247 | 3% |
| West Sacramento, CA | $2,559 | $2,650 | 4% |
7: Rocky Mountains Rent Price Analysis
Rent Price Changes in the Rocky Mountains
In the Rocky Mountains, Boulder, Colorado had the largest year-over-year rent increase of 23%, while Coeur d’Alene, Idaho had the largest decrease of -6%.
Rent Prices in Popular Rocky Mountains Markets
- Colorado Springs, CO rent for a 3-BR SFR: $2,299
- Denver, CO rent for a 3-BR SFR: $3,110
- Las Vegas, NV rent for a 3-BR SFR: $2,234
| City/State | Q2 2022 Average Rent |
Q2 2023 Average Rent |
YoY % Change |
| Arvada, CO | $2,797 | $2,815 | 1% |
| Aurora, CO | $2,548 | $2,728 | 7% |
| Boise, ID | $2,251 | $2,322 | 3% |
| Boulder, CO | $3,262 | $4,018 | 23% |
| Brighton, CO | $2,461 | $2,701 | 10% |
| Broomfield, CO | $2,920 | $2,985 | 2% |
| Castle Rock, CO | $2,897 | $3,059 | 6% |
| Coeur d'Alene, ID | $2,751 | $2,583 | -6% |
| Colorado Springs, CO | $2,125 | $2,299 | 8% |
| Denver, CO | $2,917 | $3,110 | 7% |
| Englewood, CO | $2,840 | $3,072 | 8% |
| Fort Collins, CO | $2,262 | $2,535 | 12% |
| Fountain, CO | $2,119 | $2,112 | 0% |
| Grand Junction, CO | $1,855 | $1,923 | 4% |
| Henderson, NV | $2,279 | $2,354 | 3% |
| Idaho Falls, ID | $1,685 | $1,820 | 8% |
| Las Vegas, NV | $2,160 | $2,234 | 3% |
| Littleton, CO | $2,658 | $3,039 | 14% |
| Longmont, CO | $2,545 | $2,772 | 9% |
| Loveland, CO | $2,201 | $2,461 | 12% |
| Meridian, ID | $2,326 | $2,322 | 0% |
| Nampa, ID | $2,059 | $2,069 | 0% |
| North Las Vegas, NV | $2,032 | $2,064 | 2% |
| Parker, CO | $2,923 | $3,095 | 6% |
| Pueblo, CO | $1,422 | $1,650 | 16% |
| Reno, NV | $2,614 | $2,735 | 5% |
| Salt Lake City, UT | $2,501 | $2,695 | 8% |
| Sparks, NV | $2,370 | $2,446 | 3% |
| St. George, UT | $2,268 | $2,195 | -3% |
| Thornton, CO | $2,474 | $2,696 | 9% |
| Westminster, CO | $2,759 | $2,956 | 7% |
| Windsor, CO | $2,279 | $2,624 | 15% |
8: Southeast Rent Price Analysis
Rent Price Changes in the Southeast
In the Southeast, Charleston, South Carolina had the largest year-over-year rent increase of 36%, while Conyers, Georgia had the largest decrease of -9%.
Rent Prices in Popular Southeast Markets
- Atlanta, GA rent for a 3-BR SFR: $2,644
- Miami, FL rent for a 3-BR SFR: $4,255
- Orlando, FL rent for a 3-BR SFR: $2,268
| City/State | Q2 2022 Average Rent |
Q2 2023 Average Rent |
YoY % Change |
| Acworth, GA | $2,001 | $2,200 | 10% |
| Alexandria, VA | $2,850 | $3,304 | 16% |
| Alpharetta, GA | $2,383 | $2,956 | 24% |
| Apex, NC | $2,277 | $2,076 | -9% |
| Apopka, FL | $2,089 | $2,305 | 10% |
| Arlington, VA | $3,594 | $3,973 | 11% |
| Asheville, NC | $2,575 | $2,637 | 2% |
| Athens, GA | $1,742 | $2,062 | 18% |
| Atlanta, GA | $2,250 | $2,644 | 18% |
| Auburn, AL | $1,653 | $1,749 | 6% |
| Augusta, GA | $1,293 | $1,404 | 9% |
| Baltimore, MD | $1,663 | $1,701 | 2% |
| Bartlett, TN | $1,772 | $1,851 | 4% |
| Baton Rouge, LA | $1,766 | $1,859 | 5% |
| Benton, AR | $1,382 | $1,505 | 9% |
| Bentonville, AR | $1,834 | $2,023 | 10% |
| Bessemer, AL | $1,250 | $1,384 | 11% |
| Birmingham, AL | $1,422 | $1,529 | 8% |
| Boca Raton, FL | $4,459 | $4,778 | 7% |
| Bradenton, FL | $3,057 | $3,780 | 24% |
| Brandon, FL | $2,194 | $2,324 | 6% |
| Brandon, MS | $1,688 | $2,060 | 22% |
| Calera, AL | $1,585 | $1,642 | 4% |
| Canton, GA | $2,121 | $2,135 | 1% |
| Cape Coral, FL | $2,953 | $3,065 | 4% |
| Cartersville, GA | $1,851 | $1,972 | 7% |
| Cary, NC | $2,249 | $2,168 | -4% |
| Casselberry, FL | $2,063 | $2,312 | 12% |
| Center Point, AL | $1,162 | $1,207 | 4% |
| Chapel Hill, NC | $2,107 | $2,397 | 14% |
| Charleston, SC | $3,047 | $4,151 | 36% |
| Charlotte, NC | $1,875 | $1,984 | 6% |
| Charlottesville, VA | $2,258 | $2,589 | 15% |
| Chattanooga, TN | $1,924 | $1,971 | 2% |
| Clarksville, TN | $1,692 | $1,766 | 4% |
| Clayton, NC | $1,794 | $1,871 | 4% |
| Clearwater, FL | $2,548 | $2,927 | 15% |
| Clermont, FL | $2,281 | $2,326 | 2% |
| Columbia, SC | $1,515 | $1,776 | 17% |
| Columbia, TN | $1,850 | $2,033 | 10% |
| Columbus, GA | $1,125 | $1,155 | 3% |
| Concord, NC | $1,749 | $1,878 | 7% |
| Conyers, GA | $1,736 | $1,573 | -9% |
| Coral Gables, FL | $6,044 | $6,152 | 2% |
| Covington, GA | $1,700 | $1,745 | 3% |
| Dallas, GA | $1,865 | $1,820 | -2% |
| Decatur, GA | $1,883 | $1,949 | 4% |
| DeLand, FL | $2,214 | $2,051 | -7% |
| Delray Beach, FL | $4,697 | $5,152 | 10% |
| Deltona, FL | $1,952 | $1,979 | 1% |
| Douglasville, GA | $1,822 | $1,820 | 0% |
| Duluth, GA | $2,163 | $2,309 | 7% |
| Durham, NC | $2,040 | $2,223 | 9% |
| Easley, SC | $1,630 | $1,781 | 9% |
| Fayetteville, AR | $1,848 | $1,931 | 4% |
| Fayetteville, NC | $1,369 | $1,502 | 10% |
| Fort Lauderdale, FL | $4,408 | $4,477 | 2% |
| Fort Myers, FL | $2,660 | $3,517 | 32% |
| Fort Walton Beach, FL | $2,203 | $2,463 | 12% |
| Fuquay-Varina, NC | $1,966 | $1,946 | -1% |
| Gainesville, FL | $1,898 | $2,162 | 14% |
| Gainesville, GA | $2,209 | $2,385 | 8% |
| Gallatin, TN | $2,030 | $2,116 | 4% |
| Garner, NC | $1,887 | $2,048 | 9% |
| Gastonia, NC | $1,674 | $1,737 | 4% |
| Goose Creek, SC | $1,771 | $2,038 | 15% |
| Greensboro, NC | $1,566 | $1,753 | 12% |
| Greenville, NC | $1,654 | $1,682 | 2% |
| Greenville, SC | $1,612 | $2,068 | 28% |
| Greer, SC | $1,696 | $1,975 | 16% |
| Hampton, VA | $1,653 | $1,713 | 4% |
| Hendersonville, TN | $2,136 | $2,294 | 7% |
| Hialeah, FL | $3,215 | $3,589 | 12% |
| High Point, NC | $1,520 | $1,746 | 15% |
| Hinesville, GA | $1,542 | $1,549 | 0% |
| Holly Springs, NC | $1,979 | $2,167 | 10% |
| Hollywood, FL | $4,313 | $4,300 | 0% |
| Homestead, FL | $2,907 | $2,947 | 1% |
| Horn Lake, MS | $1,548 | $1,505 | -3% |
| Huntersville, NC | $2,027 | $2,123 | 5% |
| Huntsville, AL | $1,587 | $1,652 | 4% |
| Indian Trail, NC | $1,898 | $1,980 | 4% |
| Jackson, MS | $1,121 | $1,194 | 7% |
| Jacksonville, AR | $1,084 | $1,158 | 7% |
| Jacksonville, FL | $1,808 | $1,814 | 0% |
| Jacksonville, NC | $1,401 | $1,537 | 10% |
| Jonesboro, AR | $1,390 | $1,449 | 4% |
| Kannapolis, NC | $1,635 | $1,785 | 9% |
| Kennesaw, GA | $1,954 | $2,207 | 13% |
| Kernersville, NC | $1,740 | $1,882 | 8% |
| Kissimmee, FL | $2,000 | $2,234 | 12% |
| Knoxville, TN | $2,025 | $2,214 | 9% |
| La Vergne, TN | $1,872 | $1,954 | 4% |
| Lafayette, LA | $1,528 | $1,648 | 8% |
| Lake Charles, LA | $1,554 | $1,465 | -6% |
| Lake Worth, FL | $4,183 | $3,894 | -7% |
| Lakeland, FL | $1,894 | $2,018 | 7% |
| Lawrenceville, GA | $1,959 | $2,032 | 4% |
| Leesburg, FL | $1,872 | $2,100 | 12% |
| Lehigh Acres, FL | $1,966 | $2,297 | 17% |
| Lexington, KY | $1,521 | $1,739 | 14% |
| Lexington, SC | $1,642 | $1,834 | 12% |
| Little Rock, AR | $1,267 | $1,494 | 18% |
| Loganville, GA | $1,938 | $1,955 | 1% |
| Louisville, KY | $1,510 | $1,521 | 1% |
| Macon, GA | $1,115 | $1,240 | 11% |
| Madison, AL | $1,749 | $1,957 | 12% |
| Marietta, GA | $2,019 | $2,328 | 15% |
| Matthews, NC | $1,921 | $2,091 | 9% |
| McDonough, GA | $1,859 | $1,903 | 2% |
| Melbourne, FL | $2,346 | $2,356 | 0% |
| Memphis, TN | $1,499 | $1,472 | -2% |
| Metairie, LA | $2,409 | $2,426 | 1% |
| Miami, FL | $4,222 | $4,255 | 1% |
| Mobile, AL | $1,333 | $1,597 | 20% |
| Monroe, NC | $1,767 | $1,938 | 10% |
| Montgomery, AL | $1,181 | $1,274 | 8% |
| Mooresville, NC | $1,932 | $2,120 | 10% |
| Mt. Juliet, TN | $2,097 | $2,228 | 6% |
| Murfreesboro, TN | $2,041 | $2,078 | 2% |
| Myrtle Beach, SC | $2,234 | $2,322 | 4% |
| Naples, FL | $4,344 | $5,254 | 21% |
| Nashville, TN | $2,392 | $2,644 | 11% |
| New Orleans, LA | $2,105 | $2,546 | 21% |
| New Port Richey, FL | $1,921 | $2,032 | 6% |
| Newnan, GA | $1,979 | $2,007 | 1% |
| Newport News, VA | $1,614 | $1,864 | 15% |
| Niceville, FL | $2,523 | $2,623 | 4% |
| Norfolk, VA | $1,702 | $1,896 | 11% |
| North Charleston, SC | $1,899 | $2,417 | 27% |
| North Little Rock, AR | $1,165 | $1,155 | -1% |
| North Port, FL | $2,383 | $2,448 | 3% |
| Ocala, FL | $1,838 | $2,136 | 16% |
| Olive Branch, MS | $1,898 | $1,810 | -5% |
| Orange Park, FL | $1,835 | $1,871 | 2% |
| Orlando, FL | $2,270 | $2,368 | 4% |
| Ormond Beach, FL | $2,439 | $2,702 | 11% |
| Oviedo, FL | $2,276 | $2,412 | 6% |
| Palm Bay, FL | $1,861 | $2,067 | 11% |
| Palm Beach Gardens, FL | $4,517 | $5,663 | 25% |
| Palm Coast, FL | $2,338 | $2,341 | 0% |
| Panama City, FL | $1,851 | $2,058 | 11% |
| Pembroke Pines, FL | $3,672 | $3,706 | 1% |
| Pensacola, FL | $1,801 | $1,969 | 9% |
| Plant City, FL | $1,961 | $2,095 | 7% |
| Port Charlotte, FL | $2,602 | $2,916 | 12% |
| Port St. Lucie, FL | $2,512 | $2,844 | 13% |
| Powder Springs, GA | $1,783 | $1,831 | 3% |
| Raleigh, NC | $1,864 | $2,058 | 10% |
| Richmond, VA | $1,789 | $2,041 | 14% |
| Riverdale, GA | $1,649 | $1,822 | 10% |
| Riverview, FL | $1,700 | $2,281 | 34% |
| Roanoke, VA | $1,532 | $1,717 | 12% |
| Salisbury, NC | $1,581 | $1,583 | 0% |
| Sanford, FL | $2,125 | $2,130 | 0% |
| Sarasota, FL | $3,314 | $3,830 | 16% |
| Savannah, GA | $1,984 | $2,553 | 29% |
| Shelby County, TN | $1,747 | $1,844 | 6% |
| Shreveport, LA | $1,152 | $1,250 | 9% |
| Simpsonville, SC | $1,754 | $1,954 | 11% |
| Smyrna, GA | $2,158 | $2,581 | 20% |
| Smyrna, TN | $2,012 | $2,094 | 4% |
| Snellville, GA | $1,948 | $2,005 | 3% |
| Southaven, MS | $1,768 | $1,737 | -2% |
| Spartanburg, SC | $1,385 | $1,590 | 15% |
| Spring Hill, FL | $1,963 | $2,091 | 7% |
| Spring Hill, TN | $2,247 | $2,295 | 2% |
| St. Augustine, FL | $2,378 | $2,535 | 7% |
| St. Cloud, FL | $2,241 | $2,333 | 4% |
| St. Petersburg, FL | $2,656 | $3,137 | 18% |
| Statesville, NC | $1,705 | $1,792 | 5% |
| Stockbridge, GA | $1,702 | $1,736 | 2% |
| Summerville, SC | $2,004 | $2,158 | 8% |
| Tallahassee, FL | $1,753 | $1,980 | 13% |
| Tampa, FL | $2,518 | $2,721 | 8% |
| Tuscaloosa, AL | $1,388 | $1,633 | 18% |
| Union City, GA | $1,846 | $1,886 | 2% |
| Valrico, FL | $2,016 | $2,178 | 8% |
| Venice, FL | $3,501 | $3,617 | 3% |
| Vero Beach, FL | $3,187 | $4,194 | 32% |
| Villa Rica, GA | $1,745 | $1,810 | 4% |
| Virginia Beach, VA | $1,888 | $2,343 | 24% |
| Warner Robins, GA | $1,363 | $1,469 | 8% |
| Washington, DC | $3,451 | $3,825 | 11% |
| Wellington, FL | $3,528 | $4,217 | 20% |
| West Palm Beach, FL | $3,579 | $4,626 | 29% |
| Williamsburg, VA | $1,846 | $2,072 | 12% |
| Wilmington, NC | $2,097 | $2,366 | 13% |
| Winder, GA | $1,874 | $1,976 | 5% |
| Winston-Salem, NC | $1,532 | $1,786 | 17% |
| Winter Haven, FL | $1,845 | $1,916 | 4% |
| Winter Park, FL | $2,558 | $2,598 | 2% |
| Winter Springs, FL | $2,171 | $2,413 | 11% |
| Woodstock, GA | $2,070 | $2,283 | 10% |
9: Southwest Rent Price Analysis
Rent Price Changes in the Southwest
In the Southwest, Dallas, Texas had the largest year-over-year rent increase of 34%, while Cypress, Texas had the largest decrease of -9%.
Rent Prices in Popular Southwest Markets
- Austin, TX rent for a 3-BR SFR: $3,050
- Dallas, TX rent for a 3-BR SFR: $2,991
- Houston, TX rent for a 3-BR SFR: $2,241
| City/State | Q2 2022 Average Rent |
Q2 2023 Average Rent |
YoY % Change |
| Abilene, TX | $1,466 | $1,592 | 9% |
| Albuquerque, NM | $1,887 | $2,241 | 19% |
| Allen, TX | $2,516 | $2,563 | 2% |
| Amarillo, TX | $1,494 | $1,644 | 10% |
| Apache Junction, AZ | $2,042 | $2,107 | 3% |
| Arlington, TX | $2,045 | $2,201 | 8% |
| Austin, TX | $2,941 | $3,050 | 4% |
| Avondale, AZ | $2,121 | $2,249 | 6% |
| Baytown, TX | $1,757 | $1,784 | 2% |
| Beaumont, TX | $1,517 | $1,438 | -5% |
| Broken Arrow, OK | $1,626 | $1,716 | 6% |
| Brownsville, TX | $1,706 | $2,008 | 18% |
| Bryan, TX | $1,546 | $1,824 | 18% |
| Buckeye, AZ | $2,029 | $2,083 | 3% |
| Burleson, TX | $2,003 | $2,056 | 3% |
| Carrollton, TX | $2,500 | $2,630 | 5% |
| Casa Grande, AZ | $1,907 | $1,994 | 5% |
| Cedar Hill, TX | $1,988 | $2,099 | 6% |
| Cedar Park, TX | $2,330 | $2,284 | -2% |
| Chandler, AZ | $2,417 | $2,620 | 8% |
| College Station, TX | $1,697 | $1,907 | 12% |
| Conroe, TX | $1,978 | $1,947 | -2% |
| Converse, TX | $1,734 | $1,748 | 1% |
| Corpus Christi, TX | $1,807 | $2,017 | 12% |
| Crowley, TX | $1,930 | $2,095 | 9% |
| Cypress, TX | $2,210 | $2,010 | -9% |
| Dallas, TX | $2,224 | $2,991 | 34% |
| Del City, OK | $1,163 | $1,194 | 3% |
| Denton, TX | $2,075 | $2,147 | 3% |
| DeSoto, TX | $2,066 | $2,126 | 3% |
| Edinburg, TX | $1,741 | $1,931 | 11% |
| Edmond, OK | $1,711 | $1,831 | 7% |
| El Mirage, AZ | $1,927 | $1,968 | 2% |
| El Paso, TX | $1,513 | $1,709 | 13% |
| Forney, TX | $2,079 | $2,181 | 5% |
| Fort Worth, TX | $1,957 | $2,158 | 10% |
| Friendswood, TX | $1,853 | $2,019 | 9% |
| Frisco, TX | $2,718 | $2,874 | 6% |
| Garland, TX | $1,935 | $2,113 | 9% |
| Georgetown, TX | $2,143 | $2,305 | 8% |
| Gilbert, AZ | $2,299 | $2,494 | 8% |
| Glendale, AZ | $2,136 | $2,365 | 11% |
| Goodyear, AZ | $2,251 | $2,362 | 5% |
| Grand Prairie, TX | $2,017 | $2,348 | 16% |
| Greenville, TX | $1,654 | $1,674 | 1% |
| Houston, TX | $1,945 | $2,241 | 15% |
| Humble, TX | $1,773 | $1,900 | 7% |
| Hutto, TX | $2,142 | $2,148 | 0% |
| Irving, TX | $2,513 | $2,611 | 4% |
| Katy, TX | $2,033 | $2,093 | 3% |
| Killeen, TX | $1,539 | $1,528 | -1% |
| Kyle, TX | $2,106 | $2,120 | 1% |
| Lake Havasu City, AZ | $2,232 | $2,412 | 8% |
| Lancaster, TX | $1,942 | $2,021 | 4% |
| Laredo, TX | $2,005 | $1,901 | -5% |
| Las Cruces, NM | $1,699 | $1,831 | 8% |
| Lawton, OK | $1,079 | $1,151 | 7% |
| League City, TX | $2,093 | $2,195 | 5% |
| Leander, TX | $2,313 | $2,304 | 0% |
| Lewisville, TX | $2,153 | $2,595 | 21% |
| Little Elm, TX | $2,393 | $2,445 | 2% |
| Lubbock, TX | $1,510 | $1,546 | 2% |
| Manor, TX | $2,132 | $2,193 | 3% |
| Maricopa, AZ | $1,979 | $1,954 | -1% |
| McAllen, TX | $1,794 | $1,837 | 2% |
| McKinney, TX | $2,414 | $2,498 | 3% |
| Mesa, AZ | $2,092 | $2,467 | 18% |
| Mesquite, TX | $1,872 | $2,035 | 9% |
| Midland, TX | $2,104 | $2,396 | 14% |
| Midwest City, OK | $1,291 | $1,292 | 0% |
| Missouri City, TX | $1,975 | $2,034 | 3% |
| Montgomery, TX | $1,836 | $2,119 | 15% |
| Moore, OK | $1,432 | $1,483 | 4% |
| New Braunfels, TX | $1,901 | $2,001 | 5% |
| Norman, OK | $1,575 | $1,648 | 5% |
| Odessa, TX | $1,882 | $2,274 | 21% |
| Oklahoma City, OK | $1,458 | $1,557 | 7% |
| Owasso, OK | $1,627 | $1,697 | 4% |
| Pasadena, TX | $1,694 | $1,789 | 6% |
| Pearland, TX | $2,033 | $2,255 | 11% |
| Peoria, AZ | $2,243 | $2,553 | 14% |
| Pflugerville, TX | $2,214 | $2,265 | 2% |
| Phoenix, AZ | $2,124 | $2,529 | 19% |
| Plano, TX | $2,550 | $2,833 | 11% |
| Porter, TX | $1,901 | $1,855 | -2% |
| Queen Creek, AZ | $2,101 | $2,267 | 8% |
| Richardson, TX | $2,408 | $2,833 | 18% |
| Richmond, TX | $2,088 | $2,096 | 0% |
| Rio Rancho, NM | $1,888 | $2,227 | 18% |
| Rosenberg, TX | $1,885 | $1,932 | 2% |
| Round Rock, TX | $2,262 | $2,297 | 2% |
| Rowlett, TX | $2,201 | $2,468 | 12% |
| Sahuarita, AZ | $1,829 | $1,937 | 6% |
| San Angelo, TX | $1,630 | $1,562 | -4% |
| San Antonio, TX | $1,789 | $1,903 | 6% |
| San Tan Valley, AZ | $1,836 | $2,148 | 17% |
| Santa Fe, NM | $3,112 | $3,791 | 22% |
| Scottsdale, AZ | $3,654 | $4,456 | 22% |
| Spring, TX | $1,918 | $2,182 | 14% |
| Stillwater, OK | $1,350 | $1,341 | -1% |
| Sugar Land, TX | $2,148 | $2,196 | 2% |
| Surprise, AZ | $2,155 | $2,259 | 5% |
| Tempe, AZ | $2,389 | $2,698 | 13% |
| Temple, TX | $1,785 | $1,848 | 4% |
| Texas City, TX | $1,465 | $1,596 | 9% |
| Tomball, TX | $2,006 | $2,180 | 9% |
| Tucson, AZ | $1,863 | $2,065 | 11% |
| Tulsa, OK | $1,485 | $1,602 | 8% |
| Tyler, TX | $1,751 | $1,811 | 3% |
| Waco, TX | $1,792 | $1,770 | -1% |
| Watauga, TX | $2,001 | $2,013 | 1% |
| Waxahachie, TX | $1,994 | $2,194 | 10% |
| Wichita Falls, TX | $1,373 | $1,450 | 6% |
| Wylie, TX | $2,182 | $2,248 | 3% |
| Yukon, OK | $1,531 | $1,549 | 1% |
| Yuma, AZ | $1,634 | $1,847 | 13% |
10: Conclusion
Rentometer will continue to monitor rent prices throughout the second half of 2023 to see how they are impacted as the housing market continues to evolve. It is important now more than ever to know the market rent in your area to remain competitive and make informed real estate decisions. To access rent data in your area, click here.
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