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.

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Table of Contents:

1. Report Summary

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

 

1: Report Summary

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:

  • 73% of cities experienced year-over-year rent increases
  • 19% of cities experienced double digit year-over-year rent increases, which is down from 36% last quarter

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?

  • Geography: SFR markets in 771 U.S. cities across six regions.
  • Property type: 3-BR SFRs with all bathroom counts.
  • Analysis: Rent data was analyzed year-over-year for Q3 2022 and Q3 2023.
  • Data: Includes data collected and updated between July 1st and September 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, 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

  • Chicago, IL rent for a 3-BR SFR: $2,674
  • Kansas City, MO rent for a 3-BR SFR: $1,579
  • Minneapolis, MN rent for a 3-BR SFR: $2,294

 

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

  • Boston, MA rent for a 3-BR SFR: $4,005
  • Philadelphia, PA rent for a 3-BR SFR: $1,757
  • Pittsburgh, PA rent for a 3-BR SFR: $1,806

 

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

  • Los Angeles, CA rent for a 3-BR SFR: $5,172
  • San Diego, CA rent for a 3-BR SFR: $4,595
  • San Francisco, CA rent for a 3-BR SFR: $5,431

 

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

  • Colorado Springs, CO rent for a 3-BR SFR: $2,233
  • Denver, CO rent for a 3-BR SFR: $3,102
  • Las Vegas, NV rent for a 3-BR SFR: $2,238

 

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

  • Atlanta, GA rent for a 3-BR SFR: $2,642
  • Miami, FL rent for a 3-BR SFR: $4,078
  • Orlando, FL rent for a 3-BR SFR: $2,340

 

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

  • Austin, TX rent for a 3-BR SFR: $2,854
  • Dallas, TX rent for a 3-BR SFR: $2,826
  • Houston, TX rent for a 3-BR SFR: $2,224
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