Millions of Americans Spend Half Their Paycheck on Rent. Here Are Median Rental Prices by State
Millions of Americans Spend Half Their Paycheck on Rent. Here Are …
Jan 25, 2024
TIMESimmone Shah
Our February 2025 Rental Report shows that the median asking rent across the 50 largest metros dropped to $1,691, marking the 19th consecutive month of decline. Despite this gradual dip, rents remain significantly higher than pre-pandemic levels—still over 14% above what Americans were paying before. In February, the median rent for a studio was $1,413, down 0.8% year over year. One-bedroom units averaged $1,583, while two-bedrooms rented for $1,887, both reflecting a 0.7% annual decrease. 🌆 Ch
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