Asking rent across the United States ticked up per seasonal norms by 0.2 percent in January from the month before, and 3.5 percent year over year, a new analysis from property-listings firm Zillow shows.
That puts the typical asking rent at $1,968, according to the Zillow Observed Rent Index. Renters need to earn $78,722 a year to comfortably afford their leases.
Single-family home rents have been behind much of the growth in the rental market, with rents for these properties hitting $2,179 – about 20 percent higher than apartments. Since last year, single-family home rents have risen 4.4 percent. Meanwhile, multifamily rents have gone up by 2.7 percent during the same time frame.
Here is the data behind the Zillow Observed Rent Index for January 2025 for the top metro areas in the U.S.
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