Here’s What an Average Apartment Costs in 46 US Cities

At the start of 2024, the average cost of monthly rent across the U.S. was $1,400. That total, from Statista, reflects the wide range of rent prices across the country, as costs in major cities can be 50% higher for a one or two-bedroom. 

If you’re in the market for an apartment, it’s useful to know what you’re looking at in terms of average pricing. This GOBankingRates data compares the overall average rent for 46 U.S. cities, breaking down the costs further for one- and two-bedroom units.

You can also check out the salary you need to make to afford to rent a one-bedroom apartment in every state.

• Population total: 8,622,467
• Household median income: $76,607
• Condo COOP average value: $6692,891
• Total cost of living monthly: $5,149
• Overall average rent: $2,238
• 1 bedroom average rent: $2,136
• 2 bedroom average rent: $2,253

Find Out: 7 Type of Homes Expected To Soar in Value by the End of 2025

• Population total: 3,881,041
• Household median income: $76,244
• Condo COOP average value: $668,681
• Total cost of living monthly: $4,426
• Overall average rent: $2,067
• 1 bedroom average rent: $1,849
• 2 bedroom average rent: $2,357

• Population total: 2,721,914
• Household median income: $71,673
• Condo COOP average value: $280,736
• Total cost of living monthly: $3,806
• Overall average rent: $1,643
• 1 bedroom average rent: $1,523
• 2 bedroom average rent: $1,658

• Population total: 2,296,253
• Household median income: $60,440
• Condo COOP average value: $156,611
• Total cost of living monthly: $3,361
• Overall average rent: $1,287
• 1 bedroom average rent: $1,136
• 2 bedroom average rent: $1,346

• Population total: 1,609,456
• Household median income: $72,092
• Condo COOP average value: $281,397
• Total cost of living monthly: $3,431
• Overall average rent: $1,360
• 1 bedroom average rent: $1,166
• 2 bedroom average rent: $1,390

• Population total: 1,593,208
• Household median income: $57,537
• Condo COOP average value: $281,086
• Total cost of living monthly: $3,698
• Overall average rent: $1,390
• 1 bedroom average rent: $1,271
• 2 bedroom average rent: $1,470

• Population total: 1,445,662
• Household median income: $59,593
• Condo COOP average value: $185,190
• Total cost of living monthly: $3,136
• Overall average rent: $1,212
• 1 bedroom average rent: $1,036
• 2 bedroom average rent: $1,276

• Population total: 1,383,987
• Household median income: $98,657
• Condo COOP average value: $681,384
• Total cost of living monthly: $4,445
• Overall average rent: $2,274
• 1 bedroom average rent: $1,938
• 2 bedroom average rent: $2,429

• Population total: 1,300,642
• Household median income: $63,985
• Condo COOP average value: $237,852
• Total cost of living monthly: $3,452
• Overall average rent: $1,354
• 1 bedroom average rent: $1,237
• 2 bedroom average rent: $,1464

• Population total: 1,001,176
• Household median income: $136,010
• Condo COOP average value: $748,158
• Total cost of living monthly: $5,117
• Overall average rent: $2,679
• 1 bedroom average rent: $2,331
• 2 bedroom average rent: $2,766

• Population total: 958,202
• Household median income: $86,556
• Condo COOP average value: $404,554
• Total cost of living monthly: $3,557
• Overall average rent: $1,501
• 1 bedroom average rent: $1,330
• 2 bedroom average rent: $1,619

• Population total: 950,203
• Household median income: $64,138
• Condo COOP average value: $204,445
• Total cost of living monthly: $3,364
• Overall average rent: $1,340
• 1 bedroom average rent: $1,127
• 2 bedroom average rent: $1,326

• Population total: 924,663
• Household median income: $72,726
• Condo COOP average value: $286,389
• Total cost of living monthly: $3,454
• Overall average rent: $1,373
• 1 bedroom average rent: $1,172
• 2 bedroom average rent: $1,353

• Population total: 902,449
• Household median income: $62,994
• Condo COOP average value: $204,843
• Total cost of living monthly: $3,167
• Overall average rent: $1,262
• 1 bedroom average rent: $1,089
• 2 bedroom average rent: $1,304

• Population total: 882,006
• Household median income: $59,110
• Condo COOP average value: $193,781
• Total cost of living monthly: $3,108
• Overall average rent: $1,219
• 1 bedroom average rent: $1,049
• 2 bedroom average rent: $1,242

• Population total: 875,045
• Household median income: $74,070
• Condo COOP average value: $305,493
• Total cost of living monthly: $3,414
• Overall average rent: $1,448
• 1 bedroom average rent: $1,317
• 2 bedroom average rent: $1,436

• Population total: 851,036
• Household median income: $136,689
• Condo COOP average value: $986,998
• Total cost of living monthly: $5,157
• Overall average rent: $2,620
• 1 bedroom average rent: $2,645
• 2 bedroom average rent: $3,135

• Population total: 734,603
• Household median income: $116,068
• Condo COOP average value: $497,137
• Total cost of living monthly: $4,107
• Overall average rent: $1,976
• 1 bedroom average rent: $1,844
• 2 bedroom average rent: $2,301

• Population total: 710,800
• Household median income: $85,853
• Condo COOP average value: $353,377
• Total cost of living monthly: $3,796
• Overall average rent: $1,737
• 1 bedroom average rent: $1,537
• 2 bedroom average rent: $1,914

• Population total: 684,103
• Household median income: $71,328
• Condo COOP average value: $367,450
• Total cost of living monthly: $3,417
• Overall average rent: $1,404
• 1 bedroom average rent: $1,258
• 2 bedroom average rent: $1,399

• Population total: 681,088
• Household median income: $64,251
• Condo COOP average value: $131,937
• Total cost of living monthly: $3,057
• Overall average rent: $1,085
• 1 bedroom average rent: $895
• 2 bedroom average rent: $1,109

• Population total: 677,181
• Household median income: $55,710
• Condo COOP average value: $170,905
• Total cost of living monthly: $2,951
• Overall average rent: $1,073
• 1 bedroom average rent: $854
• 2 bedroom average rent: $1,023

• Population total: 670,587
• Household median income: $101,722
• Condo COOP average value: $433,377
• Total cost of living monthly: $4,463
• Overall average rent: $2,121
• 1 bedroom average rent: $2,096
• 2 bedroom average rent: $2,152

• Population total: 665,945
• Household median income: $89,212
• Condo COOP average value: $719,246
• Total cost of living monthly: $4,608
• Overall average rent: $2,302
• 1 bedroom average rent: $2,213
• 2 bedroom average rent: $2,331

• Population total: 646,101
• Household median income: $85,876
• Condo COOP average value: $345,209
• Total cost of living monthly: $3,635
• Overall average rent: $1,527
• 1 bedroom average rent: $1,387
• 2 bedroom average rent: $1,644

• Population total: 644,835
• Household median income: $66,356
• Condo COOP average value: $252,481
• Total cost of living monthly: $3,564
• Overall average rent: $1,399
• 1 bedroom average rent: $1,100
• 2 bedroom average rent: $1,334

• Population total: 636,787
• Household median income: $37,761
• Condo COOP average value: $218,022
• Total cost of living monthly: $3,341
• Overall average rent: $1,050
• 1 bedroom average rent: $759
• 2 bedroom average rent: $1,017

• Population total: 630,027
• Household median income: $48,090
• Condo COOP average value: $184,980
• Total cost of living monthly: $2,995
• Overall average rent: $1,083
• 1 bedroom average rent: $905
• 2 bedroom average rent: $1,026

• Population total: 629,176
• Household median income: $63,114
• Condo COOP average value: $200,341
• Total cost of living monthly: $3,068
• Overall average rent: $1,119
• 1 bedroom average rent: $915
• 2 bedroom average rent: $1,150

• Population total: 584,548
• Household median income: $58,349
• Condo COOP average value: $209,194
• Total cost of living monthly: $3,501
• Overall average rent: $1,405
• 1 bedroom average rent: $1,189
• 2 bedroom average rent: $1,488

• Population total: 573,299
• Household median income: $49,733
• Condo COOP average value: $186,041
• Total cost of living monthly: $3,093
• Overall average rent: $1,121
• 1 bedroom average rent: $939
• 2 bedroom average rent: $1,120

• Population total: 562,551
• Household median income: $61,503
• Condo COOP average value: $235,881
• Total cost of living monthly: $2,990
• Overall average rent: $1,171
• 1 bedroom average rent: $963
• 2 bedroom average rent: $1,232

• Population total: 541,528
• Household median income: $63,001
• Condo COOP average value: $243,054
• Total cost of living monthly: $3,359
• Overall average rent: $1,326
• 1 bedroom average rent: $1,050
• 2 bedroom average rent: $1,295

• Population total: 541,033
• Household median income: $52,049
• Condo COOP average value: $217,738
• Total cost of living monthly: $2,978
• Overall average rent: $1,088
• 1 bedroom average rent: $908
• 2 bedroom average rent: $1,165

• Population total: 523,600
• Household median income: $78,954
• Condo COOP average value: $368,819
• Total cost of living monthly: $3,830
• Overall average rent: $1,643
• 1 bedroom average rent: $1,347
• 2 bedroom average rent: $1,702

• Population total: 505,958
• Household median income: $65,256
• Condo COOP average value: $213,656
• Total cost of living monthly: $3,221
• Overall average rent: $1,286
• 1 bedroom average rent: $1,115
• 2 bedroom average rent: $1,317

• Population total: 503,390
• Household median income: $73,766
• Condo COOP average value: $253,402
• Total cost of living monthly: $3,431
• Overall average rent: $1,389
• 1 bedroom average rent: $1,210
• 2 bedroom average rent: $1,361

• Population total: 494,838
• Household median income: $77,655
• Condo COOP average value: $314,719
• Total cost of living monthly: $3,670
• Overall average rent: $1,528
• 1 bedroom average rent: $1,532
• 2 bedroom average rent: $1,533

• Population total: 489,201
• Household median income: $70,202
• Condo COOP average value: $223,481
• Total cost of living monthly: $3,168
• Overall average rent: $1,193
• 1 bedroom average rent: $1,021

2 bedroom average rent: $1,248

• Population total: 479,612
• Household median income: $79,026
• Condo COOP average value: $284,118
• Total cost of living monthly: $3,336
• Overall average rent: $1,453
• 1 bedroom average rent: $1,201
• 2 bedroom average rent: $1,406

• Population total: 465,517
• Household median income: $78,631
• Condo COOP average value: $304,550
• Total cost of living monthly: $3,351
• Overall average rent: $1,429
• 1 bedroom average rent: $1,259
• 2 bedroom average rent: $1,436

• Population total: 462,293
• Household median income: $78,995
• Condo COOP average value: $504,533
• Total cost of living monthly: $4,039
• Overall average rent: $1,737
• 1 bedroom average rent: $1,552
• 2 bedroom average rent: $1,901

• Population total: 457,900
• Household median income: $87,544
• Condo COOP average value: $330,191
• Total cost of living monthly: $3,726
• Overall average rent: $1,682
• 1 bedroom average rent: $1,394
• 2 bedroom average rent: $1,576

• Population total: 443,665
• Household median income: $54,858
• Condo COOP average value: $406,393
• Total cost of living monthly: $4,186
• Overall average rent: $1,885
• 1 bedroom average rent: $1,575
• 2 bedroom average rent: $2,086

• Population total: 437,825
• Household median income: $94,389
• Condo COOP average value: $532,724
• Total cost of living monthly: $4,324
• Overall average rent: $2,021
• 1 bedroom average rent: $1,850
• 2 bedroom average rent: $2,220

• Population total: 426,877
• Household median income: $76,332
• Condo COOP average value: $259,054
• Total cost of living monthly: $3,324
• Overall average rent: $1,345
• 1 bedroom average rent: $1,214
• 2 bedroom average rent: $1,572

Methodology: For this study, GOBankingRates analyzed the average rental cost of major U.S. cities and the cost of living in those cities. First, GOBankingRates found the 100 most populated cities according to the U.S. Census American Community Survey. For each city, a number of factors were found including: total population, total households, population ages 65 and over, household median income — all sourced from the US Census American Community Survey, the cost of living indexes as sourced from Sperling’s BestPlaces, the average overall rental cost, one-bedroom rental cost, and two-bedroom rental cost — all sourced from ApartmentList, the average cost of a condo or coop as sourced from Zillow Home Value Index, and the livability index as sourced from AreaVibes. GOBankingRates used the cost of living indexes and using the national average expenditure costs for all residents as sourced from Bureau of Labor Statistics Consumer Expenditure Survey. Using the average condo/coop value, assuming a 10% down payment, and using the national average 30-year fixed mortgage rate, the average mortgage can be calculated. Using the overall rental cost and expenditure costs, the total cost of living for each city can be calculated. The cities were sorted to show the highest population places, first showcasing the average apartment costs in major U.S. Cities. All data was collected on and is up to date as of Sept. 13, 2024.