benedek / Getty Images/iStockphoto 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.
Trending Now: 20 Best Cities Where You Can Buy a House for Under $100K
Check Out: How To Get Rich in Real Estate Starting With Just $1,000
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 .
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New York 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 s of Homes Expected To Soar in Value by the End of 2025
Be Aware: 10 Dangerous Cities You Shouldn’t Buy a Home in No Matter the Price
Money mistakes the super wealthy never make - that you might be doing now.
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Los Angeles 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 For You: America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000
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Chicago 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 Art Wager / Getty Images Houston 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
LordRunar / Getty Images/iStockphoto Phoenix 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 Sean Pavone / Getty Images/iStockphoto
Philadelphia 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 Explore More: Housing Market 2024 — Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets
©Shutterstock.com San Antonio 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 Art Wager / Getty Images San Diego 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 benedek / Getty Images Dallas 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 DenisTangneyJr / Getty Images/iStockphoto San Jose, California 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 Read Next: 7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents
Davel5957 / Getty Images Austin, Texas 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 Davel5957 / Getty Images/iStockphoto Jacksonville, Florida 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 typhoonski / iStock.com Fort Worth, Texas 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 traveler1116 / Getty Images/iStockphoto Columbus, Ohio 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 Consider This: 5 Types of Homes Expected To Plummet in Value by the End of 2025
Ultima_Gaina / Getty Images/iStockphoto Indianapolis 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 Kruck20 / Getty Images/iStockphoto Charlotte, North Carolina 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 Ron and Patty Thomas / Getty Images/iStockphoto San Francisco 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 benedek / iStock.com Seattle 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 Read More: In Less Than a Year, You’ll Regret Not Having Bought Property in These 20 Housing Markets
Sean Pavone / Getty Images/iStockphoto Denver 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 Sean Pavone / Getty Images/iStockphoto Nashville 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 Sean Pavone / Shutterstock.com Oklahoma City 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 Ed Schipul / Flickr.com El Paso, Texas 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 Try This: 5 Types of Homes That Will Plummet in Value in 2024
Bill Chizek / Getty Images/iStockphoto Washington 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 SeanPavonePhoto / Getty Images Boston 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 ©Shutterstock.com Portland, Oregon 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 georgeclerk / Getty Images Las Vegas 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 Be Aware: 10 Worst Cities To Buy Property in the Next 5 Years, According to Real Estate Agents
DenisTangneyJr / Getty Images Detroit 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 Sean Pavone / Getty Images/iStockphoto Mempis, Tennessee 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 Roberto Galan / Getty Images Louisville, Kentucky 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 sborisov / Getty Images/iStockphoto Baltimore 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 Trending Now: 3 Best States To Buy Property in the Next 5 Years, According to Experts
f11photo / Getty Images/iStockphoto Milwaukee 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 Sean Pavone / Getty Images/iStockphoto Albuquerque, New Mexico 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 Spondylolithesis / Getty Images Fresno, California 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 DenisTangneyJr / Getty Images/iStockphoto Tucson, Arizona 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 Find Out: 5 Worst Florida Cities To Buy Property in the Next 5 Years, According to Real Estate Agents
jmoor17 / Getty Images Sacramento, California 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 TriggerPhoto / Getty Images/iStockphoto Kansas City, Missouri 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 DenisTangneyJr / Getty Images Mesa, Arizona 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 Learn More: 8 Rare Coins Worth Millions That Are Highly Coveted by Coin Collectors
Nate Hovee / Getty Images/iStockphoto Atlanta 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 Read Next: 8 Places Where Houses Are Suddenly Major Bargains
benkrut / Getty Images/iStockphoto Omaha, Nebraska 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
AndreyKrav / Getty Images/iStockphoto Colorado Springs, Colorado 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 Kruck20 / Getty Images/iStockphoto Raleigh, North Carolina 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 Ron and Patty Thomas / Getty Images/iStockphoto Long Beach, California 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 Explore More: The Minimum Salary You Need To Buy a Home in 2024 in All 50 States
myhrcat / Getty Images/iStockphoto Virginia Beach, Virginia 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 Wirestock / iStock.com Miami, Florida 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 yhelfman / Getty Images/iStockphoto Oakland, California 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 Checubus / Shutterstock.com Minneapolis 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.
This article originally appeared on GOBankingRates.com : Here’s What an Average Apartment Costs in 46 US Cities
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