Aleksandr Belov
Author and editor of the ultramodern-hotels.com blog
Rent Prices in Major US Cities, May 2022
New York ranked first in terms of rental cost among major US cities with a population of over 1 million people. Renting one-bedroom apartments in New York has risen in price by 38% in a year. At the end of May 2022, the average cost of renting one-bedroom apartments was $3,590 per month. Among major US cities, high rental prices for one-bedroom apartments remain in San Jose ($2,480), San Diego ($2,470) and Los Angeles ($2,360).
Here's how much it costs to rent a one-bedroom apartment in 15 major US cities (May 2022)
1. New York, NY
Population = 8 804 190
Average 1 bedroom rent price = $3,590/per month
Year-Over-Year Price Change Rent (Y/Y %)
38.1%
2. Los Angeles, CA
Population = 3 898 747
Average 1 bedroom rent price = $2,360/per month
Year-Over-Year Price Change Rent (Y/Y %)
19.8%
3. Chicago, IL
Population = 2 746 388
Average 1 bedroom rent price = $1,760/per month
Year-Over-Year Price Change Rent (Y/Y %)
25.7%
4. Houston, TX
Population = 2 304 580
Average 1 bedroom rent price = $1,200/per month
Year-Over-Year Price Change Rent (Y/Y %)
15.4%
5. Phoenix, AZ
Population = 1 608 139
Average 1 bedroom rent price = $1,340/per month
Year-Over-Year Price Change Rent (Y/Y %)
24.1%
6. Philadelphia, PA
Population = 1 603 797
Average 1 bedroom rent price = $1,450/per month
Year-Over-Year Price Change Rent (Y/Y %)
15.4%
7. San Antonio, TX
Population = 1 434 625
Average 1 bedroom rent price = $1,070/per month
Year-Over-Year Price Change Rent (Y/Y %)
15.1%
8. San Diego, CA
Population = 1 386 932
Average 1 bedroom rent price = $2,470/per month
Year-Over-Year Price Change Rent (Y/Y %)
30.7%
9. Dallas, TX
Population = 1 304 379
Average 1 bedroom rent price = $1,440/per month
Year-Over-Year Price Change Rent (Y/Y %)
15.2%
10. San Jose, CA
Population = 1 013 240
Average 1 bedroom rent price = $2,480/per month
Year-Over-Year Price Change Rent (Y/Y %)
13.8%
11. Austin, TX
Population = 961 855
Average 1 bedroom rent price = $1,550/per month
Year-Over-Year Price Change Rent (Y/Y %)
31.4%
12. Jacksonville, FL
Population = 949 611
Average 1 bedroom rent price = $1,280/per month
Year-Over-Year Price Change Rent (Y/Y %)
30.6%
13. Fort Worth, TX
Population = 918 915
Average 1 bedroom rent price = $1,230/per month
Year-Over-Year Price Change Rent (Y/Y %)
20.6%
14. Columbus, OH
Population = 905 748
Average 1 bedroom rent price = $1,000/per month
Year-Over-Year Price Change Rent (Y/Y %)
11.1%
15. Indianapolis, IN
Population = 887 642
Average 1 bedroom rent price = $980/per month
Year-Over-Year Price Change Rent (Y/Y %)
6.5%
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