Zumper National Rent Report: August 2021

Market Report provided by Zumper

After 18 months of disruption caused by the COVID-19 pandemic, New York has passed San Francisco as the most expensive market in the country with a median one-bedroom rent of $2,810. San Francisco’s median is $2,800. Rent growth across the nation continues to accelerate at an alarming rate. Zumper’s national rent index shows median one-bedroom rent up 9.2 percent since the second quarter of 2020, while two-bedrooms are up even more at 11 percent.