Zumper National Rent Report: July 2021

Market Report provided by Zumper

The dramatic rise in rent that’s come to define 2021 accelerated in July, with Zumper’s National Rent Index rising 7 percent year-over-year for one-bedroom apartments and a staggering 8.7 percent for two-bedroom apartments. While rent is rising in almost every corner of the country, many of the big cities that experienced the largest drops in rent over the course of the pandemic remain down considerably year-over-year, although most bottomed out earlier in 2021.