The average monthly apartment rent for the United States fell again in February, according to the latest rent report from Zumper. But Zumper also said that the pace of rent declines slowed for the second straight month, suggesting that the downward pressure on U.S. apartment rents might be slowing.
In its February rent report, Zumper said that the median one-bedroom apartment rent in the United States fell 1.7% on a year-over-year basis to $1,499.
The median two-bedroom apartment rent dropped 1.4% when compared to the same month a year ago, falling to $1,878.
The highest median rent for a one-bedroom apartment? In little surprise, Zumper said that in February this honor went to New York City, where the median one-bedroom rent hit $4,250. San Francisco came in second, with a median monthly rent of $3,630. No Texas or Midwest cities ranked in the top 10 for median one-bedroom rents in February.
In the Midwest, Chicago’s median monthly one-bedroom apartment rent stood at $2,010 in February, up 1% from a year ago. Its median two-bedroom apartment rent was $2,410, down 3.6% from a year earlier. In Madison, the median one-bedroom apartment rent was $1,510, down 2.6% on a year-over-year basis, and $1,900 for a two-bedroom unit, a yearly dip of 4.5%.
The median one-bedroom apartment rent in Minneapolis hit $1,330 in February, an increase of 3.10% from a year ago, while the median two-bedroom rent was $1,750. That figure was the same a year ago.
Detroit’s median one-bedroom apartment rent was a low $930, down a significant 13.10% on a year-over-year basis. Its median two-bedroom rent of $1,140 was also down, this time 2.6% from February of 2025.
