Since 2009, rent prices have increased 67%, outpacing the rise in cost of most goods: Percent change of the Consumer Price Index (CPI) for rent of primary residence and for all urban consumers in the U.S. city average
| Year | CPI for All Urban Consumers | CPI for Rent of Primary Residence |
|---|---|---|
| Jan-2009 | 0% | 0% |
| Feb-2009 | 0% | 0% |
| Mar-2009 | 0% | 0% |
| Apr-2009 | 0% | 0% |
| May-2009 | 1% | 0% |
| Jun-2009 | 1% | 0% |
| Jul-2009 | 1% | 0% |
| Aug-2009 | 2% | 0% |
| Sep-2009 | 2% | 0% |
| Oct-2009 | 2% | 0% |
| Nov-2009 | 3% | 0% |
| Dec-2009 | 3% | 0% |
| Jan-2010 | 3% | 0% |
| Feb-2010 | 3% | 0% |
| Mar-2010 | 3% | 0% |
| Apr-2010 | 3% | 0% |
| May-2010 | 3% | 0% |
| Jun-2010 | 2% | 0% |
| Jul-2010 | 3% | 0% |
| Aug-2010 | 3% | 0% |
| Sep-2010 | 3% | 1% |
| Oct-2010 | 3% | 1% |
| Nov-2010 | 4% | 1% |
| Dec-2010 | 4% | 1% |
| Jan-2011 | 4% | 1% |
| Feb-2011 | 5% | 2% |
| Mar-2011 | 5% | 2% |
| Apr-2011 | 6% | 2% |
| May-2011 | 6% | 2% |
| Jun-2011 | 6% | 2% |
| Jul-2011 | 6% | 2% |
| Aug-2011 | 7% | 2% |
| Sep-2011 | 7% | 3% |
| Oct-2011 | 7% | 3% |
| Nov-2011 | 7% | 3% |
| Dec-2011 | 7% | 4% |
| Jan-2012 | 8% | 4% |
| Feb-2012 | 8% | 4% |
| Mar-2012 | 8% | 4% |
| Apr-2012 | 8% | 4% |
| May-2012 | 8% | 5% |
| Jun-2012 | 8% | 5% |
| Jul-2012 | 8% | 5% |
| Aug-2012 | 8% | 5% |
| Sep-2012 | 9% | 5% |
| Oct-2012 | 9% | 6% |
| Nov-2012 | 9% | 6% |
| Dec-2012 | 9% | 7% |
| Jan-2013 | 9% | 7% |
| Feb-2013 | 10% | 7% |
| Mar-2013 | 10% | 7% |
| Apr-2013 | 9% | 7% |
| May-2013 | 9% | 7% |
| Jun-2013 | 10% | 8% |
| Jul-2013 | 10% | 8% |
| Aug-2013 | 10% | 8% |
| Sep-2013 | 10% | 9% |
| Oct-2013 | 10% | 9% |
| Nov-2013 | 10% | 9% |
| Dec-2013 | 11% | 10% |
| Jan-2014 | 11% | 10% |
| Feb-2014 | 11% | 10% |
| Mar-2014 | 11% | 10% |
| Apr-2014 | 12% | 11% |
| May-2014 | 12% | 11% |
| Jun-2014 | 12% | 11% |
| Jul-2014 | 12% | 11% |
| Aug-2014 | 12% | 12% |
| Sep-2014 | 12% | 12% |
| Oct-2014 | 12% | 13% |
| Nov-2014 | 12% | 13% |
| Dec-2014 | 11% | 13% |
| Jan-2015 | 11% | 14% |
| Feb-2015 | 11% | 14% |
| Mar-2015 | 11% | 14% |
| Apr-2015 | 11% | 14% |
| May-2015 | 12% | 15% |
| Jun-2015 | 12% | 15% |
| Jul-2015 | 12% | 15% |
| Aug-2015 | 12% | 16% |
| Sep-2015 | 12% | 16% |
| Oct-2015 | 12% | 17% |
| Nov-2015 | 12% | 17% |
| Dec-2015 | 12% | 17% |
| Jan-2016 | 12% | 18% |
| Feb-2016 | 12% | 18% |
| Mar-2016 | 12% | 18% |
| Apr-2016 | 13% | 19% |
| May-2016 | 13% | 19% |
| Jun-2016 | 13% | 19% |
| Jul-2016 | 13% | 20% |
| Aug-2016 | 14% | 20% |
| Sep-2016 | 14% | 21% |
| Oct-2016 | 14% | 21% |
| Nov-2016 | 14% | 22% |
| Dec-2016 | 14% | 22% |
| Jan-2017 | 15% | 22% |
| Feb-2017 | 15% | 23% |
| Mar-2017 | 15% | 23% |
| Apr-2017 | 15% | 23% |
| May-2017 | 15% | 24% |
| Jun-2017 | 15% | 24% |
| Jul-2017 | 15% | 24% |
| Aug-2017 | 16% | 25% |
| Sep-2017 | 16% | 25% |
| Oct-2017 | 16% | 26% |
| Nov-2017 | 17% | 26% |
| Dec-2017 | 17% | 27% |
| Jan-2018 | 17% | 27% |
| Feb-2018 | 18% | 27% |
| Mar-2018 | 18% | 27% |
| Apr-2018 | 18% | 28% |
| May-2018 | 18% | 28% |
| Jun-2018 | 18% | 28% |
| Jul-2018 | 19% | 29% |
| Aug-2018 | 19% | 29% |
| Sep-2018 | 19% | 30% |
| Oct-2018 | 19% | 30% |
| Nov-2018 | 19% | 31% |
| Dec-2018 | 19% | 31% |
| Jan-2019 | 19% | 31% |
| Feb-2019 | 20% | 32% |
| Mar-2019 | 20% | 32% |
| Apr-2019 | 20% | 33% |
| May-2019 | 20% | 33% |
| Jun-2019 | 20% | 33% |
| Jul-2019 | 21% | 34% |
| Aug-2019 | 21% | 34% |
| Sep-2019 | 21% | 35% |
| Oct-2019 | 21% | 35% |
| Nov-2019 | 22% | 35% |
| Dec-2019 | 22% | 36% |
| Jan-2020 | 22% | 36% |
| Feb-2020 | 22% | 37% |
| Mar-2020 | 22% | 37% |
| Apr-2020 | 21% | 37% |
| May-2020 | 21% | 37% |
| Jun-2020 | 21% | 38% |
| Jul-2020 | 22% | 38% |
| Aug-2020 | 22% | 38% |
| Sep-2020 | 23% | 38% |
| Oct-2020 | 23% | 39% |
| Nov-2020 | 23% | 39% |
| Dec-2020 | 24% | 39% |
| Jan-2021 | 24% | 39% |
| Feb-2021 | 24% | 39% |
| Mar-2021 | 25% | 39% |
| Apr-2021 | 26% | 40% |
| May-2021 | 27% | 40% |
| Jun-2021 | 28% | 40% |
| Jul-2021 | 28% | 41% |
| Aug-2021 | 29% | 41% |
| Sep-2021 | 29% | 42% |
| Oct-2021 | 30% | 42% |
| Nov-2021 | 32% | 43% |
| Dec-2021 | 32% | 44% |
| Jan-2022 | 33% | 44% |
| Feb-2022 | 34% | 45% |
| Mar-2022 | 36% | 46% |
| Apr-2022 | 36% | 46% |
| May-2022 | 37% | 47% |
| Jun-2022 | 39% | 48% |
| Jul-2022 | 39% | 49% |
| Aug-2022 | 39% | 51% |
| Sep-2022 | 40% | 52% |
| Oct-2022 | 41% | 53% |
| Nov-2022 | 41% | 54% |
| Dec-2022 | 41% | 56% |
| Jan-2023 | 42% | 57% |
| Feb-2023 | 42% | 58% |
| Mar-2023 | 42% | 58% |
| Apr-2023 | 43% | 59% |
| May-2023 | 43% | 60% |
| Jun-2023 | 43% | 61% |
| Jul-2023 | 44% | 61% |
| Aug-2023 | 44% | 62% |
| Sep-2023 | 45% | 63% |
| Oct-2023 | 45% | 64% |
| Nov-2023 | 45% | 65% |
| Dec-2023 | 46% | 66% |
| Jan-2024 | 46% | 66% |
| Feb-2024 | 47% | 67% |
| Mar-2024 | 47% | 67% |
Source: U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average [CUSR0000SEHA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CUSR0000SEHA, April 10, 2024. U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCSL, April 23, 2024.