Rentals.com Company Blog

Rental Industry News

By Jennifer

Looking to relocate? First-time renter with a budget? Wondering what rate to list your property for in a certain area?

Rentals.com has gathered the average property rental asking rates listed from our site for rental house, condo and townhome listings in the country’s top 10 DMAs (Designated Market Areas). Rates are from June 10, 2008 through June 10, 2009.

Average Property Rental Asking Rates in Top 10 DMAs in U.S. Households as of June 10, 2009:

1. New York – The average property rental asking rate in 2009 is $1,973.
2. Los Angeles – The average property rental asking rate in 2009 is $1,526, increasing 3 percent when compared to last year’s average property rental asking rate of $1,479.
3. Chicago – The average property rental asking rate in 2009 is $1,526, decreasing 11percent when compared to last year’s average property rental asking rate of $1,723.
4. Philadelphia – The average property rental rate in 2009 is $1,361, increasing 6 percent when compared to last year’s average property rental asking rate of $1,286.
5. San Francisco – The average property rental asking rate in 2009 is $1,813.
6. Boston – The average property rental asking rate in 2009 is $1,716, increasing 8 percent when compared to last year’s average property rental asking rate of $1,587.
7. Dallas-Ft. Worth – The average property rental asking rate in 2009 is $1,422, up 1 percent when compared to last year’s average property rental asking rate of $1,411.
8. Washington, D.C. – The average property rental asking rate in 2009 is $1,848, decreasing 28 percent when compared to last year’s average property rental asking rate of $2,593.
9. Atlanta – The average property rental asking rate in 2009 is $1,179, decreasing 20 percent when compared to last year’s 2008 average property rental asking rate of $1,472.50.
10. Houston – The average property rental asking rate in 2009 is $1,994, decreasing 21 percent when compared to last year’s average property rental asking rate of $2,526.

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