Zumper’s latest National Rent Report, based on data from over one million listings across 100 U.S. cities, highlights critical shifts in rental markets. The National Rent Index shows that median one-bedroom rents remained steady at $1,534 in November, while two-bedroom rents dipped 0.4% to $1,902, marking a seasonal slowdown during low-demand months.
Rents in key swing states for the 2024 presidential election outpaced national growth, heightening financial pressures on households. Rising costs could intensify voter dissatisfaction with current policies.
In California, San Francisco rents fell 2.9% to $3,020, continuing a downward trend. Nearby cities, including San Jose ($2,630) and Oakland ($2,000), saw rents remain flat, while Sacramento rents slipped 0.7% to $1,500. Fresno experienced the largest drop, with rents down 4.7% to $1,410.
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