The Average Monthly Rent updated September 2024 increased by 138% since 2000. The largest increases occurred under Biden from 2021 to 2024. In 2011, rental costs collapsed due to the Great Recession that occurred in 2009 as renters moved back to live with their parents.
Year Mo Rent % Inc
2024 1521 5.07%
Biden
2023 1448 7.95%
2022 1341 6.03%
2021 1265 6.76%
2020 1185 3.12%
Trump
2019 1149 3.62%
2018 1109 3.81%
2017 1068 3.77%
2016 1029 3.57%
Obama
2015 994 3.15%
2014 963 2.83%
2013 937 2.65%
2012 913 1.71%
2011 897 0.23%
2010 895 2.28%
2009 875 3.66%
2008 845 4.26%
Bush 2
2007 810 3.57%
2006 782 2.99%
2005 759 2.68%
2004 740 2.93%
2003 719 3.93%
2002 691 4.45%
2001 662 3.63%
2000 639 3.14%
https://ipropertymanagement.com/research/average-rent-by-year
Comments
Rental Costs reflect overall inflation, normal deterioration, failure to maintain apartments, eviction costs, clean-up costs, fire damage and other damage that occurs from renter abuse. Renters have their own complaints about apartment maintenance. They also don’t know how to eradicate bugs, roaches, mice and rats and prevent pest infiltration.
Norb
Leahy, Dunwoody GA Tea Party Leader
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