National Median Rent Unchanged in First Half of 2017 – NMP Skip to main content

National Median Rent Unchanged in First Half of 2017

Jul 12, 2017
The national median rent fluctuated during the first half of this year, but it ended up exactly where it began: $1,016 for a one-bedroom, according to new data from ABODO

The national median rent fluctuated during the first half of this year, but it ended up exactly where it began: $1,016 for a one-bedroom, according to new data from ABODO.
 
Twenty-six states and the District of Columbia saw rental increases in the first six months of 2017, with the largest average percent changes recorded in South Carolina (7.3 percent), Maine (7.3 percent), Vermont (7.2 percent), and Rhode Island (seven percent). Thirty-one states saw average changes in rent price of 1.3 percent or lower. Utah had the greatest average rent decrease with a 4.4 percent drop, followed by Oklahoma with a 3.3 percent decline.
 
The District of Columbia had the highest average rent from January to July, with one-bedroom units going for $2,138 per month. In comparison, South Dakota’s $525 average rent for a one-bedroom unit was the nation’s least expensive.
 
Among the leading metro markets, eight of the top 10 cities for rental hikes were in the South or Southwest. New Orleans had the greatest average monthly change with a 6.3 percent spike in the first half of the year and an average rent of $1,167. In comparison, Fort Wayne saw the largest rent shrinkage, with an average drop of 4.9 percent per month and an average rent of $562. 
The national median rent fluctuated during the first half of this year

 
About the author
Published
Jul 12, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026