Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record
Redfin reports a historic low in affordable rentals, with only 32.1% of renter households paying under $1,000 monthly, down from 35.2% in 2022 and 50.4% in 2012. The majority (47.9%) pay between $1,000-$1,999, while 14.4% pay $2,000-$2,999. Currently, just 7.5% of available apartments are listed under $1,000, with most (63.7%) priced between $1,000-$1,999. Oklahoma City leads with 64.3% of renters paying under $1,000, while San Diego has the lowest at 7.1%. The median apartment asking rent is $1,634, approximately 20% higher than pre-pandemic levels.
Redfin riporta un livello storico minimo di affitti accessibili, con solo il 32,1% delle famiglie in affitto che pagano meno di $1.000 al mese, in calo rispetto al 35,2% nel 2022 e al 50,4% nel 2012. La maggior parte (47,9%) paga tra $1.000 e $1.999, mentre il 14,4% paga tra $2.000 e $2.999. Attualmente, solo il 7,5% degli appartamenti disponibili è elencato a meno di $1.000, con la maggior parte (63,7%) a un prezzo compreso tra $1.000 e $1.999. Oklahoma City è in testa con il 64,3% degli affittuari che pagano meno di $1.000, mentre San Diego ha il valore più basso con il 7,1%. L'affitto medio richiesto per un appartamento è di $1.634, circa il 20% più alto rispetto ai livelli pre-pandemia.
Redfin informa sobre un mínimo histórico en alquileres asequibles, con solo el 32.1% de los hogares inquilinos pagando menos de $1,000 al mes, una disminución del 35.2% en 2022 y del 50.4% en 2012. La mayoría (47.9%) paga entre $1,000 y $1,999, mientras que el 14.4% paga entre $2,000 y $2,999. Actualmente, solo el 7.5% de los apartamentos disponibles están listados por menos de $1,000, siendo la mayoría (63.7%) valorada entre $1,000 y $1,999. Oklahoma City lidera con el 64.3% de los inquilinos pagando menos de $1,000, mientras que San Diego tiene el porcentaje más bajo en 7.1%. El alquiler medio solicitado para un apartamento es de $1,634, aproximadamente un 20% más alto que los niveles anteriores a la pandemia.
Redfin은 저렴한 임대 주택이 역사적 최저 수준에 도달했다고 보고하며, 현재 월세가 $1,000 이하인 세입자 가구는 32.1%로, 이는 2022년 35.2% 및 2012년 50.4%에서 감소한 수치입니다. 대부분(47.9%)은 $1,000에서 $1,999 사이를 지불하며, 14.4%는 $2,000에서 $2,999를 지불합니다. 현재 이용 가능한 아파트의 7.5%만이 $1,000 이하로 나와 있으며, 나머지 대부분(63.7%)은 $1,000에서 $1,999 사이의 가격입니다. 오클라호마 시티는 64.3%의 세입자가 $1,000 이하를 지불하여 선두를 차지하고 있으며, 샌디에고는 7.1%로 가장 낮습니다. 평균 아파트 요청 임대료는 $1,634로, 팬데믹 이전 수준보다 약 20% 높은 수치입니다.
Redfin rapporte un niveau historiquement bas des loyers abordables, avec seulement 32,1 % des ménages locataires payant moins de 1 000 $ par mois, en baisse par rapport à 35,2 % en 2022 et 50,4 % en 2012. La majorité (47,9 %) paie entre 1 000 $ et 1 999 $, tandis que 14,4 % paient entre 2 000 $ et 2 999 $. Actuellement, seulement 7,5 % des appartements disponibles sont listés à moins de 1 000 $, la plupart étant (63,7 %) situés entre 1 000 $ et 1 999 $. Oklahoma City est en tête avec 64,3 % des locataires payant moins de 1 000 $, tandis que San Diego a le taux le plus bas à 7,1 %. Le loyer médian demandé pour un appartement est de 1 634 $, environ 20 % plus élevé qu'avant la pandémie.
Redfin berichtet von einem historischen Tiefstand bei den erschwinglichen Mietwohnungen. Nur 32,1% der Miethaushalte zahlen monatlich weniger als $1.000, ein Rückgang von 35,2% im Jahr 2022 und 50,4% im Jahr 2012. Die Mehrheit (47,9%) zahlt zwischen $1.000 und $1.999, während 14,4% zwischen $2.000 und $2.999 zahlen. Derzeit sind nur 7,5% der verfügbaren Wohnungen unter $1.000 gelistet, der Großteil (63,7%) liegt im Preisbereich von $1.000 bis $1.999. Oklahoma City führt mit 64,3% der Mieter, die weniger als $1.000 zahlen, während San Diego mit 7,1% den niedrigsten Wert hat. Die geforderte durchschnittliche Miete für ein Apartment liegt bei $1.634, was etwa 20% über dem Niveau vor der Pandemie liegt.
- None.
- Share of affordable rentals (under $1,000) hit historic low at 32.1%, down from 50.4% in 2012
- Only 7.5% of current apartment listings are priced under $1,000
- Median apartment asking rent ($1,634) remains 20% above pre-pandemic levels
Insights
This rental market analysis reveals significant shifts in housing affordability. The decline in sub-
The geographic disparity is particularly notable - while cities like Oklahoma City and New Orleans maintain over
The tenant retention data provides important market insights. The
The
The lion’s share (
Redfin’s report is based on an analysis of
Rents skyrocketed during the pandemic moving frenzy and then stabilized near their record high, which is why the share of rental listings under
“Rising rents have made it increasingly difficult for people to find housing in America,” said Redfin Senior Economist Sheharyar Bokhari. “Low-income workers, college students, immigrants and people on the fringes of homelessness have had to come up with new ways to be resourceful, with some taking on multiple roommates and others receiving financial support from family or friends.”
Less Than
While about one of every three renter households pays less than
Roughly one of every thirteen (
Some renters who pay less than
Two of every five (
Renters in
Nearly two-thirds (
The aforementioned metro areas have among the lowest asking rents in the country, but it’s worth noting that some have seen large increases lately—likely because those low rents have fueled an uptick in demand. The median asking rent in
Renters in California Are Least Likely to Pay Under
In
There Are Four Metros Where Renters Are More Likely Than They Were Before the Pandemic to Pay Under
In
On the other end of the spectrum is
Many of those metros, such as
To view the full report, including charts, additional metro-level data, and full methodology, please visit:
https://www.redfin.com/news/apartments-for-rent-under-1000
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241030875714/en/
Contact Redfin
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
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