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Redfin Rental Market Data

Redfin’s rental market data tracks median asking rent nationally and for 33 metros. This data will be updated monthly on the second Monday of the month with the previous month’s data. If you have any questions, please contact econdata@redfin.com.

Methodology

Median asking rent figures in this report cover newly listed units in apartment buildings with five or more units. The median is calculated based on a rolling three-month period, i.e., the median asking rent for June 2024 covers rentals that were listed on Rent.com and Redfin.com during the three months ending June 30, 2024.

Metro-level data in this report covers 33 of the 50 most populous U.S. core-based statistical areas (CBSAs)—those for which Rent. and Redfin have sufficient rental data. The national figures are based on data for the entire U.S. 

Asking rents reflect the current costs of new leases during each time period. In other words, the amount shown as the median asking rent is not the median of what all renters are paying, but the median asking price of apartments that were available for new renters during the report period.

Guidelines for Using this Data

You are welcome to use this data for your own purposes, we just ask that you cite the source. Please include proper citation and link to Redfin for the first reference on a page, post, or article.

For example:

  • According to Redfin, a national real estate brokerage, …
  • Data provided by Redfin, a national real estate brokerage.

Thank you and please contact press@redfin.com if you have any questions regarding the use of our data or if you would like to speak to one of our housing market experts.

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