Asking-rent data cover newly listed units in apartment buildings with 25 or more units. The median is calculated based on rolling three-month periods, i.e., the median asking rent for July 2025 covers rentals that were listed on Redfin.com during the three months ending July 31, 2025. Rental records date back to 2019.
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.
In February 2025, Redfin and Zillow announced a partnership making Zillow the exclusive provider of multifamily rental listings (properties with 25 or more units) on Redfin.
Metro-level data cover 43 of the 50 most populous U.S. core-based statistical areas (CBSAs)—those with sufficient rental data. National figures are based on data for the entire U.S.
