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Rent Inflation Continues to Grow Nationwide: Dwellsy Data Shows Rent Up 31% vs. 2021 to a New Record High

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In July, the nationwide median asking rent was $2,100/mo, which is 31% greater than July 2021 and 3% greater than June 2022

Press Release


Aug 4, 2022 05:00 PDT

Rent continued its march upward in July 2022, increasing another $55/mo on a national basis, to $2,100 nationwide. 

Here are the core stats:

  • $2,100/mo: Median asking rent in July 2022
  • 2.7%: The growth in rent vs. June 2022 ($2,045)
  • 31.3%: The growth in rent vs. July 2021 ($1,600)

“Rent began climbing in dramatic fashion toward the end of 2021, and the increases have been relentless throughout 2022,” said Jonas Bordo, Dwellsy’s CEO and co-founder. “Asking rents across the country…

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