News

Here’s How Much You Need To Make to Rent a One-Bedroom Apartment in the 15 Largest States in the US

Rents In The U.S. Fall For Third Month In A Row
(Photo : Photo by Joe Raedle/Getty Images) An 'Apartments for Rent' sign hangs in front of a building on December 06, 2022 in Miami Beach, Florida. Reports indicate that apartment rents across the country dropped in November by the most in at least five years. National index of rents fell by 1%, the third straight month-over-month decline.

Rent prices vary from state to state, with individuals paying as little as $670 in some areas and as much as $1,800 in others. 

The average one-bedroom apartment in the United States now rents for $1,217, per AOL. To comfortably rent a median one-bedroom apartment, an individual would need to earn an annual salary of $48,680. "Comfortable" is defined as spending no more than 30% of an individual's gross income on housing costs. 

Rent prices are not the same. The median price can increase or decrease depending on the state, region, or place---with homes in the middle of the country typically being cheaper than those on the coasts. 

GoBankingRates released a list of one-bedroom rates across the U.S. The outlet used ApartmentList's April 2024 rent data to find the average cost of a one-bedroom apartment in every state. All data was collected and up to date as of April 30, 2024. 

Here's how much you need to earn annually to comfortably afford a one-bedroom apartment in the 10 largest states in the country. 

Texas

Average one-bedroom monthly rent: $1,144

Minimum salary needed to comfortably afford the rent: $45,740

California

Average one-bedroom monthly rent: $1,848

Minimum salary needed to comfortably afford the rent: $73,900

Montana

Average one-bedroom monthly rent: $837

Minimum salary needed to comfortably afford the rent: $33,490

New Mexico

Average one-bedroom monthly rent: $880

Minimum salary needed to comfortably afford the rent: $35,200

Arizona

Average one-bedroom monthly rent: $1,152

Minimum salary needed to comfortably afford the rent: $46,090

Nevada

Average one-bedroom monthly rent: $1,160

Minimum salary needed to comfortably afford the rent: $46,400

Colorado

Average one-bedroom monthly rent: $1,446

Minimum salary needed to comfortably afford the rent: $57,840

Wyoming

Average one-bedroom monthly rent: $786

Minimum salary needed to comfortably afford the rent: $31,420

Oregon

Average one-bedroom monthly rent: $1,227

Minimum salary needed to comfortably afford the rent: $49,090

Idaho

Average one-bedroom monthly rent: $815

Minimum salary needed to comfortably afford the rent: $32,600

Utah

Average one-bedroom monthly rent: $1,111

Minimum salary needed to comfortably afford the rent: $44,430

Kansas

Average one-bedroom monthly rent: $856

Minimum salary needed to comfortably afford the rent: $34,220

Minnesota

Average one-bedroom monthly rent: $1,143

Minimum salary needed to comfortably afford the rent: $45,720

Nebraska

Average one-bedroom monthly rent: $953

Minimum salary needed to comfortably afford the rent: $38,130

South Dakota

Average one-bedroom monthly rent: $711

Minimum salary needed to comfortably afford the rent: $28,420

READ NEXT: Here's How Much You Need To Make to Comfortably Rent in the 15 Most Expensive Metro Areas in the US


Join the Discussion
Real Time Analytics