Rent priced at $1,000 in 1984 $3,226.02 in 2020

Rent Inflation Calculator

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Prices for Rent, 1984-2020 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence were 222.60% higher in 2020 versus 1984 (a $2,226.02 difference in value).

Between 1984 and 2020: Rent experienced an average inflation rate of 3.31% per year. This rate of change indicates significant inflation. In other words, rent costing $1,000 in the year 1984 would cost $3,226.02 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for rent was higher.

Price Inflation for Rent of primary residence since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1985 (6.14%), 1986 (5.82%), and 2001 (4.46%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rent of primary residence:

Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CPI 105.300 111.767 118.267 123.133 127.833 132.800 138.433 143.333 146.900 150.333 154.000 157.767 161.967 166.700 172.067 177.500 183.900 192.100 199.700 205.533 211.033 217.333 225.100 234.679 243.271 248.812 249.385 253.638 260.367 267.725 276.162 286.032 296.820 308.143 319.289 331.124 339.700

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Buying power of $1000 since 1984

Below are calculations of equivalent buying power for Rent, over time, for $1000 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1984 $1,000.00 -
1985 $1,061.41 6.14%
1986 $1,123.14 5.82%
1987 $1,169.36 4.11%
1988 $1,213.99 3.82%
1989 $1,261.16 3.89%
1990 $1,314.66 4.24%
1991 $1,361.19 3.54%
1992 $1,395.06 2.49%
1993 $1,427.67 2.34%
1994 $1,462.49 2.44%
1995 $1,498.26 2.45%
1996 $1,538.14 2.66%
1997 $1,583.10 2.92%
1998 $1,634.06 3.22%
1999 $1,685.66 3.16%
2000 $1,746.44 3.61%
2001 $1,824.31 4.46%
2002 $1,896.49 3.96%
2003 $1,951.88 2.92%
2004 $2,004.12 2.68%
2005 $2,063.94 2.99%
2006 $2,137.70 3.57%
2007 $2,228.67 4.26%
2008 $2,310.27 3.66%
2009 $2,362.88 2.28%
2010 $2,368.33 0.23%
2011 $2,408.72 1.71%
2012 $2,472.62 2.65%
2013 $2,542.49 2.83%
2014 $2,622.62 3.15%
2015 $2,716.35 3.57%
2016 $2,818.81 3.77%
2017 $2,926.33 3.81%
2018 $3,032.18 3.62%
2019 $3,144.58 3.71%
2020 $3,226.02 2.59%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for rent, 1984-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1984 * 1984 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Rent of primary residence was 105.300 in the year 1984 and 339.700 in 2020:

339.700 / 105.300 * $1,000 = $3,226.02

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1984 has the same "purchasing power" as $3,226.02 in 2020 (in the CPI category of Rent of primary residence).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rent of primary residence in 1984. In addition to rent, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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