According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence are 1,512.03% higher in 2024 versus 1932 (a $15,120.33 difference in value).
Between 1932 and 2024: Rent experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, rent costing $1,000 in the year 1932 would cost $16,120.33 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.46% during this same period, inflation for rent was lower.
In the year 1932: Pricing changed by -11.38%, which is significantly below the average yearly change for rent during the 1932-2024 time period. Compared to inflation for all items in 1932 (-10.27%), inflation for rent was lower.
Below are calculations of equivalent buying power for Rent, over time, for $1,000 beginning in 1932. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1932 | $1,000.00 | -11.38% |
| 1933 | $865.21 | -13.48% |
| 1934 | $821.57 | -5.04% |
| 1935 | $824.13 | 0.31% |
| 1936 | $843.39 | 2.34% |
| 1937 | $884.98 | 4.93% |
| 1938 | $911.94 | 3.05% |
| 1939 | $912.71 | 0.08% |
| 1940 | $914.91 | 0.24% |
| 1941 | $930.19 | 1.67% |
| 1942 | $950.92 | 2.23% |
| 1943 | $950.92 | 0.00% ** |
| 1944 | $952.97 | 0.22% |
| 1945 | $955.84 | 0.30% |
| 1946 | $962.00 | 0.64% |
| 1947 | $993.29 | 3.25% |
| 1948 | $1,059.05 | 6.62% |
| 1949 | $1,104.97 | 4.34% |
| 1950 | $1,145.85 | 3.70% |
| 1951 | $1,190.88 | 3.93% |
| 1952 | $1,240.64 | 4.18% |
| 1953 | $1,305.82 | 5.25% |
| 1954 | $1,352.33 | 3.56% |
| 1955 | $1,371.28 | 1.40% |
| 1956 | $1,396.46 | 1.84% |
| 1957 | $1,423.42 | 1.93% |
| 1958 | $1,449.49 | 1.83% |
| 1959 | $1,470.23 | 1.43% |
| 1960 | $1,491.85 | 1.47% |
| 1961 | $1,510.81 | 1.27% |
| 1962 | $1,529.48 | 1.24% |
| 1963 | $1,544.88 | 1.01% |
| 1964 | $1,560.88 | 1.04% |
| 1965 | $1,576.28 | 0.99% |
| 1966 | $1,597.91 | 1.37% |
| 1967 | $1,626.64 | 1.80% |
| 1968 | $1,665.75 | 2.40% |
| 1969 | $1,719.66 | 3.24% |
| 1970 | $1,790.76 | 4.13% |
| 1971 | $1,873.70 | 4.63% |
| 1972 | $1,938.28 | 3.45% |
| 1973 | $2,022.71 | 4.36% |
| 1974 | $2,124.02 | 5.01% |
| 1975 | $2,233.63 | 5.16% |
| 1976 | $2,354.50 | 5.41% |
| 1977 | $2,496.10 | 6.01% |
| 1978 | $2,667.92 | 6.88% |
| 1979 | $2,862.84 | 7.31% |
| 1980 | $3,116.13 | 8.85% |
| 1981 | $3,386.59 | 8.68% |
| 1982 | $3,644.02 | 7.60% |
| 1983 | $3,854.65 | 5.78% |
| 1984 | $4,054.90 | 5.20% |
| 1985 | $4,304.04 | 6.14% |
| 1986 | $4,554.95 | 5.83% |
| 1987 | $4,742.47 | 4.12% |
| 1988 | $4,923.18 | 3.81% |
| 1989 | $5,114.55 | 3.89% |
| 1990 | $5,330.21 | 4.22% |
| 1991 | $5,519.21 | 3.55% |
| 1992 | $5,657.55 | 2.51% |
| 1993 | $5,789.67 | 2.34% |
| 1994 | $5,930.98 | 2.44% |
| 1995 | $6,076.13 | 2.45% |
| 1996 | $6,236.99 | 2.65% |
| 1997 | $6,418.58 | 2.91% |
| 1998 | $6,626.84 | 3.24% |
| 1999 | $6,835.09 | 3.14% |
| 2000 | $7,083.05 | 3.63% |
| 2001 | $7,398.54 | 4.45% |
| 2002 | $7,689.44 | 3.93% |
| 2003 | $7,914.58 | 2.93% |
| 2004 | $8,126.69 | 2.68% |
| 2005 | $8,369.90 | 2.99% |
| 2006 | $8,668.51 | 3.57% |
| 2007 | $9,037.70 | 4.26% |
| 2008 | $9,368.59 | 3.66% |
| 2009 | $9,581.96 | 2.28% |
| 2010 | $9,604.06 | 0.23% |
| 2011 | $9,767.84 | 1.71% |
| 2012 | $10,026.96 | 2.65% |
| 2013 | $10,310.32 | 2.83% |
| 2014 | $10,635.25 | 3.15% |
| 2015 | $11,015.35 | 3.57% |
| 2016 | $11,430.82 | 3.77% |
| 2017 | $11,866.85 | 3.81% |
| 2018 | $12,296.10 | 3.62% |
| 2019 | $12,751.88 | 3.71% |
| 2020 | $13,150.24 | 3.12% |
| 2021 | $13,445.50 | 2.25% |
| 2022 | $14,256.70 | 6.03% |
| 2023 | $15,390.60 | 7.95% |
| 2024 | $16,120.33 | 4.74%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rent of primary residence:
| Year | 1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 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 | 2021 | 2022 | 2023 | 2024 |
| CPI | 21.000 | 21.000 | 21.150 | 21.350 | 21.100 | 21.750 | 23.700 | 28.067 | 31.800 | 32.400 | 33.340 | 34.440 | 34.567 | 34.133 | 33.567 | 32.767 | 32.000 | 31.067 | 29.300 | 25.967 | 22.467 | 21.333 | 21.400 | 21.900 | 22.980 | 23.680 | 23.700 | 23.757 | 24.154 | 24.692 | 24.692 | 24.745 | 24.820 | 24.980 | 25.792 | 27.500 | 28.692 | 29.754 | 30.923 | 32.215 | 33.908 | 35.115 | 35.608 | 36.262 | 36.962 | 37.638 | 38.177 | 38.738 | 39.231 | 39.715 | 40.115 | 40.531 | 40.931 | 41.492 | 42.238 | 43.254 | 44.654 | 46.500 | 48.654 | 50.331 | 52.523 | 55.154 | 58.000 | 61.138 | 64.815 | 69.277 | 74.338 | 80.915 | 87.938 | 94.623 | 100.092 | 105.292 | 111.762 | 118.277 | 123.146 | 127.838 | 132.808 | 138.408 | 143.315 | 146.908 | 150.338 | 154.008 | 157.777 | 161.954 | 166.669 | 172.077 | 177.485 | 183.923 | 192.115 | 199.669 | 205.515 | 211.023 | 217.338 | 225.092 | 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 | 341.468 | 349.135 | 370.199 | 399.643 | 418.591 |