Welcome to the November 2024 Cody Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Cody rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Cody and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Cody average rent prices in the chart below.
Cody rent prices decreased over the last month. From October to November, the city experienced a -10.35% decrease for the price of a one-bedroom apartment. The rent price for a Cody one-bedroom apartments currently stands at $918.0.
When we take a look at the two-bedroom comparison from October to November, Cody experienced a 8.87% increase for the price of a two-bedroom apartment. The rent price for a Cody two-bedroom apartments currently stands at $1,449.0.
Rent prices have decreased in Cody over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Cody suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Cody suburbs
Rents did not decrease in any of the Cody suburbs.
Rent growth in Cody over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Cody average rent prices appear to be relatively affordable for local residents.
The price for a Cody one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Cody and surrounding area rent prices, take a look at the complete data set below.
1 BR November | 1 BR M/M % Change | 2 BR November | 2 BR M/M % Change |
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Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.