Renters Must Earn $66,120 to Afford the Typical U.S. Apartment. The Typical Renter Makes $11,000 Less Than That.

The typical U.S. renter household earns an estimated $54,712 per year. That’s 17.3% less—or $11,408 in dollar terms—than the $66,120 a renter must earn to afford monthly rent for the median-priced U.S. apartment ($1,653). Just 39% of renters make enough money to afford the median-priced apartment.