A linke chart show percentage change in rents for San Francisco, Las Vegas,Cleveland and Cape Coral, Fla. Las Vegas and Cape Coral saw more than 20% increases in rent in 2021, peaking in 2022 before beginning to decrease.
The Zillow Observed Rent Index (ZORI) measures the changes in the rental price of the same rental unit over time. The dollar value is adjusted to match the value of the dollar for the corresponding month.

Year-over-year percentage changes could not be calculated for San Francisco for August and September 2020 and 2021 because of missing data in 2020.