From the Census bureau Historical Census of Housing Tables the median rents over the last 7 decades were as follows:
Median gross rents :
1940 | $27 |
1950 | $42 |
1960 | $71 |
1970 | $108 |
1980 | $243 |
1990 | $447 |
2000 | $602 |
Therefore from 1940 to 2000 rent increased at an annual rate of 5.31%.