12 Cities Where Rent Is Getting Cheaper

The good news for renters is that rent prices are finally cooling down thanks to a combination of increased vacancy rates, new inventory, a cooling housing market and demand below typical seasonal levels, Rent. reports. However, on average, rents are still up 1.7% year over year as of February.

But this isn’t the case everywhere, and in 12 major cities, rent prices have actually fallen over the past year. Here’s a look at the metro areas where rent is getting cheaper, ranked from smallest to largest price drops over the past year.

• Decrease in rent prices year over year: -0.17%

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• Decrease in rent prices year over year: -0.34%

• Decrease in rent prices year over year: -0.52%

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