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Rent Prices Are Dropping Across the US — But Not in These 10 Cities



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This is being declared “the year of the American renter.” According to Zumper’s National Rent Report, numbers are flat over last month for the national median rent in one- and two-bedroom homes. Respectively, these amounts are $1,496 and $1,847.
So far, the Sun Belt is experiencing the greatest decline in rent prices. Some of January’s top cities with falling rents include El Paso, Texas, and Gilbert and Glendale in Arizona.
Despite this good news, not all cities have rent prices that are trending downward. Here are 10 cities with the largest year-over-year rent increases for one-bedrooms, in ascending order.
Durham, North Carolina
- One-bedroom price: $1,480
- Annual increase: 12.10%
- Two-bedroom price: $1,740
- Annual increase: 11.50%
Rochester, New York
- One-bedroom price: $1,130
- Annual increase: 13.00%
- Two-bedroom price: $1,390
- Annual increase: 1.50%
Minneapolis
- One-bedroom price: $1,390
- Annual increase: 13.00%
- Two-bedroom price: $2,000
- Annual increase: 9.90%
Anchorage, Alaska
- One-bedroom price: $1,360
- Annual increase: 13.30%
- Two-bedroom price: $1,610
- Annual increase: 6.60%
Jersey City, New Jersey
- One-bedroom price: $3,220
- Annual increase: 13.40%
- Two-bedroom price: $3,940
- Annual increase: 25.10%
Syracuse, New York
- One-bedroom price: $1,060
- Annual increase: 15.20%
- Two-bedroom price: $1,280
- Annual increase: 8.50%
Chicago
- One-bedroom price: $2,170
- Annual increase: 16.70%
- Two-bedroom price: $2,750
- Annual increase: 26.50%
Columbus, Ohio
- One-bedroom price: $1,110
- Annual increase: 16.80%
- Two-bedroom price: $1,340
- Annual increase: 0.80%
Milwaukee
- One-bedroom price: $1,120
- Annual increase: 17.90%
- Two-bedroom price: $1,170
- Annual increase: 13.60%
Cleveland
- One-bedroom price: $1,330
- Annual increase: 18.80%
- Two-bedroom price: $1,380
- Annual increase: 13.10%
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