Rent in These 12 Cities Is Getting Cheaper

Good news, Renters! While the average rent is still up 1.7% year over year as of February, rent prices have actually fallen over the past year in 12 major cities.

Here's a look at the metro areas where rent is getting cheaper, ranked from smallest to largest price drops over the past year.

12. Virginia Beach, Virginia

Decrease in rent prices year over year: -0.17%

11. Denver, Colorado

Decrease in rent prices year over year: -0.34%

10. Chicago, Illinois

Decrease in rent prices year over year: -0.52%

9. Birmingham, Alabama

Decrease in rent prices year over year: -0.55%

8. Houston, Texas

Decrease in rent prices year over year: -1.91%

7. Baltimore, Maryland

Decrease in rent prices year over year: -2.21%

6. Dallas, Texas

Decrease in rent prices year over year: -2.56%

5. Minneapolis, Minnesota

Decrease in rent prices year over year: -3.5%

4. Phoenix, Arizona

Decrease in rent prices year over year: -4%

3. New Orleans, Louisiana

Decrease in rent prices year over year: -6.36%

2. Austin, Texas

Decrease in rent prices year over year: -6.51%

1. Oklahoma City, Oklahoma

Decrease in rent prices year over year: -15.71%