Cities Where Rent Prices Are Increasing the Most
Wednesday, July 19th, 2017
It's no secret that where you live greatly affects how much you pay in rent. What's less known is that where you live can affect how much your rent will rise from one year to the next.
In a recent study, researchers for personal finance news and features website GOBankingRates reviewed median rental price data from May 2016 and May 2017 in select cities to determine the year-over-year change in dollars for a single-bedroom residence. The data was sourced and pulled from Zillow in June 2017.
The five cities where rent prices increased the most and the five cities where rent prices decreased the most are listed here.
Renters can use this information to help find affordable rental properties. Alternatively, they can use this data to help justify purchasing a home in areas where rents are rising the most.
U.S. Cities Where Rent Prices Are Increasing the Most
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Marina del Rey, Calif.: +$441.50
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Medford, Mass.: +$405
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Jersey City, N.J.: +$285
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Columbia, Md.: +$277
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Corona, Calif.: +$273.50
U.S. Cities Where Rent Has Decreased the Most
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Bronxville, N.Y.: - $475
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Buffalo, N.Y.: - $355
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San Francisco: - $226
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Walnut Creek, Calif.: - $225
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Danbury, Conn.: - $217
