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10 US cities where rent for a one-bedroom apartment is increasing the most ' and 10 cities where it's decreasing

Published by Business Insider on Wed, 29 Jan 2020


In 2019, rent prices in some cities went up, while some cities saw decreases in rent.Newark, New Jersey; Miami, Florida; and Phoenix, Arizona, all saw rent prices increase by more than 20% in 2019.But rent prices in Virginia Beach, Virginia; Wichita, Kansas; and New Orleans, Louisiana, decreased by at least 10% last year.Visit Business Insider's homepage for more stories.Every year, rent prices fluctuate across the US.Apartment Guide's 2020 Annual Rent Report looked at data from across the US to find which cities saw the greatest increases in rent in 2019 and which saw the greatest decreases.Keep reading to see how rent prices are changing in cities closest to you.FOLLOW US:Insider is on FacebookLast year, rent for a one-bedroom apartment in Newark, New Jersey, rose by 42.8%.The average rent for a one-bedroom in 2019: $2,305.09Cost of living throughout 2019: Increased by .8%In Miami, Florida, rent for a one-bedroom apartment rose 21.7% in 2019.The average rent for a one-bedroom in 2019: $2,597.57Cost of living throughout 2019: Decreased by 2.1%Phoenix, Arizona, saw a 21.2% increase in rent for a one-bedroom apartment last year.The average rent for a one-bedroom in 2019: $1,342.31Cost of living throughout 2019: Increased by 2%In St. Petersburg, Florida, rent for a one-bedroom apartment increased by 19.9%.The average rent for a one-bedroom in 2019: $1,545.85Cost of living throughout 2019: Increased by 1.1%Last year, rent for a one-bedroom apartment rose 19.6% in El Paso, Texas.The average rent for a one-bedroom in 2019: $862.24Cost of living throughout 2019: N/AIn 2019, Chandler, Arizona, saw a 17.8% increase in rent for a one-bedroom apartment.The average rent for a one-bedroom in 2019: $1,417.15Cost of living throughout 2019: Increased by 2%Henderson, Nevada, also saw a 16.9% increase for one-bedroom apartments last year.The average rent for a one-bedroom in 2019: $1,375.29Cost of living throughout 2019: Decreased by 1%In 2019, Milwaukee, Wisconsin had a 14.9% increase in rent for a one-bedroom apartment.The average rent for a one-bedroom in 2019: $1,412.25Cost of living throughout 2019: Decreased by 1.1%Likewise, rents for a one-bedroom apartment in Long Beach, California, increased by 14% in 2019.The average rent for a one-bedroom in 2019: $2,666.43Cost of living throughout 2019: Increased by 1.2%Detroit, Michigan, rounds out the top ten cities with rising rent prices last year. Rent for a one-bedroom increased 13.2%.The average rent for a one-bedroom in 2019: $1,607.10Cost of living throughout 2019: Increased by 4.7%Meanwhile, some cities have decreasing rent prices. The largest drop last year was in Virginia Beach, Virginia, where rent for a one-bedroom apartment fell 26.8%.The average rent for a one-bedroom in 2019: $1,165.64Cost of living throughout 2019: Decreased by .4%Wichita, Kansas' rent prices for one-bedroom apartments decreased by 14.9% in 2019.The average rent for a one-bedroom in 2019: $804.46Cost of living throughout 2019: Decreased by .1%In 2019, rent for a one-bedroom apartment in New Orleans, Louisiana, dropped by 14.4%.The average rent for a one-bedroom in 2019: $1,564.84Cost of living throughout 2019: Increased by 7.4%Rent for one-bedroom apartments decreased 13.9% in Garland, Texas, last year.The average rent for a one-bedroom in 2019: $1,070.79Cost of living throughout 2019: Increased by 6.1%Likewise, rent prices for one-bedroom apartments dropped 13.5% in 2019 in Arlington, Texas.The average rent for a one-bedroom in 2019: $1,000.02Cost of living throughout 2019: Decreased by 3%Madison, Wisconsin's rent prices dropped 10.1% in 2019 for one-bedroom apartments.The average rent for a one-bedroom in 2019: $1,215.46Cost of living throughout 2019: Decreased by 0.2%Residents of Lubbock, Texas, saw a 9% decrease in rent prices for one-bedroom apartments in 2019.The average rent for a one-bedroom in 2019: $707.66Cost of living throughout 2019: Increased by 1%Prices for one-bedroom apartments in Boston, Massachusetts, dropped 8.7% last year.The average rent for a one-bedroom in 2019: $3,712.96Cost of living throughout 2019: Decreased by .3%Residents of Toledo, Ohio, saw an 8.7% decrease in rent prices last year for one-bedroom apartments.The average rent for a one-bedroom in 2019: $821.75Cost of living throughout 2019: Decreased by 4%Lastly, rent dropped 8.2% for one-bedroom apartments in Tulsa, Oklahoma.The average rent for a one-bedroom in 2019: $669.96Cost of living throughout 2019: Decreased by 3.5%Read more:The salary you need to afford rent in every state, rankedHere's what the average American family of four spends on rent in every stateHere's the most expensive town for renters in every stateHere's the most affordable town for renters in every US state
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