10 U.S. cities that saw the biggest annual rent increases and drops over one year

Table showing top 20 cities where rent increased the most
SmartAsset
  1. Columbia, SC
  • Rent, Feb. 2024: $1,438
  • Rent, Feb. 2023: $1,331
  • YoY Change: 8.0%
  • Change since Feb. 2019: 43.5%
  1. Newark, NJ
  • Rent, Feb. 2024 $1,982
  • Rent, Feb. 2023: $1,841
  • YoY Change: 7.6%
  • Change since Feb. 2019: 36.3%
  1. Wichita, KS
  • Rent, Feb. 2024: $1,028
  • Rent, Feb. 2023: $955
  • YoY Change: 7.6%
  • Change since Feb. 2019: 31.7%
  1. Rochester, NY
  • Rent, Feb. 2024: $1,440
  • Rent, Feb. 2023: $1,339
  • YoY Change: 7.6%
  • Change since Feb. 2019: 35.2%
  1. Cincinnati, OH
  • Rent, Feb. 2024: $1,381
  • Rent, Feb. 2023: $1,291
  • YoY Change: 7.0%
  • Change since Feb. 2019: 36.3%
  1. Knoxville, TN
  • Rent, Feb. 2024: $1,818
  • Rent, Feb. 2023: $1,699
  • YoY Change: 7.0%
  • Change since Feb. 2019: 59.1%
  1. Louisville, KY
  • Rent, Feb. 2024: $1,343
  • Rent, Feb. 2023: $1,256
  • YoY Change: 6.9%
  • Change since Feb. 2019: 32.8%
  1. Kansas City, MO
  • Rent, Feb. 2024: $1,358
  • Rent, Feb. 2023: $1,270
  • YoY Change: 6.9%
  • Change since Feb. 2019: 35.5%
  1. Cleveland, OH
  • Rent, Feb. 2024: $1,319
  • Rent, Feb. 2023: $1,235
  • YoY Change: 6.8%
  • Change since Feb. 2019: 32.3%
  1. Silver Spring, MD
  • Rent, Feb. 2024: $2,088
  • Rent, Feb. 2023: $1,955
  • YoY Change: 6.8%
  • Change since Feb. 2019: 18.7%

10 cities where rent decreased most

  1. Austin, TX
  • Rent, Feb. 2024: $1,719
  • Rent, Feb. 2023: $1,775
  • YoY Change: -3.2%
  • Change since Feb. 2019: 21.1%
  1. Oakland, CA
  • Rent, Feb. 2024: $2,483
  • Rent, Feb. 2023: $2,515
  • YoY Change: -1.3%
  • Change since Feb. 2019: -1.2%
  1. Vancouver, WA
  • Rent, Feb. 2024: $1,747
  • Rent, Feb. 2023: $1,767
  • YoY Change: -1.2%
  • Change since Feb. 2019: 29.1%
  1. Portland, OR
  • Rent, Feb. 2024: $1,748
  • Rent, Feb. 2023: $1,766
  • YoY Change: -1.1%
  • Change since Feb. 2019: 14.8%
  1. Plano, TX
  • Rent, Feb. 2024: $1,781
  • Rent, Feb. 2023: $1,799
  • YoY Change: -1.0%
  • Change since Feb. 2019: 28.1%
  1. San Francisco, CA
  • Rent, Feb. 2024: $3,276
  • Rent, Feb. 2023: $3,307
  • YoY Change: -0.9%
  • Change since Feb. 2019: -5.3%
  1. San Antonio, TX
  • Rent, Feb. 2024: $1,393
  • Rent, Feb. 2023: $1,404
  • YoY Change: -0.8%
  • Change since Feb. 2019: 20.6%
  1. Lawrenceville, GA
  • Rent, Feb. 2024: $2,076
  • Rent, Feb. 2023: $2,085
  • YoY Change: -0.4%
  • Change since Feb. 2019: 38.3%
  1. Atlanta, GA
  • Rent, Feb. 2024: $1,949
  • Rent, Feb. 2023: $1,953
  • YoY Change: -0.2%
  • Change since Feb. 2019: 25.4%
  1. Marietta, GA
  • Rent, Feb. 2024: $1,772
  • Rent, Feb. 2023: $1,772
  • YoY Change: 0.0%
  • Change since Feb. 2019: 34.8%

Data and methodology

Rental data comes from Zillow's Zillow Observed Rent Index (ZORI). We compared data from May 2022 and May 2023 that was smoothed and seasonally adjusted for all homes plus multifamilies for 100 of the largest U.S. cities.

 

Top 10 cities where rent increased most
Skyline of downtown Columbia, South Carolina from above Jarvis Klapman Blvd.
Sean Pavone // Shutterstock