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10 US cities where rent for a one-bedroom apartment is increasing the most - and 10 cities where it's decreasinghttps://www.businessinsider.in/slideshows/miscellaneous/10-us-cities-where-rent-for-a-one-bedroom-apartment-is-increasing-the-most-and-10-cities-where-its-decreasing/slidelist/73740123.cms2020-01-29T20:42:07+05:30

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

Jan 29, 2020, 20:42 IST

Last year, rent for a one-bedroom apartment in Newark, New Jersey, rose by 42.8%.

In Miami, Florida, rent for a one-bedroom apartment rose 21.7% in 2019.

Phoenix, Arizona, saw a 21.2% increase in rent for a one-bedroom apartment last year.

In St. Petersburg, Florida, rent for a one-bedroom apartment increased by 19.9%.

Last year, rent for a one-bedroom apartment rose 19.6% in El Paso, Texas.

In 2019, Chandler, Arizona, saw a 17.8% increase in rent for a one-bedroom apartment.

Henderson, Nevada, also saw a 16.9% increase for one-bedroom apartments last year.

In 2019, Milwaukee, Wisconsin had a 14.9% increase in rent for a one-bedroom apartment.

Likewise, rents for a one-bedroom apartment in Long Beach, California, increased by 14% in 2019.

Detroit, Michigan, rounds out the top ten cities with rising rent prices last year. Rent for a one-bedroom increased 13.2%.

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%.

Wichita, Kansas' rent prices for one-bedroom apartments decreased by 14.9% in 2019.

In 2019, rent for a one-bedroom apartment in New Orleans, Louisiana, dropped by 14.4%.

Rent for one-bedroom apartments decreased 13.9% in Garland, Texas, last year.

Likewise, rent prices for one-bedroom apartments dropped 13.5% in 2019 in Arlington, Texas.

Madison, Wisconsin's rent prices dropped 10.1% in 2019 for one-bedroom apartments.

Residents of Lubbock, Texas, saw a 9% decrease in rent prices for one-bedroom apartments in 2019.

Prices for one-bedroom apartments in Boston, Massachusetts, dropped 8.7% last year.

Residents of Toledo, Ohio, saw an 8.7% decrease in rent prices last year for one-bedroom apartments.

Lastly, rent dropped 8.2% for one-bedroom apartments in Tulsa, Oklahoma.

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