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The 12 US cities with the fastest-rising rent prices

Dec 27, 2016, 22:47 IST

Richard Heyes/flickr

If you've hunted for an apartment in a US city in the past several years, you might have noticed that it's getting more and more difficult.

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In the past decade, nine million Americans have become new renters, many of them in cities. Yet the average renter can afford less than 40% of the available apartments in the country's 11 largest metro areas, according to a 2016 New York University analysis.

Every year, Zillow generates a median rent index at seven geographic levels including neighborhood, zip code, city, congressional district, county, metropolitan area, state, and the country overall. Nationwide, the median rent has increased by 2.2% compared to 2015. At the city level, Zillow considers rent markets for studios, condos, single-family homes, and one to five bedroom apartments.

Here the 12 cities with the biggest change from last year.

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