20 cities where housing rents have decreased the most since last year



Although rental prices in many parts of the country have skyrocketed, there are still some US cities where rental costs have actually decreased.

According to a new study from the home rental portal Rent.com, through April, rents had fallen nearly 12% from a year earlier for one-bedroom homes in Baltimore, Maryland and Cleveland, Ohio.

During that same period, prices also fell 11% in Toledo, Ohio; 10% in Kansas City, Missouri and Milwaukee, Wisconsin; and more than 9% in Indianapolis, Indiana.

Other cities where One-bedroom apartment rents have fallen significantly since last year include Las Vegas, Nevada; Virginia Beach, Virginia; Lubbock, Texas; and Norfolk, Va..

The 10 cities where one-bedroom home prices have fallen the most are:

1–Baltimore, Maryland

–Average rental price: $1,629
–Price drop since last year: 11.8%

2-Cleveland, Ohio

–Average rental price: $1,232
–Price drop since last year: 11.8%

3–Toledo, Ohio

–Average rental price: $679
–Price drop since last year: 10.9%

4–Kansas City, Missouri

–Average rental price: $1,270
–Price drop since last year: 9.9%

5–Milwaukee, Wisconsin

–Average rental price: $1,158
–Price drop since last year: 9.5%

6–Indianapolis, Indiana

–Average rental price: $1,081
–Price drop since last year: 9.1%

7–Las Vegas, Nevada

–Average rental price: $1,512
–Price drop since last year: 8.6%

8–Virginia Beach, Virginia

–Average rental price: $1,513
–Price drop since last year: 5.6%

9–Norfolk, Virginia

–Average rental price: $1,270
–Price drop since last year: 4.1%

10–Lubbock, Texas

–Average rental price: $670
–Price drop since last year: 2.7%

On the other hand, prices for two-bedroom units have fallen year over year in Shreveport, Louisiana; Wichita, Kansas; and Scottsdale, Arizona.

Rental prices in those areas are falling as people return to offices in major metropolitan areas.and that’s reducing housing demand in mid-size cities, as reported on CBS.

And it is that people are already moving to big cities like Chicago, Los Angeles and New York.

The 10 cities where two-bedroom home prices have fallen the most are:

1–Shreveport, Louisiana

–Average rental price: $919
–Price drop since last year: 18.7%

2–Wichita, Kansas

–Average rental price: $615
–Price drop since last year: 18.0%

3–Toledo, Ohio

–Average rental price: $932
–Price drop since last year: 16.4%

4–Indianapolis, Indiana

–Average rental price: $1,212
–Price drop since last year: 12.1%

5–Scottsdale, Arizona

–Average rental price: $2,767
–Price drop since last year: 11.5%

6–Anaheim, Calif.

–Average rental price: $2,233
–Price drop since last year: 10.7%

7–Arlington, Texas

–Average rental price: $1,492
–Price drop since last year: 10.5%

8–Cleveland, Ohio

–Average rental price: $1,654
–Price drop since last year: 10.5%

9–Kansas City, Missouri

–Average rental price: $1,595
–Price drop since last year: 9.1%

10–New Orleans, Louisiana

–Average rental price: $2,243
–Price drop since last year: 8.3%

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Source-eldiariony.com