For most folks, rent’s on the rise in the wake of the pandemic. In the 75 most populated cities in the US, the average price of rent increased by 5.54% from 2020 to 2021.1,2,3
By combining population and rental data, we found out which big cities faced the most significant increases and decreases for one-bedroom rent pricing from 2020 to 2021. (For more info, see our full methodology.)
The vast majority of the big cities in the US saw a rent growth in 2021 of at least 5%.
However, 16 big cities (including New York, New York, and San Francisco, California) saw decreases in rental prices. That means for a few folks, now, while the rental market is hot, might be the perfect time to move to the city of your dreams.