{"id":496502,"date":"2023-02-13T00:00:00","date_gmt":"2023-02-13T05:00:00","guid":{"rendered":"https:\/\/rent-research.rent.com\/research\/metros-where-rents-are-decreasing\/"},"modified":"2023-06-26T15:19:41","modified_gmt":"2023-06-26T19:19:41","slug":"metros-where-rents-are-decreasing","status":"publish","type":"post","link":"https:\/\/www.rent.com\/research\/metros-where-rents-are-decreasing\/","title":{"rendered":"U.S. Metros Where Rents Are Decreasing"},"content":{"rendered":"

Rent prices increased all over the country in 2022. The national median rent price increased 4.77 percent year-over-year, rising from $1,889 in December 2021 to $1,978 in December 2022.<\/p>\n

But year-over-year prices in certain markets are moving in the opposite direction. Rent prices are stabilizing \u2014 and even falling \u2014 in some metro areas. That’s welcome news for cash-strapped renters, and a sign that 2022’s dramatic price increases may be evening out.<\/p>\n

Metros with year-over-year rent decreases over 2 percent<\/h2>\n

Eight U.S. metros recorded year-over-year rent decreases between 2 and 8.5 percent in December 2022. These markets include metropolitan areas that logged double digit month-over-month price spikes and high levels of outbound migration interest<\/a> in 2022.<\/p>\n