The 12 US cities with the fastest-rising rent prices

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A street in San Francisco, California.
source
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.

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.


12. Dallas-Fort Worth, Texas

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Downtown Dallas, Texas.
source
S. Mariusz Jurgielewicz/Shutterstock

Median rent: $1,543

Year-over-year change: 4.0%


11. Riverside, California

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Shutterstock/Jon Bilous

Median rent: $1,738

Year-over-year change: 4.0%


10. San Jose, California

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City of San Jose – California/Facebook

Median rent: $3,520

Year-over-year change: 4.5%


9. Los Angeles, California

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Shutterstock

Median rent: $2,585

Year-over-year change: 4.7%


8. Fort Lauderdale, Florida

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Shutterstock

Median rent: $1,887

Year-over-year change: 4.8%


7. Phoenix, Arizona

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Shutterstock

Median rent: $1,298

Year-over-year change: 4.8%


6. San Diego, California

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Shutterstock.com

Median rent: $2,424

Year-over-year change: 5.0%


5. Denver, Colorado

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Denver, Colorado.
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Shutterstock

Median rent: $2,013

Year-over-year change: 5.1%


4. Sacramento, California

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Wikimedia Commons

Median rent: $1,675

Year-over-year change: 5.6%


3. San Francisco, California

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Richard Heyes/flickr

Median rent: $3,407

Year-over-year change: 6.2%


2. Portland, Oregon

source
Travel Portland/Facebook

Median rent: $1,772

Year-over-year change: 8.2%


1. Seattle, Washington

source
Seattle Municipal Archives/Flickr

Median rent: $2,052

Year-over-year change: 9.9%