In more good news for renters, the nationwide median one-bedroom rent price decreased between July and August, from $1,016 to $1,013.<\/p>\n
So far in 2017, that gives the nation a clean record of decreases outweighing increases. January still holds the year\u2019s record for highest median rent (tied in July) at $1,016, decreasing .3% year to date.<\/p>\n
Glendale, AZ, carries the team for this month\u2019s rent report, seeing a 10.7% decrease in August over July\u2019s one-bedroom rents, to $744. This marks the second consecutive month of having one of the largest drops in the country, following July\u2019s 6.8% decrease. St. Paul, MN<\/a>, and Buffalo, NY, are also entering their second month in the top three for largest decreases in the country, falling 8.7% and 4.8%, respectively. That means renters in St. Paul are seeing rents around $1,126, while Buffalo renters are looking at $849.<\/p>\n There\u2019s also some continuity with our top 10 cities with the largest rent increases between July and August. New Orleans, LA<\/a>, for example, is no stranger to topping Rentable\u2019s rent reports. For August, the Big Easy saw rents rise 8.6%, breaking $1,500 for a one-bedroom and continuing a six-month streak of increases.<\/p>\n Corpus Christi moved up the list from #5 in July (up 6.1%) to #2 for August (up 7.1%), for a median rent of $932, and Richmond, VA, hopped from #9 to #5 for August, with a 6.7% increase to $957.<\/p>\n Honolulu, HI, hit #3 in July with an increase of 8%, and returns to the list at #4 in August for another 6.7% increase. For August, that means median one-bedroom rent is $1,766 \u2014 the tenth highest in the country.<\/p>\n Honolulu bumped Seattle, WA, off the top 10 highest rents in the country, though Seattle is just $20 behind, at $1,746. Miami<\/a> and Chicago<\/a> also swapped places, but the list \u2014 as usual \u2014 remains largely unchanged. San Francisco, CA, is still firmly in the lead at $3,210, which is actually a slight decrease over July. NYC also dipped a bit to $2,907 for a one-bedroom, but every other city in our highest rents ranking is paying more in August than they were in July.<\/p>\n For press inquiries, please contact Sam Radbil<\/a>.<\/p>\n