{"id":1537,"date":"2023-04-28T17:49:56","date_gmt":"2023-04-28T21:49:56","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/cities-where-rent-has-risen-the-most-in-every-state\/"},"modified":"2023-04-28T17:49:57","modified_gmt":"2023-04-28T21:49:57","slug":"cities-where-rent-has-risen-the-most-in-every-state","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=1537","title":{"rendered":"Cities Where Rent Has Risen The Most In Every State"},"content":{"rendered":"
\n

After the homebuying hysteria of 2021 and the first half of 2022 was cooled off by rising interest rates, one of the knock-on effects has been an increase in the cost of rent. This is understandable as rising mortgage rates pushed homeownership beyond affordability for many Americans, who then in turn, have resorted to renting. And, indeed, the average cost of rent has increased across the United States, in cities both big and small, over the course of the last year.<\/p>\n

Using data sourced from Zillow, specifically its Zillow Observed Rent Index (ZORI) \u2014 a smoothed measure of the typical market rate rent for a given region \u2014 we went state by state and identified the cities where rent has increased the most year-over-year.<\/p>\n

Read on for a full breakdown of the cities in every state where the cost of rent has increased the most from 2022 to 2023.<\/p>\n

Cities Where Rent Has Risen the Most in Every State<\/h2>\n

The cities that comprise our list are quite diverse. Some cities are major urban centers, such as Mobile, Alabama, Portland, Maine, or Sioux Falls, South Dakota. In other cases, the cities may be quite small. Another characteristic is the wide range of the year-over-year increases in rent, from as small as 1.6% om Reno, Nevada, to 93.2% in Marysville, Washington.<\/p>\n

<\/fbs-ad><\/p>\n

Here\u2019s the rundown on the city in each state with the largest increase in rent from March 2022 to March 2023:<\/p>\n

Alabama<\/h2>\n

City<\/strong>: Mobile<\/p>\n

1-Year Change in Median Rent<\/strong>: 13%<\/p>\n

March 2022 Rent<\/strong>: $1,032<\/p>\n

March 2023 Rent<\/strong>: $1,166<\/p>\n

Alaska<\/h2>\n

City<\/strong>: Anchorage<\/p>\n

1-Year Change in Median Rent<\/strong>: 9.9%<\/p>\n

March 2022 Rent<\/strong>: $1,500<\/p>\n

March 2023 Rent<\/strong>: $1,677<\/p>\n

Arizona<\/h2>\n

City<\/strong>: Fountain Hills<\/p>\n

1-Year Change in Median Rent<\/strong>: 14.8%<\/p>\n

March 2022 Rent<\/strong>: $2,226<\/p>\n

March 2023 Rent<\/strong>: $2,556<\/p>\n

Arkansas<\/h2>\n

City<\/strong>: Cabot<\/p>\n

1-Year Change in Median Rent<\/strong>: 37.4%<\/p>\n

March 2022 Rent<\/strong>: $918<\/p>\n

March 2023 Rent<\/strong>: $1,261<\/p>\n

California<\/h2>\n

City<\/strong>: Orinda<\/p>\n

1-Year Change in Median Rent<\/strong>: 28.6%<\/p>\n

March 2022 Rent<\/strong>: $4,096<\/p>\n

March 2023 Rent<\/strong>: $5,266<\/p>\n

Colorado<\/h2>\n

City<\/strong>: Manitou Springs<\/p>\n

1-Year Change in Median Rent<\/strong>: 11.7%<\/p>\n

March 2022 Rent<\/strong>: $1,231<\/p>\n

March 2023 Rent<\/strong>: $1,376<\/p>\n

Connecticut<\/h2>\n

City<\/strong>: Waterbury<\/p>\n

1-Year Change in Median Rent<\/strong>: 21.1%<\/p>\n

March 2022 Rent<\/strong>: $1,149<\/p>\n

March 2023 Rent<\/strong>: $1,392<\/p>\n

Delaware<\/h2>\n

City<\/strong>: Newark<\/p>\n

1-Year Change in Median Rent<\/strong>: 10.1%<\/p>\n

March 2022 Rent<\/strong>: $1,759<\/p>\n

March 2023 Rent<\/strong>: $1,936<\/p>\n

Florida<\/h2>\n

City<\/strong>: St. Pete Beach<\/p>\n

1-Year Change in Median Rent<\/strong>: 53.3%<\/p>\n

March 2022 Rent<\/strong>: $1,802<\/p>\n

March 2023 Rent<\/strong>: $2,763<\/p>\n

Georgia<\/h2>\n

City<\/strong>: Griffin<\/p>\n

1-Year Change in Median Rent<\/strong>: 28%<\/p>\n

March 2022 Rent<\/strong>: $1,095<\/p>\n

March 2023 Rent<\/strong>: $1,402<\/p>\n

Hawaii<\/h2>\n

City<\/strong>: Kaneohe<\/p>\n

1-Year Change in Median Rent<\/strong>: 15.2%<\/p>\n

March 2022 Rent<\/strong>: $2,491<\/p>\n

March 2023 Rent<\/strong>: $2,870<\/p>\n

Idaho<\/h2>\n

City<\/strong>: Pocatello<\/p>\n

1-Year Change in Median Rent<\/strong>: 14.6%<\/p>\n

March 2022 Rent<\/strong>: $878<\/p>\n

March 2023 Rent<\/strong>: $1,007<\/p>\n

Illinois<\/h2>\n

City<\/strong>: Normal<\/p>\n

1-Year Change in Median Rent<\/strong>: 23.8%<\/p>\n

March 2022 Rent<\/strong>: $960<\/p>\n

March 2023 Rent<\/strong>: $1,189<\/p>\n

Indiana<\/h2>\n

City<\/strong>: South Bend<\/p>\n

1-Year Change in Median Rent<\/strong>: 16.8%<\/p>\n

March 2022 Rent<\/strong>: $1,079<\/p>\n

March 2023 Rent<\/strong>: $1,261<\/p>\n

Iowa<\/h2>\n

City<\/strong>: Waukee<\/p>\n

1-Year Change in Median Rent<\/strong>: 9.9%<\/p>\n

March 2022 Rent<\/strong>: $1,264<\/p>\n

March 2023 Rent<\/strong>: $1,389<\/p>\n

Kansas<\/h2>\n

City<\/strong>: Hutchinson<\/p>\n

1-Year Change in Median Rent<\/strong>: 14.1%<\/p>\n

March 2022 Rent<\/strong>: $545<\/p>\n

March 2023 Rent<\/strong>: $621<\/p>\n

Kentucky<\/h2>\n

City<\/strong>: Covington<\/p>\n

1-Year Change in Median Rent<\/strong>: 11.4%<\/p>\n

March 2022 Rent<\/strong>: $1,317<\/p>\n

March 2023 Rent<\/strong>: $1,468<\/p>\n

Louisiana<\/h2>\n

City<\/strong>: Ruston<\/p>\n

1-Year Change in Median Rent<\/strong>: 10.4%<\/p>\n

March 2022 Rent<\/strong>: $1,144<\/p>\n

March 2023 Rent<\/strong>: $1,263<\/p>\n

Maine<\/h2>\n

City<\/strong>: Portland<\/p>\n

1-Year Change in Median Rent<\/strong>: 9.4%<\/p>\n

March 2022 Rent<\/strong>: $2,024<\/p>\n

March 2023 Rent<\/strong>: $2,215<\/p>\n

Maryland<\/h2>\n

City<\/strong>: Chevy Chase<\/p>\n

1-Year Change in Median Rent<\/strong>: 16%<\/p>\n

March 2022 Rent<\/strong>: $2,031<\/p>\n

March 2023 Rent<\/strong>: $2,356<\/p>\n

Massachusetts<\/h2>\n

City<\/strong>: Springfield<\/p>\n

1-Year Change in Median Rent<\/strong>: 22.5%<\/p>\n

March 2022 Rent<\/strong>: $1,305<\/p>\n

March 2023 Rent<\/strong>: $1,599<\/p>\n

Michigan<\/h2>\n

City<\/strong>: Roseville<\/p>\n

1-Year Change in Median Rent<\/strong>: 22.2%<\/p>\n

March 2022 Rent<\/strong>: $1,088<\/p>\n

March 2023 Rent<\/strong>: $1,329<\/p>\n

Minnesota<\/h2>\n

City<\/strong>: Sartell<\/p>\n

1-Year Change in Median Rent<\/strong>: 13%<\/p>\n

March 2022 Rent<\/strong>: $1,289<\/p>\n

March 2023 Rent<\/strong>: $1,456<\/p>\n

Mississippi<\/h2>\n

City<\/strong>: Oxford<\/p>\n

1-Year Change in Median Rent<\/strong>: 25%<\/p>\n

March 2022 Rent<\/strong>: $1,262<\/p>\n

March 2023 Rent<\/strong>: $1,577<\/p>\n

Missouri<\/h2>\n

City<\/strong>: Grandview<\/p>\n

1-Year Change in Median Rent<\/strong>: 12.9%<\/p>\n

March 2022 Rent<\/strong>: $1,250<\/p>\n

March 2023 Rent<\/strong>: $1,412<\/p>\n

Montana<\/h2>\n

City<\/strong>: Great Falls<\/p>\n

1-Year Change in Median Rent<\/strong>: 16.7%<\/p>\n

March 2022 Rent<\/strong>: $969<\/p>\n

March 2023 Rent<\/strong>: $1,131<\/p>\n

Nebraska<\/h2>\n

City<\/strong>: Bellevue<\/p>\n

1-Year Change in Median Rent<\/strong>: 13.8%<\/p>\n

March 2022 Rent<\/strong>: $1,138<\/p>\n

March 2023 Rent<\/strong>: $1,295<\/p>\n

Nevada<\/h2>\n

City<\/strong>: Reno<\/p>\n

1-Year Change in Median Rent<\/strong>: 1.6%<\/p>\n

March 2022 Rent<\/strong>: $1,849<\/p>\n

March 2023 Rent<\/strong>: $1,878<\/p>\n

New Hampshire<\/h2>\n

City<\/strong>: Dover<\/p>\n

1-Year Change in Median Rent<\/strong>: 13.6%<\/p>\n

March 2022 Rent<\/strong>: $1,763<\/p>\n

March 2023 Rent<\/strong>: $2,003<\/p>\n

New Jersey<\/h2>\n

City<\/strong>: Eatontown<\/p>\n

1-Year Change in Median Rent<\/strong>: 30.8%<\/p>\n

March 2022 Rent<\/strong>: $1,540<\/p>\n

March 2023 Rent<\/strong>: $2,014<\/p>\n

New Mexico<\/h2>\n

City<\/strong>: Rio Rancho<\/p>\n

1-Year Change in Median Rent<\/strong>: 10.3%<\/p>\n

March 2022 Rent<\/strong>: $1,572<\/p>\n

March 2023 Rent<\/strong>: $1,734<\/p>\n

New York<\/h2>\n

City<\/strong>: Binghamton<\/p>\n

1-Year Change in Median Rent<\/strong>: 27.9%<\/p>\n

March 2022 Rent<\/strong>: $1,266<\/p>\n

March 2023 Rent<\/strong>: $1,619<\/p>\n

North Carolina<\/h2>\n

City<\/strong>: Hampstead<\/p>\n

1-Year Change in Median Rent<\/strong>: 22.9%<\/p>\n

March 2022 Rent<\/strong>: $1,700<\/p>\n

March 2023 Rent<\/strong>: $2,090<\/p>\n

North Dakota<\/h2>\n

City<\/strong>: Minot<\/p>\n

1-Year Change in Median Rent<\/strong>: 10.6%<\/p>\n

March 2022 Rent<\/strong>: $772<\/p>\n

March 2023 Rent<\/strong>: $853<\/p>\n

Ohio<\/h2>\n

City<\/strong>: Elyria<\/p>\n

1-Year Change in Median Rent<\/strong>: 18.4%<\/p>\n

March 2022 Rent<\/strong>: $1,035<\/p>\n

March 2023 Rent<\/strong>: $1,226<\/p>\n

Oklahoma<\/h2>\n

City<\/strong>: Jenks<\/p>\n

1-Year Change in Median Rent<\/strong>: 12.9%<\/p>\n

March 2022 Rent<\/strong>: $1,662<\/p>\n

March 2023 Rent<\/strong>: $1,877<\/p>\n

Oregon<\/h2>\n

City<\/strong>: Oregon City<\/p>\n

1-Year Change in Median Rent<\/strong>: 18.3%<\/p>\n

March 2022 Rent<\/strong>: $1,671<\/p>\n

March 2023 Rent<\/strong>: $1,977<\/p>\n

Pennsylvania<\/h2>\n

City<\/strong>: Carlisle<\/p>\n

1-Year Change in Median Rent<\/strong>: 16.8%<\/p>\n

March 2022 Rent<\/strong>: $1,113<\/p>\n

March 2023 Rent<\/strong>: $1,300<\/p>\n

Rhode Island<\/h2>\n

City<\/strong>: East Providence<\/p>\n

1-Year Change in Median Rent<\/strong>: 14.9%<\/p>\n

March 2022 Rent<\/strong>: $1,587<\/p>\n

March 2023 Rent<\/strong>: $1,822<\/p>\n

South Carolina<\/h2>\n

City<\/strong>: Forest Acres<\/p>\n

1-Year Change in Median Rent<\/strong>: 26.3%<\/p>\n

March 2022 Rent<\/strong>: $999<\/p>\n

March 2023 Rent<\/strong>: $1,262<\/p>\n

South Dakota<\/h2>\n

City<\/strong>: Sioux Falls<\/p>\n

1-Year Change in Median Rent<\/strong>: 5.8%<\/p>\n

March 2022 Rent<\/strong>: $1,125<\/p>\n

March 2023 Rent<\/strong>: $1,190<\/p>\n

Tennessee<\/h2>\n

City<\/strong>: Red Bank<\/p>\n

1-Year Change in Median Rent<\/strong>: 12.3%<\/p>\n

March 2022 Rent<\/strong>: $1,503<\/p>\n

March 2023 Rent<\/strong>: $1,688<\/p>\n

Texas<\/h2>\n

City<\/strong>: Denison<\/p>\n

1-Year Change in Median Rent<\/strong>: 24.1%<\/p>\n

March 2022 Rent<\/strong>: $1,060<\/p>\n

March 2023 Rent<\/strong>: $1,315<\/p>\n

Utah<\/h2>\n

City<\/strong>: Logan<\/p>\n

1-Year Change in Median Rent<\/strong>: 32.7%<\/p>\n

March 2022 Rent<\/strong>: $976<\/p>\n

March 2023 Rent<\/strong>: $1,295<\/p>\n

Vermont<\/h2>\n

City<\/strong>: Burlington<\/p>\n

1-Year Change in Median Rent<\/strong>: 15.6%<\/p>\n

March 2022 Rent<\/strong>: $1,721<\/p>\n

March 2023 Rent<\/strong>: $1,988<\/p>\n

Virginia<\/h2>\n

City<\/strong>: Chesterfield<\/p>\n

1-Year Change in Median Rent<\/strong>: 32.3%<\/p>\n

March 2022 Rent<\/strong>: $1,337<\/p>\n

March 2023 Rent<\/strong>: $1,769<\/p>\n

Washington<\/h2>\n

City<\/strong>: Marysville<\/p>\n

1-Year Change in Median Rent<\/strong>: 93.2%<\/p>\n

March 2022 Rent<\/strong>: $1,199<\/p>\n

March 2023 Rent<\/strong>: $2,316<\/p>\n

West Virginia<\/h2>\n

City<\/strong>: Charleston<\/p>\n

1-Year Change in Median Rent<\/strong>: 8.6%<\/p>\n

March 2022 Rent<\/strong>: $776<\/p>\n

March 2023 Rent<\/strong>: $843<\/p>\n

Wisconsin<\/h2>\n

City<\/strong>: Middleton<\/p>\n

1-Year Change in Median Rent<\/strong>: 16.7%<\/p>\n

March 2022 Rent<\/strong>: $1,357<\/p>\n

March 2023 Rent<\/strong>: $1,583<\/p>\n

Wyoming<\/h2>\n

City<\/strong>: Laramie<\/p>\n

1-Year Change in Median Rent<\/strong>: 15.1%<\/p>\n

March 2022 Rent<\/strong>: $766<\/p>\n

March 2023 Rent<\/strong>: $881<\/p>\n

Table of the Cities Where Rent Has Increased the Most<\/h2>\n

Below is a table detailing the city in each of the 50 states where rent has increased the most from March 2022 to March 2023. The table is in alphabetical order, but there is a rank column in which the lower the number, the greater the year-over-year growth in rent.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After the homebuying hysteria of 2021 and the first half of 2022 was cooled off by rising interest rates, one of the knock-on effects has been an increase in the cost of rent. This is understandable as rising mortgage rates pushed homeownership beyond affordability for many Americans, who then in turn, have resorted to renting. […]<\/p>\n","protected":false},"author":1,"featured_media":1538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-1537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"yoast_head":"\nCities Where Rent Has Risen The Most In Every State | iFintechWorld<\/title>\n<meta name=\"description\" content=\"After the homebuying hysteria of 2021 and the first half of 2022 was cooled off by rising interest rates, one of the knock-on effects has been an increase\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=1537\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cities Where Rent 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