New Orleans Downtown Skyline
Does it feel like rent prices get higher and higher every year? You’re not far off. According to a report from RealPage, rent rates have been rising nationwide by about 2.6% every year for the last eight years.
But don’t despair! There’s hope for cheaper rent out there if you’re brave enough to make the move. Here are the top U.S. cities where rent is decreasing.
New Orleans, LA
- Change in Rent from 2017: -1.9%
- Median 1-BR Apartment Rent: $796
- Median 2-BR Apartment Rent: $964
The magic of Bourbon Street and the French Quarter could be yours for good! New Orleans is famous for its jazz music, Cajun food, and great nightlife. Once you head down to the bayou and see these rent prices, you’ll never want to leave.
Chicago, IL
- Change in Rent from 2017: -0.9%
- Median 1-BR Apartment Rent: $1,079
- Median 2-BR Apartment Rent: $1,269
Looking for a big city move? Chicago is the third most populous city in the U.S.! Residents of the Windy City love sports, parks, and, of course, Chicago-style hot dogs. Is it time for a metropolitan adventure that won’t break the bank?
Check out our Chicago Moving Guide!
Pittsburgh, PA
- Change in Rent from 2017: -0.6%
- Median 1-BR Apartment Rent: $729
- Median 2-BR Apartment Rent: $912
The Economist’s Global Liveability Ranking placed Pittsburgh as either the first- or second-most liveable city in the U.S. in 2005, 2009, 2011, 2012, and 2014. With rent getting lower and lower in Pittsburgh, it’s not hard to see why!
Portland, OR
- Change in Rent from 2017: -1.2%
- Median 1-BR Apartment Rent: $1,136
- Median 2-BR Apartment Rent: $1,341
It takes all types of people to make up a city, and that’s precisely what makes Portland so great. Residents enjoy craft beer, plenty of outdoor activities, and a great artistic community. For those looking to bike everywhere, start a flannel collection, and pay less in rent, Portland is the place for you.
Seattle, WA
- Change in Rent from 2017: -1.6%
- Median 1-BR Apartment Rent: $1,346
- Median 2-BR Apartment Rent: $1,676
Home of the grunge movement of the ‘90s and the headquarters of some of the biggest tech companies in the world, Seattle is experiencing lower rent rates thanks to the boom in housing development. Snag a new Seattle apartment soon for cheap rent!
St. Louis, MO
- Change in Rent from 2017: -0.3%
- Median 1-BR Apartment Rent: $716
- Median 2-BR Apartment Rent: $929
Saint Louisans take pride in their baseball, Budweiser, Bread Co., Ted Drewes Frozen Custard, free zoo, and city museums. Come see why you should be packing your bags and moving to a low rent apartment under that famous Arch!
Nashville, TN
- Change in Rent from 2017: -0.9%
- Median 1-BR Apartment Rent: $914
- Median 2-BR Apartment Rent: $1,123
Music City is about more than hot chicken and country music (though both are tough to beat!). Nashville boasts a thriving nightlife, wonderful parks, and a flourishing art scene. It’s also among the fastest growing cities in the U.S.!
Ready to make your move and start saving on rent in one of these cities? Find the perfect apartment in your ideal neighborhood for the price you want, with ApartmentSearch. Then, use your extra cash to furnish your new apartment with CORT furniture rental. CORT will deliver the furniture you need to your door and put it where you want it. Never let furniture (or funds) bog you down again!
Source: blog.apartmentsearch.com