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April 25, 2014

5 Cities Where Rents Are Rising Most

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5 Cities Where Rents Are Rising Most

Rents continue to inch up, soaring more than 5 percent nationwide in the 12 months ending April 31. In some places, rents have increased by more than 15 percent in that time period. 

The following five metro areas have seen some of the biggest increases in rental prices — more than 10 percent — in the 12 months ending April 31, according to recently released data by Trulia:

1. Edison-New Brunswick, N.J.

Change in rent in 12 month period: Up 15.6 percent

2. San Francisco, Calif.

Change in rent in 12 month period: Up 13.2 percent

3. Miami, Fla.

Change in rent in 12 month period: Up 12.3 percent

4. Warren-Troy-Farmington Hills, Mich.

Change in rent in 12 month period: Up 11.8 percent

5. Indianapolis

Change in rent in 12 month period: Up 11.1 percent

Source: “Six Cities Where Rents Are Skyrocketing,” 24/7 Wall St. (May 4, 2012)

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