Rent growth has been harder to come by in most markets this year after two years of historic gains. With complete data not quite in for December, here is a look at the ten most expensive, and least expensive, markets as of the end of November with the corresponding year-to-date rent change for each. Only the 50 largest U.S. markets are included, and average effective rent refers to the average for a new resident.
| Market | Avg Effective Rent | Percent Change |
|---|---|---|
| NY - New York City | $3,105 | 2.8% |
| CA - San Francisco/Oakland | $2,844 | -0.8% |
| MA - Boston | $2,728 | 3.8% |
| CA - Los Angeles/OC | $2,725 | 1.6% |
| CA - San Diego | $2,705 | 2.3% |
| CA - Central Coast | $2,552 | 3.2% |
| FL - Miami/Fort Lauderdale | $2,442 | 2.0% |
| DC - Washington | $2,138 | 3.2% |
| CA - San Bernardino/Riverside | $2,138 | 0.4% |
| WA - Seattle | $2,076 | 0.0% |
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| Market | Avg Effective Rent | Percent Change |
|---|---|---|
| OK - Oklahoma City | $970 | 3.7% |
| OH - Cleveland/Akron | $1,146 | 4.7% |
| KY - Louisville | $1,175 | 3.4% |
| AL - Birmingham | $1,185 | 3.0% |
| NE - Omaha | $1,192 | 4.4% |
| AZ - Tucson | $1,196 | 1.2% |
| IN - Indianapolis | $1,233 | 4.6% |
| TX - San Antonio | $1,234 | -2.3% |
| OH - Cincinnati/Dayton | $1,266 | 5.9% |
| MI - Grand Rapids/Kalamazoo | $1,269 | 5.3% |
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