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The 10 places where rents are dropping fastest

By Melvin Backman
Published

The real estate listing service Redfin put together a list of U.S. metropolitan areas where rents are actually falling.

Check out which ones saw rents go down the most on a year-over-year basis in April.

10. Orlando, Florida

The median asking rent in the Orlando area is $1,811. On a month-to-month basis, rents were up 0.1% in April. On a year-over-year basis, rents were down 3.2%.

9. Tampa, Florida

The median asking rent in the Tampa area is $1,765. On a month-to-month basis, rents were down 1.9% in April. On a year-over-year basis, rents were down 4.3%.

8. Charlotte, North Carolina

The median asking rent in the Charlotte area is $1,499. On a month-to-month basis, rents were up 1.5% in April. A year-over-year basis, rents were down 4.5%.

7. Phoenix, Arizona

The median asking rent in the Phoenix area is $1,545. On a month-to-month basis, rents were up 1.8% in April. On a year-over-year basis, rents were down 4.6%.

6. San Diego, California

The median asking rent in the San Diego area is $2,909. On a month-to-month basis, rents were down 2.6% in April. On a year-over-year basis, rents were down 4.7%.

5. Miami, Florida

The median asking rent in the Miami area is $2,485. On a month-to-month basis, rents were up up 2.1% in April. On a year-over-year basis, rents were down 5%.

4. Jacksonville, Florida

The median asking rent in the Jacksonville area is $1,557. On a month-to-month basis, rents were up down 0.7% in April. On a year-over-year basis, rents were down 5.6%.

3. Nashville, Tennessee

The median asking rent in Nashville area is $1,599. On a month-to-month basis, rents were up 1.4% in April. On a year-over-year basis, rents were down 5.9%.

2. Austin, Texas

The median asking rent in the Austin area is $1,564. On a month-to-month basis, rents were down 4.9% in April. On a year-over-year basis, rents were down 6.6%.

1. Seattle, Washington

The median asking rent in the Seattle area is $2,072. On a month-to-month basis, rents were up 1.7% in April. On a year-over-year basis, rents were down 7.3%.

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