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10 Markets Where Rents Are Rising Most

Home House Canary
July 29, 2017, 12 am
Reading Time: 1 min read
Overlooking Medford neighborhood with Boston downtown in the background at night.

Overlooking Medford neighborhood with Boston downtown in the background at night.

No two housing markets are alike—rents included. A recent analysis by GOBankingRates identifies the markets where rents have risen the most year-over-year, with two states dominating the ranking:

1. Marina del Ray, Calif.
May 2016 Rent: $2,800
May 2017 Rent: $3,241.50
Year-Over-Year Rent Rise: $441.50

2. Medford, Mass.
May 2016 Rent: $1,600
May 2017 Rent: $2,005
YoY Rent Rise: $405

3. Jersey City, N.J.
May 2016 Rent: $1,950
May 2017 Rent: $2,235
YoY Rent Rise: $285

4. Columbia, Md.
May 2016 Rent: $1,335
May 2017 Rent: $1,612
YoY Rent Rise: $277

5. Corona, Calif.
May 2016 Rent: $1,238
May 2017 Rent: $1,511.50
YoY Rent Rise: $273.50

6. Euless, Texas
May 2016 Rent: $795
May 2017 Rent: $1,049
YoY Rent Rise: $254

7. Phoenix, Ariz.
May 2016 Rent: $850
May 2017 Rent: $1,084.50
YoY Rent Rise: $234.50

8. Foster City, Calif.
May 2016 Rent: $2,741
May 2017 Rent: $2,968
YoY Rent Rise: $227

9. Newark, N.J.
May 2016 Rent: $880
May 2017 Rent: $1,100
YoY Rent Rise: $220

10. Chula Vista, Calif.
May 2016 Rent: $1,440
May 2017 Rent: $1,659.50
YoY Rent Rise: $219.50

Source: GOBankingRates

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Tags: GOBankingRatesHot Rental MarketsHousing MarketRents
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Beth McGuire

Beth McGuire

Recently promoted to Vice President, Online Editorial, Beth McGuire oversees the editorial direction and content of RISMedia’s websites, and its daily, weekly and monthly newsletters. Through her two decades with the company, she has also contributed her range of editorial and creative skills to the company’s publications, content marketing platforms, events and more.

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