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U.S. cities where rent prices decreased the most in August


Across the U.S., rent prices continue to soar. But in a few select places, it’s decreasing.

That’s according to real estate site Zumper’s recently released national rent report for August 2022, which shows a continuation of record-high prices for one-bedroom apartments.

Zumper analyzed national rental data from over 1 million active listings in the U.S. to find the median asking rent in the 100 most populous cities.

New York City, unsurprisingly, saw a 46.7% year-over-year increase in one-bedroom rental prices. There were especially steep increases in a few smaller cities as well, such as Fresno, California, and Tulsa, Oklahoma, which saw year-over-year growth of 40% and 38.9%, respectively.

However, median rent prices did decrease in a few places. Here the five cities where it fell the most in August 2022.

1. Des Moines, Iowa 

Median rent price for a 1-bedroom apartment: $880

Month-over-month change in price: -6.4%

Year-over-year change in price: -12%

2. Anchorage, Alaska

Median rent price for a 1-bedroom apartment: $1,050

Month-over-month change in price: -6.3%

Year-over-year change in price: 1%

3. Chicago

Median rent price for a 1-bedroom apartment: $1,830

Month-over-month change in price: -6.2%

Year-over-year change in price: 26.20%

4. Irving, Texas

Median rent price for a 1-bedroom apartment: $1,390

Month-over-month change in price: -6.1%

Year-over-year change in price: 12.1%

5. Plano, Texas

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