Apartment Guide recently studied rents across the country to check out where the highest increases are and by how much year-to-year. The researchers broke down the numbers by price trends for the country’s 100 most populated cities.The results—Almost three-quarters of the cities showed rent price increases. With Newark scoring the highest at 30 percent.
“The major surprises for me from the research was the Newark percentage increase. Cleveland’s rents also headed upwards,” notes Apartment Guide’s Managing Director Brian Carberry. “An ongoing trend we are seeing is younger people who want to live in big cities going back to dorm-style living. Today about a third of renters are living with roommates,” he adds.
Here’s the list of the top ten cities with the steepest rent increases from number ten to one. Sacramento, California, Fort Worth, Texas, Long Beach, California, Cleveland, Ohio, Albuquerque, New Mexico, Fort Wayne, Indiana, North Las Vegas, Nevada, Anchorage, Alaska, Stockton, California, and Newark New Jersey.