Aleksandr Belov
Author and editor of the ultramodern-hotels.com blog
US cities with the highest apartment rent growth from June 2021 to June 2022
The median cost of renting 1-bedroom apartments in New York showed the largest increase year-on-year. One-bedroom apartment rentals grew by 38.10% year-on-year (June 2021 to June 2022). In second place is the city of Miami in terms of year-over-year growth in rental prices for 1-bedroom apartments. The top three included the city of Nashville (+36.20%).
Here are the 10 U.S. cities where rents (1-bedroom apartments) spiked the most over 2022.
1. New York, NY
Average 1 bedroom rent price = $3,590/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
38.1%
2. Miami, FL
Average 1 bedroom rent price = $2,550/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
37.8%
3. Nashville, TN
Average 1 bedroom rent price = $1,730/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
36.2%
4. Tampa, FL
Average 1 bedroom rent price = $1,730/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
33.1%
5. Orlando, FL
Average 1 bedroom rent price = $1,700/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
32.8%
6. Austin, TX
Average 1 bedroom rent price = $1,550/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
31.4%
7. Mesa, AZ
Average 1 bedroom rent price = $1,350/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
31.1%
8. San Diego, CA
Average 1 bedroom rent price = $2,470/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
30.7%
9. Jacksonville, FL
Average 1 bedroom rent price = $1,280/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
30.6%
10. Knoxville, TN
Average 1 bedroom rent price = $1,170/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
30%
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