- In 2019, rent prices in some cities went up, while some cities saw decreases in rent.
- Newark, New Jersey; Miami , Florida; and Phoenix, Arizona, all saw rent prices increase by more than 20% in 2019.
- But rent prices in Virginia Beach, Virginia; Wichita, Kansas; and New Orleans, Louisiana, decreased by at least 10% last year.
- Visit Business Insider's homepage for more stories .
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10 US cities where rent for a one-bedroom apartment is increasing the most — and 10 cities where it's decreasing
Tom Williams/ Getty
Last year, rent for a one-bedroom apartment in Newark, New Jersey, rose by 42.8%.
Every year, rent prices fluctuate across the US.
Apartment Guide's 2020 Annual Rent Report looked at data from across the US to find which cities saw the greatest increases in rent in 2019 and which saw the greatest decreases.
Keep reading to see how rent prices are changing in cities closest to you.
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See Also:
- US renters paid around $4.5 trillion in rent over the past decade and New York City renters have been leading the list for 15 years in a row
- I spent a morning in the richest town on the East Coast, a scenic village 35 minutes from NYC where the average household income is $417,000. Here's what it looks like.
- Jeff Bezos has spent millions on real estate across the US. Here's a look at his lavish properties, from a Seattle estate to an $80 million spread of NYC apartments.
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