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If you fear having to pay the rent The first of each month, you are certainly not alone. Half of tenants in the United States fighting to afford Their rent right now, according to the Joint Center for Housing Studies from Harvard University. But the piece of change that you are forced to put on monthly can change considerably depending on where you live. THE January 2024 Rent report of the Research Technology Company. revealed that the annual rent prices continued to decrease nationally in December, certain cities having noted serious savings.

According to their research, the national median price of an apartment is now $ 1,964, which makes this in the third consecutive month that the median rent prices dropped below $ 2,000.

"The drop in modest prices in December signals a return to normality on the market after the pandemic", rent. author Anthony Gardner writing.

Of course, rents do not fall everywhere . If you live in cities like New York or Los Angeles, you certainly feel the burden of higher prices. But some regions have experienced significant drops: read the rest to discover the 15 major American cities where the rent falls most today.

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Annual decline in rent prices: 5.36%

Of the 15 American cities in the United States where the rent drops the most, the Metropolitan Region of Louisville in Kentucky may not have the greatest annual decline, but it do have the cheapest median rent. The rent requested in the county of Louisville / Jefferson is currently $ 1,267, a decrease of 5.36% compared to the previous year.

Annual decline in rent prices: 5.60%

The current median rent in Dallas is $ 2,012. Although it may still be a little higher than many can afford, a Recent analysis of Zillow have discovered that more owners in this region offer incentives such as free rent months or free parking in order to attract new tenants, Axios reported.

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Annual decline in rent prices: 6.04%

The median requesting the rent price in New Orleans dropped 6.04% in annual shift to $ 1,646. The city was also called the best place for those looking to to buy a house , according to researchers from Florida Atlantic University and Florida International University.

Annual decline in rent prices: 6.19%

Further north, costs also drop to Cleveland. The rent requested in this city is now $ 1,471, which represents an annual drop of 6.19%.

Annual decline in rent prices: 6.52% AE0FCC31AE342FD3A1346EBB1F342FCB

If you want to move to Nashville, it's time. The median rent is currently down 6.52% to $ 1,962, but experts say you can probably find much cheaper places than that.

"Now, this is an excellent opportunity for all Nashville tenants to take advantage of the special offers and offers that are offered, because it can be some time before reviewing this type of environment", " Joel Sanders , the founder and CEO of Insiders Impected, said local ABC-Affiliate in a local WKRN in a recent interview .

Annual decline in rent prices: 6.65%

The cities of California are not known for their affordability. But in August 2023, Rent prices have decreased In Sacramento for the first time in 13 years, Fox40 reported. Now, rent research indicates that the rent from one year to the other in the city dropped by 6.65% in December at a requested median price of $ 2,537.

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Annual decline in rent prices: 6.72%

Also on the west coast, the Portland rent also falls. The city experienced a percentage of percentage of -6.72 glove on the other in December, the current rent of $ 2,302.

Annual decline in rent prices: 7.67%

Miami was the Hottest rental market In the United States, last year, according to Rentcafe. But its prices also dropped during the year, down 7.67% to $ 2,915 in December, according to rent research.

Annual decline in rent prices: 7.69%

The rent price requested from Denver decreased by 7.69% to $ 2,546 in the past year - and it seems that it is a place where people also want to live. Rentcafe discovered that Denver was the fifth most sought after destination For tenants in the United States in August 2023, Denverite reported.

Annual decline in rent prices: 7.75%

Joining Nashville, the median rent also dropped in Memphis last December. The variation from one year to the next was -7.75%, which increased the cost to $ 1,402.

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Annual decline in rent prices: 8.74%

The rent requested from Houston is currently $ 1,592, down 8.74% per year. This city also has the fourth The lowest subsistence costs Among the most populous American metropolitan areas, according to the C2ER Cost of Living index.

Annual decline in rent prices: 9.27%

Most of us see Las Vegas as a vacation spot, but it actually becomes more affordable for tenants. The median rent from one year to another dropped 9.27% in December to $ 1,638.

Annual decline in rent prices: 12.18%

If you are looking to live in North Carolina, you may want to consider Raleigh. This city experienced a significant drop of 12.18% on an annual basis, so the median rent is now only $ 1,873.

Annual decline in rent prices: 12.53%

A third Texas City joined the ranks of major American cities where the rent goes the most. Austin experienced a variation in rent of -12.53% in annual shift, which reduces the median cost to $ 1,985.

Annual decline in rent prices: 20.75 percent

But where do rents fall the most in the country? Salt Lake City, where prices have "dropped sharply" with a shocking annual drop of 20.75%. As a result, the rent requested from Salt Lake City is currently $ 1,788.

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