--- title: 10 U.S. Cities Where Rent Is Finally Dropping description: Rent prices are dropping. See the 10 U.S. cities with the biggest year-over-year declines, offering much-needed relief. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter at Money who frequently covers news stories about housing topics including home buying, mortgage rates and homeowners insurance. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 602 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Katherine Peach role: Associate Editor url: https://money.com/author/katherine-peach/ bio: Katherine Peach is an associate editor with a focus on news and email at Money. She didn’t always intend to write about money. She’s a classically trained pianist who dreamed of becoming an archaeologist. However, in 2007 Katherine began working in financial publishing as an editor for Agora Inc. (Apparently, unearthing ideas about improving your personal finances isn’t such a bad career alternative!) Katherine’s writing and editing work has been featured in Investing Daily, Clever, Investor Junkie, The Palm Beach Letter, Truth & Plenty, Independence Monthly, NICHE, AmericanStyle, AntiqueWeek, Millennial Money, Money Done Right, TheStreet, Sure Dividend and many others. Katherine holds a Bachelor of Arts in Ancient Studies with concentrations in Archaeology and Ancient Languages and a minor in Literature from the University of Maryland, Baltimore County. She is a member of Phi Beta Kappa. education: University of Maryland, Baltimore County at_money_since: 2025 articles: 14 covers: - Housing - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes published: '2025-09-19T14:32:37.000Z' modified: '2025-09-19T14:32:37.000Z' section: Housing tags: - News word_count: 391 canonical: https://money.com/rent-prices-falling-10-cities/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Las Vegas](https://img.money.com/2025/09/News-TK-Cities-Lower-Rent.jpg) Rents are falling in most of the U.S., offering minor relief from high housing costs after a major run-up in prices from 2019 to 2022. In five markets, the median asking rent is down more than 5% in the past year, according to a Realtor.com [report](https://www.realtor.com/research/august-2025-rent/) Tuesday. At the top of the list: Denver (-7%). The Mountain West metropolis is followed by several Sun Belt cities, including Austin (-6.5%) and Phoenix (-6.2%). The downward trend across the U.S. is creating opportunities for renters to move to find better deals. "High rental prices have been a major factor keeping many renters in place, leading to lower mobility," the report said. "With asking rents declining over the past two years, renters now have greater incentives to relocate rather than stay put." ## Rent prices are falling, but remain elevated After peaking above $1,750 in August 2022, the median rent has since dropped by $46, or 2.6%, to $1,713 for 0-2 bedroom units. Rent prices are finally cooling amid a "surge in new supply," the report said. Still, it's a small decline in comparison to the spike that preceded it. Prices [boomed](https://money.com/rent-increases-break-records-13-months/) during the pandemic due to a shortage of rental properties and increases in home prices. Compared to 2019, the median rent is up 17% (or $249 per month). Some cities have experienced steep rent declines since August 2022. "In particular, rents in Las Vegas, Nevada (-13.6%), Atlanta, Georgia (-13.6%), and Austin, Texas (-13.4%), are seeing the largest declines from their peaks, highlighting prime opportunities in these markets," the report said. ## 10 cities where rents are dropping fast August was the first month since March that rents dropped, likely "signaling the start of the rental market’s seasonal slowdown," according to the report, which documented rent trends in the 50 largest metro statistical areas. Here are the top 10 cities where median rents prices are dropping: 1. Denver, Colorado: $1,785 (-7% year-over-year) 2. Austin, Texas: $1,436 (-6.5%) 3. Phoenix, Arizona: $1,471 (-6.2%) 4. Raleigh, North Carolina: $1,471 (-5.9%) 5. Nashville, Tennessee: $1,515 (-5.1%) 6. San Diego, California: $2,720 (-4.9%) 7. Jacksonville, Florida: $1,482 (-4.9%) 8. Riverside, California: $2,089 (-4.8%) 9. Las Vegas, Nevada: $1,443 (-4.6%) 10. Louisville, Kentucky: $1,242 (-4.2%) ## Buy your home with more convenience and less hassle ![View Rates](https://s3.consumersadvocate.org/prd/image/image/38130/medium_29a2a129-cf1d-4fcb-a92d-901b0c9bf0f6.webp) Our Partner [View Rates](https://money.com/go/e8b4f21605d6?bidid=4125383902&pmeta=p129-c488-u36862&ptid=671742115&ptoken=c8a5b5d8e8667a6fc3cf7459564d4f2f) ![View Rates](https://s3.consumersadvocate.org/prd/image/image/39711/medium_85521de9-b6c5-4b35-a129-169c217d0287.webp) Our Partner [View Rates](https://money.com/go/de17302f3cbf?bidid=4125383907&pmeta=p129-c488-u36862&ptid=671742115&ptoken=071ad2a8d4e69b043bc4a019783206ab) ![View Rates](https://s3.consumersadvocate.org/prd/image/image/34120/medium_4ba40e39-00f6-4f3e-9a12-67943aa4166f.webp) Our Partner [View Rates](https://money.com/go/c3dbab178d1c?bidid=4125383905&pmeta=p129-c488-u36862&ptid=671742115&ptoken=046afc32922ef355492e2c63b5b6d493) ![](https://s3.consumersadvocate.org/prd/image/image/26681/medium_57f09f10-efb8-487d-a73e-5f7d605144eb.png) Imagine finally owning your dream home — Rocket Mortgage (NMLS #3030) can help! [View Rates](https://money.com/pr/t39f99e0e0ab?ap_referrer=%2Frent-prices-falling-10-cities%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/rent-prices-falling-10-cities/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Renting", "item": "https://money.com/renting/" }, { "@type": "ListItem", "position": 4, "name": "10 U.S. Cities Where Rent Is Finally Dropping" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/rent-prices-falling-10-cities/#webpage", "url": "https://money.com/rent-prices-falling-10-cities/", "name": "10 U.S. Cities Where Rent Is Finally Dropping", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2025-09-19T14:32:37.000Z", "mainEntity": { "@id": "https://money.com/rent-prices-falling-10-cities/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/rent-prices-falling-10-cities/#breadcrumb" }, "dateModified": "2025-09-19T14:32:37.000Z" }, { "@type": "NewsArticle", "headline": "10 U.S. Cities Where Rent Is Finally Dropping", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2025/09/News-TK-Cities-Lower-Rent.jpg", "width": 2880, "height": 1920, "caption": "News-TK-Cities-Lower-Rent" } ], "author": [ { "@type": "Person", "name": "Pete Grieve", "url": "https://money.com/author/pete-grieve/", "@id": "https://money.com/author/pete-grieve/#author", "description": "Pete Grieve is a personal finance reporter at Money who frequently covers news stories about housing topics including home buying, mortgage rates and homeowners insurance.", "image": "https://img.money.com/2023/02/peter.png?w=350&h=430&crop=1", "email": "peter.grieve@money.com", "jobTitle": "Lead News Reporter", "alumniOf": "University of Chicago, BA Political Science", "sameAs": [ "https://twitter.com/pete_grieve", "https://linkedin.com/in/pete-grieve-b5aa02138", "https://www.facebook.com/petegrieve4" ], "worksFor": { "@id": "https://money.com/#organization" } } ], "publisher": "https://money.com/#organization", "datePublished": "2025-09-19T14:32:37.000Z", "description": "Rent prices are dropping. See the 10 U.S. cities with the biggest year-over-year declines, offering much-needed relief.", "abstract": "Rent prices are dropping. See the 10 U.S. cities with the biggest year-over-year declines, offering much-needed relief.", "@id": "https://money.com/rent-prices-falling-10-cities/", "inLanguage": "en-US", "dateModified": "2025-09-19T14:32:37.000Z", "editor": [ { "@type": "Person", "name": "Katherine Peach", "url": "https://money.com/author/katherine-peach/", "@id": "https://money.com/author/katherine-peach/#author", "description": "Katherine Peach is an associate editor with a focus on news and email at Money. She didn’t always intend to write about money. She’s a classically trained pianist who dreamed of becoming an archaeologist. However, in 2007 Katherine began working in financial publishing as an editor for Agora Inc. (Apparently, unearthing ideas about improving your personal finances isn’t such a bad career alternative!)\r\n\r\nKatherine’s writing and editing work has been featured in Investing Daily, Clever, Investor Junkie, The Palm Beach Letter, Truth & Plenty, Independence Monthly, NICHE, AmericanStyle, AntiqueWeek, Millennial Money, Money Done Right, TheStreet, Sure Dividend and many others.\r\n\r\nKatherine holds a Bachelor of Arts in Ancient Studies with concentrations in Archaeology and Ancient Languages and a minor in Literature from the University of Maryland, Baltimore County. She is a member of Phi Beta Kappa.", "jobTitle": "Associate Editor", "alumniOf": "University of Maryland, Baltimore County", "worksFor": { "@id": "https://money.com/#organization" } } ], "wordCount": 391, "keywords": [ "News" ], "about": [ { "@type": "Thing", "name": "Housing in the United States", "sameAs": [ "https://en.wikipedia.org/wiki/Housing_in_the_United_States" ] }, { "@type": "Thing", "name": "Renting", "sameAs": [ "https://en.wikipedia.org/wiki/Renting" ] } ] } ] } ```