Over the last 6 months, the average rent for an apartment had decreased by $40 to an average of $961 per month, a decrease of ~4%.

Wichita, Indianapolis, Miami all saw rent increases above 2%. The majority of cities, however, are still flat or decreasing. Oklahoma City, New York, Albuquerque, Portland, Louisville, Los Angeles, Dallas, Phoenix, Denver, and Nashville all posted declines from 7% to 9%.

“Despite these decreases, we are seeing some encouraging signs in the rental market,” says Rentjungle.com CEO Jon Pastor. “Looking at just January this year, rent nationwide is up 1% over December, which is a reversal in the overall 6 month trend.”

The following shows the price changes for the largest cities in the survey:

City	Jul-Aug Rent	Dec-Jan Rent	% Change	$ Change
Wichita	548	564	3%	16
Indianapolis	726	745	3%	19
Miami	1,503	1,540	2%	37
Memphis	803	808	1%	5
Pittsburgh	777	780	0%	3
Cleveland	753	755	0%	2
Tulsa	532	532	0%	0
San Antonio	747	736	-1%	-10
St. Louis	805	792	-2%	-13
Tampa	930	914	-2%	-16
Houston	1,009	989	-2%	-20
Bakersfield	716	699	-2%	-17
San Jose	1,494	1,458	-2%	-37
Columbus	775	754	-3%	-21
Austin	921	896	-3%	-25
Boston	1,973	1,915	-3%	-58
El Paso	557	538	-3%	-19
Honolulu	1,591	1,534	-4%	-57
Raleigh	845	814	-4%	-31
Baltimore	1,104	1,064	-4%	-40
Detroit	849	817	-4%	-32
Anaheim	1,454	1,398	-4%	-56
Colorado Springs	769	737	-4%	-32
Washington	1,647	1,575	-4%	-72
Tucson	769	733	-5%	-36
Las Vegas	958	913	-5%	-45
Atlanta	942	897	-5%	-45
Cincinnati	779	741	-5%	-37
Chicago	1,533	1,455	-5%	-79
Philadelphia	1,148	1,089	-5%	-59
Milwaukee	848	803	-5%	-44
Jacksonville	734	695	-5%	-38
Omaha	760	719	-5%	-40
Aurora	999	944	-5%	-54
Charlotte	900	850	-6%	-50
Kansas City	806	758	-6%	-49
Mesa	925	868	-6%	-57
Sacramento	1,015	949	-6%	-65
Oklahoma City	730	681	-7%	-49
New York	2,398	2,223	-7%	-175
Albuquerque	857	795	-7%	-63
Portland	1,028	953	-7%	-76
Louisville	729	674	-8%	-56
Los Angeles	1,667	1,539	-8%	-128
Dallas	1,176	1,082	-8%	-94
Phoenix	875	804	-8%	-71
Denver	1,033	944	-9%	-89
Nashville	987	900	-9%	-88

Rentjungle.com calculates these figures by analyzing over 1 million apartment ads a month. The goal of the site is to help users make more informed decisions.

“Difficulties in the real estate market didn’t push as many people into apartments as the industry would have expected,” says Rentjungle.com founder Rick Ferris. “Increases in families renting instead of buying were offset by existing renters taking on roommates or moving back with parents.”

ABOUT RENTJUNGLE

Rentjungle.com, is the most comprehensive rental listing site on the web. It works much like other search engines in that it scours the Internet to amass apartment listings from a variety of sites. Rentjungle.com employs innovate spidering technology that can detect both when new rentals come on the market and when rents for a particular property change. All of this data is analyzed and stored in order to keep users abreast of the latest happenings in the rental market. Trends can be tracked by city and by neighborhood, furthering the site’s value to users. Users can see searches on an easy, interactive map that links to satellite street views.

Tags: Albuquerque, Dallas, Denver, Indianapolis, Los Angeles, Louisville, Miami, National Data, New York, Oklahoma City, Phoenix, Portland, Rent Trends, Wichita