City Apartment Rent Price Trends – September, 2009 | Apartment Rent Data And Analysis

City Apartment Rent Price Trends – September, 2009

Comments |September 25th, 2009 in Apartment Rent Trends - By City

July to September saw a significant increase in rent of greater than 2% in Louisville (4.1%) and Anchorage (2.6%). Overall, six major cities saw a rent increase of 1% or greater:

Rent increase from July to September, 2009
Percent

average rent price increase by city

Rank	City	July	August	September	3 Month Change
1	Louisville	729	756	759	4.1%
2	Anchorage	1,202	1,213	1,233	2.6%
3	Detroit	850	862	865	1.7%
4	Orlando	930	950	944	1.5%
5	Nashville	1,009	1,003	1,023	1.4%
6	Chicago	1,597	1,592	1,614	1.0%
7	Kansas City	819	817	825	0.7%
8	Miami	1,510	1,505	1,513	0.3%
9	Omaha	772	776	773	0.2%
10	Salt Lake City	949	936	951	0.2%

Rent decreases were more prevalent across the board with all of the top 10 reporting rent decreases greater than 3%. 4 markets show rent decreases greater than 5%: Boston (10%), Tucson (7.2%), New Orleans (5.4%), Phoenix (5.3%), Albuquerque (4.7%):

Rent decreases from July to September, 2009
Percent

average rent price decreases by city

Rank	City	July	August	September	3 Month Change
1	Boston	2,015	1,974	1,812	-10.0%
2	Tucson	777	749	721	-7.2%
3	New Orleans	1,127	1,077	1,066	-5.4%
4	Phoenix	897	872	850	-5.3%
5	Albuquerque	865	859	824	-4.7%
6	Milwaukee	874	849	834	-4.5%
7	San Diego	1,538	1,482	1,477	-4.0%
8	Charlotte	947	919	911	-3.9%
9	Hartford	997	972	963	-3.4%
10	Honolulu	1,605	1,549	1,550	-3.4%