Posted September 25, 2009 by RentJungle

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
1Louisville7297567594.1%
2Anchorage1,2021,2131,2332.6%
3Detroit8508628651.7%
4Orlando9309509441.5%
5Nashville1,0091,0031,0231.4%
6Chicago1,5971,5921,6141.0%
7Kansas City8198178250.7%
8Miami1,5101,5051,5130.3%
9Omaha7727767730.2%
10Salt Lake City9499369510.2%

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
1Boston2,0151,9741,812-10.0%
2Tucson777749721-7.2%
3New Orleans1,1271,0771,066-5.4%
4Phoenix897872850-5.3%
5Albuquerque865859824-4.7%
6Milwaukee874849834-4.5%
7San Diego1,5381,4821,477-4.0%
8Charlotte947919911-3.9%
9Hartford997972963-3.4%
10Honolulu1,6051,5491,550-3.4%
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