Rents Rise Fastest in Mid-Sized Cities, New Data Shows

The big cities grabbed the headlines. The sharpest increases are happening in places with populations under 400,000.

Rents Rise Fastest in Mid-Sized Cities, New Data Shows
Photo: Patricia Brach / Wikimedia Commons

The latest rental data contains a surprise: the fastest growth is not in the largest cities, but in the mid-sized ones, where wages are lower and affordable housing is scarcer.

In 31 mid-sized cities, rents rose by more than 11 percent over the past year, nearly double the national average.

Economists point to remote work, which has allowed people to move to cheaper places, and to a shortage of new construction. The people most affected, they say, are those who were already there.