Home·Best of·US cities where rents are falling (positive for renters) Cities with population 50,000+ where median rent has dropped year over year. Negotiating power for tenants.
Rent dynamics often lag home prices. When YoY rents go negative, it usually means new supply has caught up with demand — or demand has weakened.
Renters in these markets have negotiating leverage on lease renewals; landlords are often willing to offer concessions to retain tenants.
1Cape Coral, FLCape Coral-Fort Myers · pop 233,02543Cooling$339,638median home-4.6%rent YoY 2Pinellas Park, FLTampa-St. Petersburg-Clearwater · pop 53,50346Cooling$301,910median home-4.5%rent YoY 3Cedar Park, TXAustin-Round Rock-Georgetown · pop 78,38032Declining$475,120median home-4.5%rent YoY 4Bradenton, FLNorth Port-Sarasota-Bradenton · pop 58,18446Cooling$351,711median home-4.0%rent YoY 5Denton, TXDallas-Fort Worth-Arlington · pop 165,99851Stable$354,100median home-4.0%rent YoY 6Celina, TXDallas-Fort Worth-Arlington · pop 51,66145Cooling$548,646median home-3.9%rent YoY 7Framingham, MABoston-Cambridge-Newton · pop 73,36159Stable$671,407median home-3.9%rent YoY 8North Port, FLNorth Port-Sarasota-Bradenton · pop 92,87544Cooling$302,463median home-3.8%rent YoY 9Kenner, LANew Orleans-Metairie · pop 64,65037Cooling$271,402median home-3.5%rent YoY 10Spring Hill, TNNashville-Davidson–Murfreesboro–Franklin · pop 59,39862Rising$523,432median home-3.4%rent YoY 11Fort Myers, FLCape Coral-Fort Myers · pop 99,91843Cooling$312,436median home-3.2%rent YoY 12Murray, UTSalt Lake City · pop 50,81761Stable$554,723median home-3.2%rent YoY 13Sarasota, FLNorth Port-Sarasota-Bradenton · pop 57,76445Cooling$413,424median home-3.1%rent YoY 14Largo, FLTampa-St. Petersburg-Clearwater · pop 82,33750Stable$336,182median home-3.1%rent YoY 15Clearwater, FLTampa-St. Petersburg-Clearwater · pop 116,81146Cooling$341,503median home-3.0%rent YoY 16Miramar, FLMiami-Fort Lauderdale-Pompano Beach · pop 143,24258Stable$518,584median home-2.9%rent YoY 17Allen, TXDallas-Fort Worth-Arlington · pop 113,74650Stable$502,170median home-2.8%rent YoY 18Laredo, TXLaredo · pop 261,26060Stable$221,806median home-2.8%rent YoY 19Homestead, FLMiami-Fort Lauderdale-Pompano Beach · pop 85,79657Stable$436,634median home-2.7%rent YoY 20Apopka, FLOrlando-Kissimmee-Sanford · pop 62,77759Stable$395,812median home-2.6%rent YoY 21Port Orange, FLDeltona-Daytona Beach-Ormond Beach · pop 66,55651Stable$336,859median home-2.6%rent YoY 22DeSoto, TXDallas-Fort Worth-Arlington · pop 56,71150Stable$325,077median home-2.6%rent YoY 23Austin, TXAustin-Round Rock-Georgetown · pop 993,58834Cooling$511,264median home-2.5%rent YoY 24Monterey Park, CALos Angeles-Long Beach-Anaheim · pop 57,99657Stable$931,623median home-2.5%rent YoY 25Sherman, TXSherman-Denison · pop 50,22951Stable$259,728median home-2.4%rent YoY 26Yucaipa, CARiverside-San Bernardino-Ontario · pop 54,46560Stable$575,091median home-2.2%rent YoY 27Compton, CALos Angeles-Long Beach-Anaheim · pop 91,12958Stable$637,625median home-2.1%rent YoY 28Pasadena, TXHouston-The Woodlands-Sugar Land · pop 149,61746Cooling$218,978median home-2.0%rent YoY 29Broomfield, CODenver-Aurora-Lakewood · pop 78,32353Stable$633,507median home-2.0%rent YoY 30New Braunfels, TXSan Antonio-New Braunfels · pop 116,47747Cooling$352,129median home-2.0%rent YoY 31Lancaster, CALos Angeles-Long Beach-Anaheim · pop 167,42653Stable$466,147median home-1.9%rent YoY 32San Antonio, TXSan Antonio-New Braunfels · pop 1,526,65650Stable$251,035median home-1.8%rent YoY 33Arvada, CODenver-Aurora-Lakewood · pop 121,87346Cooling$617,536median home-1.8%rent YoY 34Washington, DCWashington-Arlington-Alexandria · pop 702,25036Cooling$580,173median home-1.8%rent YoY 35Lakewood, CODenver-Aurora-Lakewood · pop 156,86847Cooling$575,076median home-1.8%rent YoY 36Killeen, TXKilleen-Temple · pop 160,61658Stable$220,846median home-1.7%rent YoY 37Pflugerville, TXAustin-Round Rock-Georgetown · pop 66,81934Cooling$378,016median home-1.7%rent YoY 38Denver, CODenver-Aurora-Lakewood · pop 729,01941Cooling$541,899median home-1.7%rent YoY 39Round Rock, TXAustin-Round Rock-Georgetown · pop 135,35940Cooling$411,570median home-1.6%rent YoY 40Glendale, AZPhoenix-Mesa-Chandler · pop 258,14352Stable$408,630median home-1.6%rent YoY 41Greeley, COGreeley · pop 114,36354Stable$421,363median home-1.6%rent YoY 42Tempe, AZPhoenix-Mesa-Chandler · pop 190,11455Stable$468,328median home-1.6%rent YoY 43Thornton, CODenver-Aurora-Lakewood · pop 146,68948Stable$505,085median home-1.6%rent YoY 44Wylie, TXDallas-Fort Worth-Arlington · pop 62,95449Stable$427,788median home-1.6%rent YoY 45Westminster, CODenver-Aurora-Lakewood · pop 115,30245Cooling$528,447median home-1.5%rent YoY 46Rocky Mount, NCRocky Mount · pop 54,54159Stable$188,398median home-1.5%rent YoY 47Goodyear, AZPhoenix-Mesa-Chandler · pop 118,18657Stable$470,432median home-1.5%rent YoY 48McKinney, TXDallas-Fort Worth-Arlington · pop 227,52649Stable$487,346median home-1.5%rent YoY 49Georgetown, TXAustin-Round Rock-Georgetown · pop 101,34441Cooling$430,900median home-1.5%rent YoY 50Carrollton, TXDallas-Fort Worth-Arlington · pop 135,45649Stable$408,531median home-1.5%rent YoY Sources: Zillow ZHVI, Zillow ZORI, US Census place population. Updated when source agencies publish revisions.
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