After the homebuying hysteria of 2021 and the primary half of 2022 was cooled off by rising rates of interest, one of many knock-on results has been a rise in the price of hire. That is comprehensible as rising mortgage charges pushed homeownership past affordability for a lot of Individuals, who then in flip, have resorted to renting. And, certainly, the typical value of hire has elevated throughout the USA, in cities each massive and small, over the course of the final 12 months.

Utilizing knowledge sourced from Zillow, particularly its Zillow Noticed Lease Index (ZORI) — a smoothed measure of the standard market price hire for a given area — we went state by state and recognized the cities the place hire has elevated essentially the most year-over-year.

Learn on for a full breakdown of the cities in each state the place the price of hire has elevated essentially the most from 2022 to 2023.

Cities The place Lease Has Risen the Most in Each State

The cities that comprise our listing are fairly numerous. Some cities are main city facilities, equivalent to Cell, Alabama, Portland, Maine, or Sioux Falls, South Dakota. In different circumstances, the cities could also be fairly small. One other attribute is the wide selection of the year-over-year will increase in hire, from as small as 1.6% om Reno, Nevada, to 93.2% in Marysville, Washington.

Right here’s the rundown on the town in every state with the most important improve in hire from March 2022 to March 2023:

Alabama

Metropolis: Cell

1-12 months Change in Median Lease: 13%

March 2022 Lease: $1,032

March 2023 Lease: $1,166

Alaska

Metropolis: Anchorage

1-12 months Change in Median Lease: 9.9%

March 2022 Lease: $1,500

March 2023 Lease: $1,677

Arizona

Metropolis: Fountain Hills

1-12 months Change in Median Lease: 14.8%

March 2022 Lease: $2,226

March 2023 Lease: $2,556

Arkansas

Metropolis: Cabot

1-12 months Change in Median Lease: 37.4%

March 2022 Lease: $918

March 2023 Lease: $1,261

California

Metropolis: Orinda

1-12 months Change in Median Lease: 28.6%

March 2022 Lease: $4,096

March 2023 Lease: $5,266

Colorado

Metropolis: Manitou Springs

1-12 months Change in Median Lease: 11.7%

March 2022 Lease: $1,231

March 2023 Lease: $1,376

Connecticut

Metropolis: Waterbury

1-12 months Change in Median Lease: 21.1%

March 2022 Lease: $1,149

March 2023 Lease: $1,392

Delaware

Metropolis: Newark

1-12 months Change in Median Lease: 10.1%

March 2022 Lease: $1,759

March 2023 Lease: $1,936

Florida

Metropolis: St. Pete Seaside

1-12 months Change in Median Lease: 53.3%

March 2022 Lease: $1,802

March 2023 Lease: $2,763

Georgia

Metropolis: Griffin

1-12 months Change in Median Lease: 28%

March 2022 Lease: $1,095

March 2023 Lease: $1,402

Hawaii

Metropolis: Kaneohe

1-12 months Change in Median Lease: 15.2%

March 2022 Lease: $2,491

March 2023 Lease: $2,870

Idaho

Metropolis: Pocatello

1-12 months Change in Median Lease: 14.6%

March 2022 Lease: $878

March 2023 Lease: $1,007

Illinois

Metropolis: Regular

1-12 months Change in Median Lease: 23.8%

March 2022 Lease: $960

March 2023 Lease: $1,189

Indiana

Metropolis: South Bend

1-12 months Change in Median Lease: 16.8%

March 2022 Lease: $1,079

March 2023 Lease: $1,261

Iowa

Metropolis: Waukee

1-12 months Change in Median Lease: 9.9%

March 2022 Lease: $1,264

March 2023 Lease: $1,389

Kansas

Metropolis: Hutchinson

1-12 months Change in Median Lease: 14.1%

March 2022 Lease: $545

March 2023 Lease: $621

Kentucky

Metropolis: Covington

1-12 months Change in Median Lease: 11.4%

March 2022 Lease: $1,317

March 2023 Lease: $1,468

Louisiana

Metropolis: Ruston

1-12 months Change in Median Lease: 10.4%

March 2022 Lease: $1,144

March 2023 Lease: $1,263

Maine

Metropolis: Portland

1-12 months Change in Median Lease: 9.4%

March 2022 Lease: $2,024

March 2023 Lease: $2,215

Maryland

Metropolis: Chevy Chase

1-12 months Change in Median Lease: 16%

March 2022 Lease: $2,031

March 2023 Lease: $2,356

Massachusetts

Metropolis: Springfield

1-12 months Change in Median Lease: 22.5%

March 2022 Lease: $1,305

March 2023 Lease: $1,599

Michigan

Metropolis: Roseville

1-12 months Change in Median Lease: 22.2%

March 2022 Lease: $1,088

March 2023 Lease: $1,329

Minnesota

Metropolis: Sartell

1-12 months Change in Median Lease: 13%

March 2022 Lease: $1,289

March 2023 Lease: $1,456

Mississippi

Metropolis: Oxford

1-12 months Change in Median Lease: 25%

March 2022 Lease: $1,262

March 2023 Lease: $1,577

Missouri

Metropolis: Grandview

1-12 months Change in Median Lease: 12.9%

March 2022 Lease: $1,250

March 2023 Lease: $1,412

Montana

Metropolis: Nice Falls

1-12 months Change in Median Lease: 16.7%

March 2022 Lease: $969

March 2023 Lease: $1,131

Nebraska

Metropolis: Bellevue

1-12 months Change in Median Lease: 13.8%

March 2022 Lease: $1,138

March 2023 Lease: $1,295

Nevada

Metropolis: Reno

1-12 months Change in Median Lease: 1.6%

March 2022 Lease: $1,849

March 2023 Lease: $1,878

New Hampshire

Metropolis: Dover

1-12 months Change in Median Lease: 13.6%

March 2022 Lease: $1,763

March 2023 Lease: $2,003

New Jersey

Metropolis: Eatontown

1-12 months Change in Median Lease: 30.8%

March 2022 Lease: $1,540

March 2023 Lease: $2,014

New Mexico

Metropolis: Rio Rancho

1-12 months Change in Median Lease: 10.3%

March 2022 Lease: $1,572

March 2023 Lease: $1,734

New York

Metropolis: Binghamton

1-12 months Change in Median Lease: 27.9%

March 2022 Lease: $1,266

March 2023 Lease: $1,619

North Carolina

Metropolis: Hampstead

1-12 months Change in Median Lease: 22.9%

March 2022 Lease: $1,700

March 2023 Lease: $2,090

North Dakota

Metropolis: Minot

1-12 months Change in Median Lease: 10.6%

March 2022 Lease: $772

March 2023 Lease: $853

Ohio

Metropolis: Elyria

1-12 months Change in Median Lease: 18.4%

March 2022 Lease: $1,035

March 2023 Lease: $1,226

Oklahoma

Metropolis: Jenks

1-12 months Change in Median Lease: 12.9%

March 2022 Lease: $1,662

March 2023 Lease: $1,877

Oregon

Metropolis: Oregon Metropolis

1-12 months Change in Median Lease: 18.3%

March 2022 Lease: $1,671

March 2023 Lease: $1,977

Pennsylvania

Metropolis: Carlisle

1-12 months Change in Median Lease: 16.8%

March 2022 Lease: $1,113

March 2023 Lease: $1,300

Rhode Island

Metropolis: East Windfall

1-12 months Change in Median Lease: 14.9%

March 2022 Lease: $1,587

March 2023 Lease: $1,822

South Carolina

Metropolis: Forest Acres

1-12 months Change in Median Lease: 26.3%

March 2022 Lease: $999

March 2023 Lease: $1,262

South Dakota

Metropolis: Sioux Falls

1-12 months Change in Median Lease: 5.8%

March 2022 Lease: $1,125

March 2023 Lease: $1,190

Tennessee

Metropolis: Pink Financial institution

1-12 months Change in Median Lease: 12.3%

March 2022 Lease: $1,503

March 2023 Lease: $1,688

Texas

Metropolis: Denison

1-12 months Change in Median Lease: 24.1%

March 2022 Lease: $1,060

March 2023 Lease: $1,315

Utah

Metropolis: Logan

1-12 months Change in Median Lease: 32.7%

March 2022 Lease: $976

March 2023 Lease: $1,295

Vermont

Metropolis: Burlington

1-12 months Change in Median Lease: 15.6%

March 2022 Lease: $1,721

March 2023 Lease: $1,988

Virginia

Metropolis: Chesterfield

1-12 months Change in Median Lease: 32.3%

March 2022 Lease: $1,337

March 2023 Lease: $1,769

Washington

Metropolis: Marysville

1-12 months Change in Median Lease: 93.2%

March 2022 Lease: $1,199

March 2023 Lease: $2,316

West Virginia

Metropolis: Charleston

1-12 months Change in Median Lease: 8.6%

March 2022 Lease: $776

March 2023 Lease: $843

Wisconsin

Metropolis: Middleton

1-12 months Change in Median Lease: 16.7%

March 2022 Lease: $1,357

March 2023 Lease: $1,583

Wyoming

Metropolis: Laramie

1-12 months Change in Median Lease: 15.1%

March 2022 Lease: $766

March 2023 Lease: $881

Desk of the Cities The place Lease Has Elevated the Most

Beneath is a desk detailing the town in every of the 50 states the place hire has elevated essentially the most from March 2022 to March 2023. The desk is in alphabetical order, however there’s a rank column by which the decrease the quantity, the better the year-over-year progress in hire.