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These Are the 7  U.S. Cities Where Rental Prices Are Dropping the Most

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Las Vegas

Median rent price: $1,531 Year-over-year change: -6.0% Rent prices in Las Vegas have dropped by 6.0% year-over-year, offering some relief to renters in the area.

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Riverside, Calif.

Median rent price: $2,302 Year-over-year change: -5.9% Riverside, California, has seen a 5.9% decrease in median rent prices, making it more affordable for renters.

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Phoenix

Median rent price: $1,663 Year-over-year change: -5.7% Renters in Phoenix benefit from a 5.7% decrease in median rent prices, providing some financial relief.

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Austin, Texas

Median rent price: $1,641 Year-over-year change: -5.6% Austin, Texas, has experienced a 5.6% drop in median rent prices, offering renters more affordable options.

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Tampa, Fla.

Median rent price: $1,793 Year-over-year change: -4.0% Tampa, Florida, has seen a 4.0% decrease in median rent prices, providing some relief to renters in the area.

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Charlotte, N.C.

Median rent price: $1,576 Year-over-year change: -3.5% Rent prices in Charlotte, North Carolina, have dropped by 3.5% year-over-year, making it a more affordable option for renters.

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Atlanta

Median rent price: $1,660 Year-over-year change: -3.1% Atlanta has experienced a 3.1% decrease in median rent prices, offering some financial relief to renters in the city.