Rents Are Dropping in Major Cities

The October Rent Report from Apartment List revealed over 10% decreases in average rent in the cities of San Francisco, NYC, Seattle, Boston, San Jose, and WA D.C. Locally Apartment List reported rent in the city of Denver was down 5.2% last month versus October 2019. Smaller cities like Boise, Toledo, Chesapeake, Greensboro, and Reno are seeing the largest rent increases as people move to smaller more affordable cities. In CO Springs rents are up 5.1% year over year.