How Are Rent Prices Trending Spring 2024?

May 28, 2024

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min read

Executive Summary

Parcl Labs developed real-time rental price feeds to help you understand what's happening across US markets. You can read our white paper to learn more about the methodology.
We used the newly launched rental price feeds to analyze rental trends across 47 top US metros. Here's what we found:
- Ten markets are down over the last 30 days. Twelve markets are down year-over-year, and only two markets are down over the last four years.
- The top performers since 2020 are Providence (+54.93%), Cincinnati (+46.93%), North Port (+46.52%), and Tampa (+45.92%).
This report includes detailed statistics on rental trends for each market. You can also pull today's rental price feed for your market directly via the Parcl Labs API. Get started for free today.

Rental Market Analysis

What Are Spring 2024 Rent Trends in Atlanta?

Over the past 30 days, rent prices in Atlanta have decreased by 0.18%. Despite this short-term decline, rents have increased by 2.15% over the past six months and 0.80% year-over-year, indicating a generally upward trend. Long-term data shows even more significant growth, with a 26.67% increase over four years and a 35.71% rise since 2020.

% Change (30 Day): -0.18% 📉
% Change (6 mo): 2.15% 📈
% Change (YoY): 0.80% 📈
% Change (4 yr): 26.67% 📈
% Change (Since `20): 35.71% 📈

What Are Spring 2024 Rent Trends in Austin?

Over the past 30 days, rent prices in Austin have decreased by 0.30%. While there has been a slight increase of 0.91% over the past six months, the year-over-year change shows a significant decline of 5.80%. However, long-term trends indicate growth, with rent prices increasing by 9.19% over four years and 17.79% since 2020.

% Change (30 Day): -0.30% 📉
% Change (6 mo): 0.91% 📈
% Change (YoY): -5.80% 📉
% Change (4 yr): 9.19% 📈
% Change (Since `20): 17.79% 📈

What Are Spring 2024 Rent Trends in Boise City?

Over the past 30 days, rent prices in Boise City have increased by 0.96%. The six-month trend shows a more substantial rise of 4.20%, and the year-over-year change also indicates growth at 0.66%. Long-term data highlights even more significant increases, with a 28.26% rise over four years and 36.60% since 2020.

% Change (30 Day): 0.96% 📈
% Change (6 mo): 4.20% 📈
% Change (YoY): 0.66% 📈
% Change (4 yr): 28.26% 📈
% Change (Since `20): 36.60% 📈

What Are Spring 2024 Rent Trends in Boston?

Over the past 30 days, rent prices in Boston have decreased by 1.34%. While there has been a significant increase of 9.30% over the past six months, the year-over-year change shows a sharp decline of 21.07%. Over the long term, rent prices have decreased by 1.34% over four years, but have increased by 7.70% since 2020.

% Change (30 Day): -1.34% 📉
% Change (6 mo): 9.30% 📈
% Change (YoY): -21.07% 📉
% Change (4 yr): -1.34% 📉
% Change (Since `20): 7.70% 📈

What Are Spring 2024 Rent Trends in Charleston?

Over the past 30 days, rent prices in Charleston have increased by 3.06%. The six-month trend shows a steady rise of 2.86%, and the year-over-year change also indicates growth at 2.39%. Long-term data highlights even more substantial increases, with an 18.65% rise over four years and 22.79% since 2020.

% Change (30 Day): 3.06% 📈
% Change (6 mo): 2.86% 📈
% Change (YoY): 2.39% 📈
% Change (4 yr): 18.65% 📈
% Change (Since `20): 22.79% 📈

What Are Spring 2024 Rent Trends in Charlotte?

Over the past 30 days, rent prices in Charlotte have increased by 1.34%. The six-month trend shows a notable rise of 5.88%, and the year-over-year change indicates growth at 4.05%. Long-term data highlights even more significant increases, with a 28.95% rise over four years and 40.35% since 2020.

% Change (30 Day): 1.34% 📈
% Change (6 mo): 5.88% 📈
% Change (YoY): 4.05% 📈
% Change (4 yr): 28.95% 📈
% Change (Since `20): 40.35% 📈

What Are Spring 2024 Rent Trends in Chicago?

Over the past 30 days, rent prices in Chicago have decreased by 1.49%. Despite this short-term decline, the six-month trend shows a notable rise of 7.16%, and the year-over-year change indicates growth at 3.57%. Long-term data reflects a steady increase, with a 3.69% rise over four years and 22.04% since 2020.

% Change (30 Day): -1.49% 📉
% Change (6 mo): 7.16% 📈
% Change (YoY): 3.57% 📈
% Change (4 yr): 3.69% 📈
% Change (Since `20): 22.04% 📈

What Are Spring 2024 Rent Trends in Cincinnati?

Over the past 30 days, rent prices in Cincinnati have increased by 2.70%. The six-month trend shows a significant rise of 5.46%, and the year-over-year change indicates growth at 4.53%. Long-term data highlights even more substantial increases, with a 30.34% rise over four years and 46.93% since 2020.

% Change (30 Day): 2.70% 📈
% Change (6 mo): 5.46% 📈
% Change (YoY): 4.53% 📈
% Change (4 yr): 30.34% 📈
% Change (Since `20): 46.93% 📈

What Are Spring 2024 Rent Trends in Cleveland?

Over the past 30 days, rent prices in Cleveland have increased by 0.89%. The six-month trend shows a rise of 3.56%, and the year-over-year change indicates significant growth at 7.88%. Long-term data highlights even more substantial increases, with a 31.48% rise over four years and 36.87% since 2020.

% Change (30 Day): 0.89% 📈
% Change (6 mo): 3.56% 📈
% Change (YoY): 7.88% 📈
% Change (4 yr): 31.48% 📈
% Change (Since `20): 36.87% 📈

What Are Spring 2024 Rent Trends in Columbus?

Over the past 30 days, rent prices in Columbus have increased by 0.23%. The six-month trend shows a notable rise of 5.12%, and the year-over-year change indicates growth at 3.69%. Long-term data highlights substantial increases, with a 25.66% rise over four years and 36.11% since 2020.

% Change (30 Day): 0.23% 📈
% Change (6 mo): 5.12% 📈
% Change (YoY): 3.69% 📈
% Change (4 yr): 25.66% 📈
% Change (Since `20): 36.11% 📈

What Are Spring 2024 Rent Trends in Dallas?

Over the past 30 days, rent prices in Dallas have increased by 0.39%. The six-month trend shows a rise of 2.28%, with a slight year-over-year increase of 0.08%. Long-term data highlights significant increases, with a 27.58% rise over four years and 32.65% since 2020.

% Change (30 Day): 0.39% 📈
% Change (6 mo): 2.28% 📈
% Change (YoY): 0.08% 📈
% Change (4 yr): 27.58% 📈
% Change (Since `20): 32.65% 📈

What Are Spring 2024 Rent Trends in Deltona?

Over the past 30 days, rent prices in Deltona have increased by 0.66%. The six-month trend shows a rise of 2.15%, although the year-over-year change indicates a slight decline of 0.72%. Long-term data highlights significant increases, with a 35.69% rise over four years and 39.39% since 2020.

% Change (30 Day): 0.66% 📈
% Change (6 mo): 2.15% 📈
% Change (YoY): -0.72% 📉
% Change (4 yr): 35.69% 📈
% Change (Since `20): 39.39% 📈

What Are Spring 2024 Rent Trends in Denver?

Over the past 30 days, rent prices in Denver have increased by 0.53%. The six-month trend shows a rise of 5.80%, with a year-over-year increase of 4.00%. Long-term data indicates increases of 21.37% over four years and 28.95% since 2020.

% Change (30 Day): 0.53% 📈
% Change (6 mo): 5.80% 📈
% Change (YoY): 4.00% 📈
% Change (4 yr): 21.37% 📈
% Change (Since `20): 28.95% 📈

What Are Spring 2024 Rent Trends in Detroit?

Over the past 30 days, rent prices in Detroit have increased by 1.33%. The six-month trend shows a rise of 2.70%, with a year-over-year increase of 3.48%. Long-term data indicates increases of 27.35% over four years and 36.90% since 2020.

% Change (30 Day): 1.33% 📈
% Change (6 mo): 2.70% 📈
% Change (YoY): 3.48% 📈
% Change (4 yr): 27.35% 📈
% Change (Since `20): 36.90% 📈

What Are Spring 2024 Rent Trends in Houston?

Over the past 30 days, rent prices in Houston have increased by 0.17%. The six-month trend shows a rise of 2.23%, with a year-over-year increase of 2.97%. Long-term data indicates increases of 19.64% over four years and 21.81% since 2020.

% Change (30 Day): 0.17% 📈
% Change (6 mo): 2.23% 📈
% Change (YoY): 2.97% 📈
% Change (4 yr): 19.64% 📈
% Change (Since `20): 21.81% 📈

What Are Spring 2024 Rent Trends in Indianapolis?

Over the past 30 days, rent prices in Indianapolis have increased by 0.74%. The six-month trend shows a rise of 7.43%, with a year-over-year increase of 5.34%. Long-term data indicates increases of 30.25% over four years and 42.76% since 2020.

% Change (30 Day): 0.74% 📈
% Change (6 mo): 7.43% 📈
% Change (YoY): 5.34% 📈
% Change (4 yr): 30.25% 📈
% Change (Since `20): 42.76% 📈

What Are Spring 2024 Rent Trends in Jacksonville?

Over the past 30 days, rent prices in Jacksonville have increased by 0.24%. The six-month trend shows a rise of 2.88%, with a year-over-year increase of 0.81%. Long-term data indicates increases of 28.87% over four years and 37.36% since 2020.

% Change (30 Day): 0.24% 📈
% Change (6 mo): 2.88% 📈
% Change (YoY): 0.81% 📈
% Change (4 yr): 28.87% 📈
% Change (Since `20): 37.36% 📈

What Are Spring 2024 Rent Trends in Lakeland?

Over the past 30 days, rent prices in Lakeland have decreased by 0.24%. The six-month trend shows a rise of 2.83%, although the year-over-year change indicates a decline of 2.68%. Long-term data indicates increases of 33.51% over four years and 35.71% since 2020.

% Change (30 Day): -0.24% 📉
% Change (6 mo): 2.83% 📈
% Change (YoY): -2.68% 📉
% Change (4 yr): 33.51% 📈
% Change (Since `20): 35.71% 📈

What Are Spring 2024 Rent Trends in Las Vegas?

Over the past 30 days, rent prices in Las Vegas have decreased by 0.08%. The six-month trend shows a rise of 4.88%, with a year-over-year increase of 2.63%. Long-term data indicates increases of 27.85% over four years and 32.99% since 2020.

% Change (30 Day): -0.08% 📉
% Change (6 mo): 4.88% 📈
% Change (YoY): 2.63% 📈
% Change (4 yr): 27.85% 📈
% Change (Since `20): 32.99% 📈

What Are Spring 2024 Rent Trends in Los Angeles?

Over the past 30 days, rent prices in Los Angeles have decreased by 0.47%. The six-month trend shows a rise of 1.07%, with a year-over-year increase of 0.07%. Long-term data indicates increases of 14.48% over four years and 21.03% since 2020.

% Change (30 Day): -0.47% 📉
% Change (6 mo): 1.07% 📈
% Change (YoY): 0.07% 📈
% Change (4 yr): 14.48% 📈
% Change (Since `20): 21.03% 📈

What Are Spring 2024 Rent Trends in Louisville?

Over the past 30 days, rent prices in Louisville have increased by 2.06%. The six-month trend shows a rise of 7.42%, with a year-over-year increase of 2.95%. Long-term data indicates increases of 23.01% over four years and 30.44% since 2020.

% Change (30 Day): 2.06% 📈
% Change (6 mo): 7.42% 📈
% Change (YoY): 2.95% 📈
% Change (4 yr): 23.01% 📈
% Change (Since `20): 30.44% 📈

What Are Spring 2024 Rent Trends in Madison?

Over the past 30 days, rent prices in Madison have decreased by 0.53%. The six-month trend shows a decline of 4.73%, though the year-over-year increase is 3.69%. Long-term data indicates increases of 36.91% over four years and 6.50% since 2020.

% Change (30 Day): -0.53% 📉
% Change (6 mo): -4.73% 📉
% Change (YoY): 3.69% 📈
% Change (4 yr): 36.91% 📈
% Change (Since `20): 6.50% 📈

What Are Spring 2024 Rent Trends in Memphis?

Over the past 30 days, rent prices in Memphis have increased by 0.66%. The six-month trend shows a rise of 6.69%, although the year-over-year change indicates a slight decline of 0.19%. Long-term data indicates increases of 32.34% over four years and 35.19% since 2020.

% Change (30 Day): 0.66% 📈
% Change (6 mo): 6.69% 📈
% Change (YoY): -0.19% 📉
% Change (4 yr): 32.34% 📈
% Change (Since `20): 35.19% 📈

What Are Spring 2024 Rent Trends in Miami?

Over the past 30 days, rent prices in Miami have increased by 1.17%. The six-month trend shows a rise of 1.51%, although the year-over-year change indicates a decline of 3.21%. Long-term data indicates increases of 30.89% over four years and 39.60% since 2020.

% Change (30 Day): 1.17% 📈
% Change (6 mo): 1.51% 📈
% Change (YoY): -3.21% 📉
% Change (4 yr): 30.89% 📈
% Change (Since `20): 39.60% 📈

What Are Spring 2024 Rent Trends in Milwaukee?

Over the past 30 days, rent prices in Milwaukee have increased by 2.43%. The six-month trend shows a rise of 4.10%, with a year-over-year increase of 6.65%. Long-term data indicates increases of 25.30% over four years and 24.72% since 2020.

% Change (30 Day): 2.43% 📈
% Change (6 mo): 4.10% 📈
% Change (YoY): 6.65% 📈
% Change (4 yr): 25.30% 📈
% Change (Since `20): 24.72% 📈

What Are Spring 2024 Rent Trends in Minneapolis?

Over the past 30 days, rent prices in Minneapolis have increased by 1.03%. The six-month trend shows a rise of 6.08%, with a year-over-year increase of 3.84%. Long-term data indicates increases of 16.29% over four years and 24.14% since 2020.

% Change (30 Day): 1.03% 📈
% Change (6 mo): 6.08% 📈
% Change (YoY): 3.84% 📈
% Change (4 yr): 16.29% 📈
% Change (Since `20): 24.14% 📈

What Are Spring 2024 Rent Trends in Nashville?

Over the past 30 days, rent prices in Nashville have increased by 0.51%. The six-month trend shows a rise of 3.36%, with a year-over-year increase of 2.97%. Long-term data indicates increases of 23.11% over four years and 39.90% since 2020.

% Change (30 Day): 0.51% 📈
% Change (6 mo): 3.36% 📈
% Change (YoY): 2.97% 📈
% Change (4 yr): 23.11% 📈
% Change (Since `20): 39.90% 📈

What Are Spring 2024 Rent Trends in New York?

Over the past 30 days, rent prices in New York have increased by 2.79%. The six-month trend shows a rise of 2.19%, although the year-over-year change indicates a decline of 19.41%. Long-term data shows a decrease of 4.76% over four years, but an increase of 4.77% since 2020.

% Change (30 Day): 2.79% 📈
% Change (6 mo): 2.19% 📈
% Change (YoY): -19.41% 📉
% Change (4 yr): -4.76% 📉
% Change (Since `20): 4.77% 📈

What Are Spring 2024 Rent Trends in North Port?

Over the past 30 days, rent prices in North Port have decreased by 0.35%. The six-month trend shows a rise of 2.25%, although the year-over-year change indicates a decline of 4.96%. Long-term data indicates increases of 41.48% over four years and 46.52% since 2020.

% Change (30 Day): -0.35% 📉
% Change (6 mo): 2.25% 📈
% Change (YoY): -4.96% 📉
% Change (4 yr): 41.48% 📈
% Change (Since `20): 46.52% 📈

What Are Spring 2024 Rent Trends in Oklahoma City?

Over the past 30 days, rent prices in Oklahoma City have increased by 0.94%. The six-month trend shows a rise of 4.19%, with a year-over-year increase of 3.78%. Long-term data indicates increases of 24.42% over four years and 30.49% since 2020.

% Change (30 Day): 0.94% 📈
% Change (6 mo): 4.19% 📈
% Change (YoY): 3.78% 📈
% Change (4 yr): 24.42% 📈
% Change (Since `20): 30.49% 📈

What Are Spring 2024 Rent Trends in Orlando?

Over the past 30 days, rent prices in Orlando have increased by 0.35%. The six-month trend shows a rise of 2.43%, with a year-over-year increase of 1.56%. Long-term data indicates increases of 34.11% over four years and 38.93% since 2020.

% Change (30 Day): 0.35% 📈
% Change (6 mo): 2.43% 📈
% Change (YoY): 1.56% 📈
% Change (4 yr): 34.11% 📈
% Change (Since `20): 38.93% 📈

What Are Spring 2024 Rent Trends in Philadelphia?

Over the past 30 days, rent prices in Philadelphia have increased by 0.33%. The six-month trend shows a rise of 4.58%, with a year-over-year increase of 4.58%. Long-term data indicates increases of 16.53% over four years and 24.39% since 2020.

% Change (30 Day): 0.33% 📈
% Change (6 mo): 4.58% 📈
% Change (YoY): 4.58% 📈
% Change (4 yr): 16.53% 📈
% Change (Since `20): 24.39% 📈

What Are Spring 2024 Rent Trends in Phoenix?

Over the past 30 days, rent prices in Phoenix have increased by 0.75%. The six-month trend shows a rise of 4.00%, although the year-over-year change indicates a decline of 1.46%. Long-term data indicates increases of 20.84% over four years and 33.76% since 2020.

% Change (30 Day): 0.75% 📈
% Change (6 mo): 4.00% 📈
% Change (YoY): -1.46% 📉
% Change (4 yr): 20.84% 📈
% Change (Since `20): 33.76% 📈

What Are Spring 2024 Rent Trends in Pittsburgh?

Over the past 30 days, rent prices in Pittsburgh have increased by 0.51%. The six-month trend shows a rise of 3.33%, with a year-over-year increase of 2.79%. Long-term data indicates increases of 16.96% over four years and 17.90% since 2020.

% Change (30 Day): 0.51% 📈
% Change (6 mo): 3.33% 📈
% Change (YoY): 2.79% 📈
% Change (4 yr): 16.96% 📈
% Change (Since `20): 17.90% 📈

What Are Spring 2024 Rent Trends in Portland?

Over the past 30 days, rent prices in Portland have increased by 2.91%. The six-month trend shows a rise of 6.73%, with a year-over-year increase of 3.35%. Long-term data indicates increases of 27.88% over four years and 40.25% since 2020.

% Change (30 Day): 2.91% 📈
% Change (6 mo): 6.73% 📈
% Change (YoY): 3.35% 📈
% Change (4 yr): 27.88% 📈
% Change (Since `20): 40.25% 📈

What Are Spring 2024 Rent Trends in Providence?

Over the past 30 days, rent prices in Providence have decreased by 1.72%. The six-month trend shows a rise of 13.38%, with a year-over-year increase of 6.01%. Long-term data indicates increases of 32.01% over four years and 54.93% since 2020.

% Change (30 Day): -1.72% 📉
% Change (6 mo): 13.38% 📈
% Change (YoY): 6.01% 📈
% Change (4 yr): 32.01% 📈
% Change (Since `20): 54.93% 📈

What Are Spring 2024 Rent Trends in Raleigh?

Over the past 30 days, rent prices in Raleigh have decreased by 0.62%. The six-month trend shows a rise of 1.81%, with a year-over-year increase of 0.45%. Long-term data indicates increases of 26.26% over four years and 32.35% since 2020.

% Change (30 Day): -0.62% 📉
% Change (6 mo): 1.81% 📈
% Change (YoY): 0.45% 📈
% Change (4 yr): 26.26% 📈
% Change (Since `20): 32.35% 📈

What Are Spring 2024 Rent Trends in Richmond?

Over the past 30 days, rent prices in Richmond have increased by 0.14%. The six-month trend shows a rise of 7.96%, with a year-over-year increase of 4.43%. Long-term data indicates increases of 27.17% over four years and 45.15% since 2020.

% Change (30 Day): 0.14% 📈
% Change (6 mo): 7.96% 📈
% Change (YoY): 4.43% 📈
% Change (4 yr): 27.17% 📈
% Change (Since `20): 45.15% 📈

What Are Spring 2024 Rent Trends in San Antonio?

Over the past 30 days, rent prices in San Antonio have increased by 0.63%. The six-month trend shows a rise of 1.93%, although the year-over-year change indicates a decline of 1.77%. Long-term data indicates increases of 17.96% over four years and 23.33% since 2020.

% Change (30 Day): 0.63% 📈
% Change (6 mo): 1.93% 📈
% Change (YoY): -1.77% 📉
% Change (4 yr): 17.96% 📈
% Change (Since `20): 23.33% 📈

What Are Spring 2024 Rent Trends in San Diego?

Over the past 30 days, rent prices in San Diego have increased by 0.03%. The six-month trend shows a rise of 1.27%, with a year-over-year increase of 3.22%. Long-term data indicates increases of 32.45% over four years and 34.57% since 2020.

% Change (30 Day): 0.03% 📈
% Change (6 mo): 1.27% 📈
% Change (YoY): 3.22% 📈
% Change (4 yr): 32.45% 📈
% Change (Since `20): 34.57% 📈

What Are Spring 2024 Rent Trends in San Francisco?

Over the past 30 days, rent prices in San Francisco have increased by 0.89%. The six-month trend shows a rise of 3.45%, with a year-over-year increase of 1.40%. Long-term data indicates a decrease of 0.60% over four years but an increase of 10.98% since 2020.

% Change (30 Day): 0.89% 📈
% Change (6 mo): 3.45% 📈
% Change (YoY): 1.40% 📈
% Change (4 yr): -0.60% 📉
% Change (Since `20): 10.98% 📈

What Are Spring 2024 Rent Trends in San Jose?

Over the past 30 days, rent prices in San Jose have increased by 2.87%. The six-month trend shows a rise of 5.27%, with a year-over-year increase of 1.16%. Long-term data indicates increases of 11.04% over four years and 13.19% since 2020.

% Change (30 Day): 2.87% 📈
% Change (6 mo): 5.27% 📈
% Change (YoY): 1.16% 📈
% Change (4 yr): 11.04% 📈
% Change (Since `20): 13.19% 📈

What Are Spring 2024 Rent Trends in Seattle?

Over the past 30 days, rent prices in Seattle have increased by 3.54%. The six-month trend shows a rise of 4.55%, with a year-over-year increase of 2.06%. Long-term data indicates increases of 19.58% over four years and 28.67% since 2020.

% Change (30 Day): 3.54% 📈
% Change (6 mo): 4.55% 📈
% Change (YoY): 2.06% 📈
% Change (4 yr): 19.58% 📈
% Change (Since `20): 28.67% 📈

What Are Spring 2024 Rent Trends in Tampa?

Over the past 30 days, rent prices in Tampa have increased by 0.07%. The six-month trend shows a rise of 1.76%, with a year-over-year increase of 0.67%. Long-term data indicates increases of 35.04% over four years and 45.92% since 2020.

% Change (30 Day): 0.07% 📈
% Change (6 mo): 1.76% 📈
% Change (YoY): 0.67% 📈
% Change (4 yr): 35.04% 📈
% Change (Since `20): 45.92% 📈

What Are Spring 2024 Rent Trends in the USA?

Over the past 30 days, rent prices in the USA have increased by 0.27%. The six-month trend shows a rise of 2.22%, although the year-over-year change indicates a decline of 0.74%. Long-term data indicates increases of 9.99% over four years and 28.93% since 2020.

% Change (30 Day): 0.27% 📈
% Change (6 mo): 2.22% 📈
% Change (YoY): -0.74% 📉
% Change (4 yr): 9.99% 📈
% Change (Since `20): 28.93% 📈

What Are Spring 2024 Rent Trends in Urban Honolulu?

Over the past 30 days, rent prices in Urban Honolulu have increased by 0.23%. The six-month trend shows a rise of 5.37%, with a year-over-year increase of 2.11%. Long-term data indicates increases of 6.10% over four years and 9.82% since 2020.

% Change (30 Day): 0.23% 📈
% Change (6 mo): 5.37% 📈
% Change (YoY): 2.11% 📈
% Change (4 yr): 6.10% 📈
% Change (Since `20): 9.82% 📈

What Are Spring 2024 Rent Trends in Washington, DC?

Over the past 30 days, rent prices in Washington, DC have increased by 0.86%. The six-month trend shows a rise of 2.98%, although the year-over-year change indicates a decline of 6.22%. Long-term data indicates increases of 3.58% over four years and 10.25% since 2020.