Drawing from its apartment listing data from across the country, internet listing service Zumper has compared monthly rent rates in 400 cities for the week of March 15 with monthly rent rates for the week of June 15, in order to determine which markets have been hit hardest by “pandemic pricing.”
Out of the top U.S. cities—calculated based on the top 100 cities by population, plus 300 cities within major metropolitan areas—Laredo, Texas, experienced the steepest one-bedroom rent decline from March to June at -10.29%. Newark, N.J., was close behind at -10.20%, followed by San Jose, Calif., at -8.05%.
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