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The 10 places where rents are dropping fastest

Redfin put together a list of U.S. metropolitan areas where rents are actually falling

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A moving truck
A moving truck
Photo: Smith Collection/Gado (Getty Images)

The real estate listing service Redfin put together a list of U.S. metropolitan areas where rents are actually falling.

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Check out which ones saw rents go down the most on a year-over-year basis in April.

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10. Orlando, Florida

10. Orlando, Florida

An apartment building under construction in Orlando, Florida
An apartment building under construction in Orlando, Florida
Photo: Paul Hennessy/SOPA Images/LightRocket (Getty Images)

The median asking rent in the Orlando area is $1,811. On a month-to-month basis, rents were up 0.1% in April. On a year-over-year basis, rents were down 3.2%.

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9. Tampa, Florida

9. Tampa, Florida

An apartment building under construction in Tampa, Florida
An apartment building under construction in Tampa, Florida
Photo: Octavio Jones (Reuters)

The median asking rent in the Tampa area is $1,765. On a month-to-month basis, rents were down 1.9% in April. On a year-over-year basis, rents were down 4.3%.

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8. Charlotte, North Carolina

8. Charlotte, North Carolina

An apartment building under construction in Charlotte, North Carolina
An apartment building under construction in Charlotte, North Carolina
Photo: Logan Cyrus/Bloomberg (Getty Images)

The median asking rent in the Charlotte area is $1,499. On a month-to-month basis, rents were up 1.5% in April. A year-over-year basis, rents were down 4.5%.

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7. Phoenix, Arizona

7. Phoenix, Arizona

An apartment building under construction in Tempe, Arizona
An apartment building under construction in Tempe, Arizona
Photo: Rebecca Noble/Bloomberg (Getty Images)

The median asking rent in the Phoenix area is $1,545. On a month-to-month basis, rents were up 1.8% in April. On a year-over-year basis, rents were down 4.6%.

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6. San Diego, California

6. San Diego, California

An apartment building under construction in Chula Vista, California
An apartment building under construction in Chula Vista, California
Photo: Bing Guan/Bloomberg (Getty Images)

The median asking rent in the San Diego area is $2,909. On a month-to-month basis, rents were down 2.6% in April. On a year-over-year basis, rents were down 4.7%.

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5. Miami, Florida

5. Miami, Florida

A condo building under construction in Miami, Florida
A condo building under construction in Miami, Florida
Photo: Alie Skowronski/Miami Herald (Getty Images)

The median asking rent in the Miami area is $2,485. On a month-to-month basis, rents were up up 2.1% in April. On a year-over-year basis, rents were down 5%.

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4. Jacksonville, Florida

4. Jacksonville, Florida

An apartment building lawn in Jacksonville, Florida
An apartment building lawn in Jacksonville, Florida
Photo: Charlotte Kesl for The Washington Post (Getty Images)

The median asking rent in the Jacksonville area is $1,557. On a month-to-month basis, rents were up down 0.7% in April. On a year-over-year basis, rents were down 5.6%.

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3. Nashville, Tennessee

3. Nashville, Tennessee

An apartment building under construction in Nashville, Tennessee
An apartment building under construction in Nashville, Tennessee
Photo: Seth Herald/Anadolu Agency (Getty Images)

The median asking rent in Nashville area is $1,599. On a month-to-month basis, rents were up 1.4% in April. On a year-over-year basis, rents were down 5.9%.

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2. Austin, Texas

2. Austin, Texas

An apartment building under construction in Austin, Texas
An apartment building under construction in Austin, Texas
Photo: Brandon Bell (Getty Images)

The median asking rent in the Austin area is $1,564. On a month-to-month basis, rents were down 4.9% in April. On a year-over-year basis, rents were down 6.6%.

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1. Seattle, Washington

1. Seattle, Washington

An apartment building under construction in Seattle, Washington
An apartment building under construction in Seattle, Washington
Photo: Genna Martin/Bloomberg (Getty Images)

The median asking rent in the Seattle area is $2,072. On a month-to-month basis, rents were up 1.7% in April. On a year-over-year basis, rents were down 7.3%.

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