Midwestern and Northeastern markets have maintained positive rent growthAt the other end of the spectrum, the fastest rent growth has been occurring in metros across the Midwest and the Northeast. Most of the metros ranking high for rent growth over the past 6 and 12 months are located here. Providence leads the way for fastest year-over-year growth, highlighting how Rhode Island has become a popular destination, likely reflecting demand from renters who have been priced out of nearby Boston or possibly even New York City. That said, Boston, New York City, and Washington, D.C. all also rank among the top 10 for year-over-year growth, indicating that the major markets of the Northeast are drawing renters back.
