As the U.S. rental market teeters on the edge of a potential resurgence in rent hikes, some cities are offering renters a rare reprieve—affordable one-bedroom apartments that buck the national trend. According to a recent analysis by Business Insider, twelve major U.S. cities stand out in early 2025 for their declining rental prices and affordability, giving renters more breathing room in an otherwise tight market.
A Welcome Trend for Renters
Across the country, median rents for one-bedroom apartments sit at $1,525, and in many high-demand markets, they’re climbing. But in these 12 cities, the opposite is happening: prices are falling. Each of the following cities has seen a year-over-year rent decline of at least 1%, making them especially attractive for individuals and families looking to relocate or renegotiate leases in 2025.
The 12 Cities Where Rent is Falling:
1. Durham, North Carolina
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Median One-Bedroom Rent: $1,340
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Annual Change: -7.6%
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Durham tops the list with the steepest rent drop. Once considered a hot market, the city’s recent price corrections are giving renters more options without compromising quality of life.
2. Milwaukee, Wisconsin
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Median One-Bedroom Rent: $1,040
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Annual Change: -5.5%
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Milwaukee’s affordability, combined with its urban amenities and lakefront charm, makes it an appealing destination for budget-conscious renters.
3. Charlotte, North Carolina
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Median One-Bedroom Rent: $1,420
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Annual Change: -4.7%
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One of the South’s economic hubs, Charlotte continues to grow, but rental prices are correcting after rapid pandemic-era increases.
4. Baltimore, Maryland
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Median One-Bedroom Rent: $1,290
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Annual Change: -4.4%
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Close to Washington, D.C., and with plenty of charm and cultural history, Baltimore is becoming a more affordable option for East Coast renters.
5. Orlando, Florida
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Median One-Bedroom Rent: $1,490
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Annual Change: -3.9%
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Known for theme parks and sunshine, Orlando is offering a surprising break in rent prices compared to other Florida hotspots.
6. Boise, Idaho
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Median One-Bedroom Rent: $1,300
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Annual Change: -3.7%
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Once a magnet for remote workers, Boise’s overheated market is cooling, and renters can now enjoy more reasonable rates.
7. Austin, Texas
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Median One-Bedroom Rent: $1,450
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Annual Change: -3.3%
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Despite its reputation as a tech and music haven, Austin’s rent has dipped, making it more accessible for those who were priced out before.
8. Las Vegas, Nevada
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Median One-Bedroom Rent: $1,210
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Annual Change: -2.4%
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Beyond the Strip, Las Vegas offers diverse neighborhoods and, increasingly, attractive rental deals.
9. Knoxville, Tennessee
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Median One-Bedroom Rent: $1,290
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Annual Change: -2.3%
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A hidden gem for renters, Knoxville blends low living costs with scenic mountain access and a growing job market.
10. Irving, Texas
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Median One-Bedroom Rent: $1,270
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Annual Change: -1.6%
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Part of the Dallas-Fort Worth metroplex, Irving delivers urban convenience at more affordable rates.
11. Glendale, Arizona
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Median One-Bedroom Rent: $1,200
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Annual Change: -1.6%
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Near Phoenix, Glendale appeals to renters looking for a warm climate and lower-than-average rental costs.
Why Act Now?
While this trend is promising, experts caution that these lower rents may not last long. Many markets are stabilizing after pandemic-related disruptions, and demand remains high. As interest in these more affordable cities grows, rental prices could rebound. That means now may be the best time to make a move.
Final Thoughts
If you’re a renter looking for more value in 2025, these cities may be worth serious consideration. Whether you’re a remote worker seeking a fresh start or a local renter tired of paying too much, this list offers a range of possibilities—from vibrant city living to quiet, budget-friendly suburbs.