New York, California, and Washington, D.C. are the big five, with rents rising at the fastest pace since 2010.
The state of New York’s rent growth slowed last year to 3.6%, the lowest rate since the start of the Great Recession.
California’s is up to 4.6%.
Rent growth in California has slowed to 2.9% since January, the lowest pace since August 2010.
is at the second-highest rate at 4.7%.
Rent growth in D.P.R.T. states has slowed in the last year, to 2% from 4.3%.
New York and California are the only states in the top five to have rent growth in the low- to mid-30% range since the end of 2010.