{"id":2459196,"date":"2023-03-07T13:26:42","date_gmt":"2023-03-07T18:26:42","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2459196"},"modified":"2023-03-07T13:26:42","modified_gmt":"2023-03-07T18:26:42","slug":"a-1-percent-rent-drop-is-no-pot-o-gold-but-hey-well-take-it","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/a-1-percent-rent-drop-is-no-pot-o-gold-but-hey-well-take-it\/","title":{"rendered":"A 1 Percent Rent Drop Is No Pot &#8216;O Gold &#8211; But Hey! We&#8217;ll Take It!"},"content":{"rendered":"<p><em>Dwellsy\u2019s February data drop reveals that rents have decreased by a small margin, which is especially good luck for beleaguered single-family home renters. <\/em><\/p>\n<p><strong> Los Altos, CA <\/strong>(March 2023)\u2014It\u2019s not exactly the pot of gold we might wish for as St. Patrick\u2019s Day approaches, but the latest data drop from <a href=\"https:\/\/dwellsy.com\/\" rel=\"nofollow\" target=\"_blank\">Dwellsy<\/a> reveals that <a href=\"https:\/\/www.valuewalk.com\/millionaire-renters-tripled-since-2015-an-analysis-of-high-incomers-who-rent-across-the-u-s\/\">renters <\/a><em>are <\/em>enjoying a wee bit of good fortune. For both apartments and single family homes, median asking rent dropped about 1 percent from January to February 2023.<\/p>\n\n\t<div id=\"MG-placeholder\">\n\t<style>.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important}\n\n\tform.ebook-styles .error,\n\tform.ebook-styles #error {\n\t\tcolor:#d00;\n\t}\n\tform.ebook-styles .formfields h1,\n\tform.ebook-styles .formfields #mg-logo,\n\tform.ebook-styles .formfields #mg-footer {\n\t\tdisplay: none;\n\t}\n\tform.ebook-styles .formfields {\n\t\tfont-size: 12px;\n\t}\n\tform.ebook-styles .formfields p {\n\t\tmargin: 4px 0;\n\t}\n\t<\/style>\n<div style=\"background:#eee;display:block;overflow:hidden;margin-bottom:24px;padding:40px;\">\n<div class=\"two-thirds first\">\n<p style=\"font-size:22px;margin:0 0 10px;\">Get The Full Ray Dalio Series in PDF<\/p>\n\t<p style=\"line-height:1.4;margin-bottom:0;\">Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues<\/p>\n\t<form action=\"https:\/\/valuewalk.us4.list-manage.com\/subscribe\/post?u=c3eb7a1d092fc854772c834e0&amp;id=f6f5bdb8b5\" method=\"post\" id=\"mc-embedded-subscribe-form\" name=\"mc-embedded-subscribe-form\" class=\"validate\" target=\"_blank\" novalidate>\n <div id=\"mc_embed_signup_scroll\">\n \n\t\t\t\t<div class=\"af-element mc-field-group \">\n\t\t\t\t\t<div class=\"af-textWrap c1\"><input type=\"email\" value=\"\" placeholder='Email Address' name=\"EMAIL\" class=\"required af-element email\" id=\"mce-EMAIL\"><\/div>\n\t\t\t\t\t<div class=\"af-clear\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"af-element buttonContainer\">\n\t\t\t\t\t<input type=\"submit\" value=\"Subscribe\" name=\"subscribe\" id=\"mc-embedded-subscribe\" class=\"button\">\n\t\t\t\t<\/div>\n \n \n\t<div id=\"mce-responses\" class=\"clear\">\n\t\t<div class=\"response\" id=\"mce-error-response\" style=\"display:none\"><\/div>\n\t\t<div class=\"response\" id=\"mce-success-response\" style=\"display:none\"><\/div>\n\t<\/div>    <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups-->\n    <div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input type=\"text\" name=\"b_c3eb7a1d092fc854772c834e0_f6f5bdb8b5\" tabindex=\"-1\" value=\"\"><\/div>\n    \n    <\/div>\n\t<\/form>\n\t<script type='text\/javascript' src='\/\/s3.amazonaws.com\/downloads.mailchimp.com\/js\/mc-validate.js'><\/script><script type='text\/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true);<\/script>\n<\/div>\n<div class=\"one-third\">\n<img decoding=\"async\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/10\/Ray-Dalio-1.jpg\" alt=\"Ray Dalio eBook\" style=\"width:100%; height:auto\">\n<\/div><\/div><\/div><!-- End Mailigen Signup Form -->\n<p style=\"text-align: center;\"><a href=\"https:\/\/valuewalkpremium.com\/q4-2022-hedge-fund-letters-database-now-live\/\" target=\"_blank\"><em><strong>Q4 2022 hedge fund letters, conferences and more<\/strong><\/em><\/a><\/p>\n<div class=\"ca-widget\" data-token=\"k8f5c9ac62a4\">&nbsp;<\/div>\n<p><script async=\"\" defer=\"\" src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script><\/p>\n<p>\u201cApartment-dwellers, for whom rent has stayed relatively flat over the past few years, may not feel that they\u2019ve been <em>that <\/em>lucky,\u201d says Jonas Bordo, CEO and cofounder of Dwellsy. \u201cBut folks who live in single-family home rentals (SFRs) are probably thrilled. After January, rent rose an unexpected 7.4 percent, so any decrease, no matter how small, is bound to be a relief.\u201d<\/p>\n<p>Bordo says it\u2019s important to look at across-the-board nationwide trends, but he also emphasizes the need to slice out different data sets that reveal what\u2019s going on in certain cities and with certain property types. Renters, landlords, cities, and organizations connected to the <a href=\"https:\/\/www.valuewalk.com\/what-investors-need-to-know-about-the-rental-market-in-2023\/\">rental industry<\/a> all need this information to make informed decisions, plan for the future, and respond to marketplace needs.<\/p>\n<p>That\u2019s why Dwellsy, the largest home rental listing platform in the country, regularly mines its 13+ million residential rental listings for statistics and data. Because Dwellsy allows landlords to post listings free of charge, it has a pool of data that\u2019s more diverse\u2014and more representative of the true rental landscape\u2014than that of pay-to-play listing services.<\/p>\n<p>Each month, Dwellsy breaks down this data so renters and landlords can see up-to-date trends in rental housing and current affordability in over 250 U.S. markets. For a more detailed look at Dwellsy\u2019s rent price analysis methodology, see this <a href=\"https:\/\/dwellsy.com\/blog\/rent-analysis-methodology\/\" rel=\"nofollow\" target=\"_blank\">article<\/a>.<\/p>\n<h2>February Shows Month-Over-Month Drop, But Year-Over Year Increase for Apartment and SFR Rents<\/h2>\n<p>Bordo focuses on one-bedroom apartments because they are similar to two-bedroom apartments in terms of inventory, but are more price-accessible. Three-bedroom homes are also featured because they are by far the most common rental home type.<\/p>\n<p>\u201cWhile asking rent for three-bedroom SFRs decreased $23, or 1.2 percent, between January and February, it rose $108, or 6.3 percent, between February 2022 and February 2023,\u201d says Bordo. \u201cIn fact, for the past two years, SFR rent has accounted for the bulk of <a href=\"https:\/\/www.valuewalk.com\/eggs-arent-the-only-thing-getting-more-expensive-wait-till-you-see-the-rent-in-these-20-cities\/\">rent increases<\/a> in the U.S.\u201d<\/p>\n<p>On the other hand, asking rent for one-bedroom apartments rose just $10, or 0.8 percent, between February 2022 and 2023. It dropped $13, or 1 percent, between January and February.<\/p>\n<p>\u201cPrice fluctuations in the $10 to $20 range aren\u2019t drastic; still, if you can lock in a lease that saves you $13 per month, you\u2019ll have saved $156 over the course of a year,\u201d Bordo points out.<\/p>\n<table width=\"0\">\n<tbody>\n<tr>\n<td width=\"208\">&nbsp;<\/td>\n<td colspan=\"2\" width=\"416\">Median Asking Rent by Property Type<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Month<\/td>\n<td width=\"208\">One-Bedroom Apartments<\/td>\n<td width=\"208\">Three-Bedroom Houses<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Feb-23<\/td>\n<td width=\"208\">$ 1,282<\/td>\n<td width=\"208\">$ 1,825<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Jan-23<\/td>\n<td width=\"208\">$ 1,295<\/td>\n<td width=\"208\">$ 1,848<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Dec-22<\/td>\n<td width=\"208\">$ 1,310<\/td>\n<td width=\"208\">$ 1,720<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Nov-22<\/td>\n<td width=\"208\">$ 1,310<\/td>\n<td width=\"208\">$ 1,750<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Oct-22<\/td>\n<td width=\"208\">$ 1,300<\/td>\n<td width=\"208\">$ 1,795<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Sep-22<\/td>\n<td width=\"208\">$ 1,310<\/td>\n<td width=\"208\">$ 1,795<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Aug-22<\/td>\n<td width=\"208\">$ 1,325<\/td>\n<td width=\"208\">$ 1,795<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Jul-22<\/td>\n<td width=\"208\">$ 1,325<\/td>\n<td width=\"208\">$ 1,800<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Jun-22<\/td>\n<td width=\"208\">$ 1,321<\/td>\n<td width=\"208\">$ 1,800<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">May-22<\/td>\n<td width=\"208\">$ 1,310<\/td>\n<td width=\"208\">$ 1,795<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Apr-22<\/td>\n<td width=\"208\">$ 1,300<\/td>\n<td width=\"208\">$ 1,768<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Mar-22<\/td>\n<td width=\"208\">$ 1,276<\/td>\n<td width=\"208\">$ 1,742<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">Feb-22<\/td>\n<td width=\"208\">$ 1,272<\/td>\n<td width=\"208\">$ 1,717<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u201cSeeing how rental prices have changed over the last two years can be helpful in putting February\u2019s data into a broader context,\u201d Bordo comments. \u201cAs the graph below shows, asking rent for single-family homes has increased by a whopping 20.3 percent. Rent for one-bedroom apartments has actually decreased by 2.5 percent over the same time period.\u201ddsadas<\/p>\n<h2>Top Ten Most Expensive Big Cities for Three-Bedroom Single-Family Home Rentals<\/h2>\n<p>As it has for the past few months, California once again claimed half of the most expensive cities for three-bedroom SFRs. Four of those cities\u2014Los Angeles, San Jose, San Francisco, and San Diego\u2014are in the top four spots, so if you\u2019ve been hoping for an inexpensive pad on the Golden Coast, you might want to re-evaluate your budget.<\/p>\n<p>\u201cBoston stands out on this list because rent there decreased 2.5 percent since February 2022,\u201d points out Bordo. \u201cStill, when your city is the seventh most expensive in the nation, that decrease might be of limited attractiveness to new renters.\u201d<\/p>\n<p>This table shows which large cities had the most expensive February 2023 asking rent for three-bedroom single-family homes.<\/p>\n<table width=\"0\">\n<tbody>\n<tr>\n<td width=\"85\">Rank<\/td>\n<td width=\"216\">Metropolitan Statistical Area<\/td>\n<td width=\"158\">Median Three-Bedroom Single-Family Home Asking Rent, February 2023<\/td>\n<td width=\"160\">Change Since February 2022<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">1<\/td>\n<td width=\"216\">Los Angeles, CA<\/td>\n<td width=\"158\">$ 4,000<\/td>\n<td width=\"160\">+ 2.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">2<\/td>\n<td width=\"216\">San Jose, CA<\/td>\n<td width=\"158\">$ 3,895<\/td>\n<td width=\"160\">+ 5.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">3<\/td>\n<td width=\"216\">San Francisco, CA<\/td>\n<td width=\"158\">$ 3,650<\/td>\n<td width=\"160\">+ 1.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">4<\/td>\n<td width=\"216\">San Diego, CA<\/td>\n<td width=\"158\">$ 3,585<\/td>\n<td width=\"160\">+ 7.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">5<\/td>\n<td width=\"216\">Miami, FL<\/td>\n<td width=\"158\">$ 3,400<\/td>\n<td width=\"160\">+ 6.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">6<\/td>\n<td width=\"216\">Honolulu, HI<\/td>\n<td width=\"158\">$ 3,250<\/td>\n<td width=\"160\">+ 4.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">7<\/td>\n<td width=\"216\">Boston, MA<\/td>\n<td width=\"158\">$ 2,925<\/td>\n<td width=\"160\">- 2.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">8<\/td>\n<td width=\"216\">New York, NY<\/td>\n<td width=\"158\">$ 2,800<\/td>\n<td width=\"160\">+ 5.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">9<\/td>\n<td width=\"216\">Riverside-San Bernardino, CA<\/td>\n<td width=\"158\">$ 2,795<\/td>\n<td width=\"160\">+ 3.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">10<\/td>\n<td width=\"216\">Seattle, WA<\/td>\n<td width=\"158\">$ 2,673<\/td>\n<td width=\"160\">+ 2.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Most Expensive Small Cities for Three-Bedroom Single-Family Home Rentals<\/h2>\n<p>Once again, California is disproportionately represented, with six of these ten cities located in the Golden State. The Santa Barbara-Santa Maria-Goleta metro area, which took fourth place, saw the highest rent growth with prices up 21.8 percent in the past year.<\/p>\n<p>\u201cFunnily enough, first-place Naples-Marco Island, Florida, actually saw rent prices <em>fall <\/em>16.3 percent since February 2022,\u201d says Bordo. \u201cBut since it\u2019s still first place on this list by a margin of $140 dollars, that might be cold comfort to renters in this particular area of the Sunshine State.\u201d<\/p>\n<p>This table shows which small cities had the most expensive February 2023 asking rent for three-bedroom single-family homes.<\/p>\n<table width=\"0\">\n<tbody>\n<tr>\n<td width=\"85\">Rank<\/td>\n<td width=\"216\">Metropolitan Statistical Area<\/td>\n<td width=\"158\">Median Three-Bedroom Single Family Home February 2023 Asking Rent<\/td>\n<td width=\"160\">Change Since February 2022<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">1<\/td>\n<td width=\"216\">Naples-Marco Island, FL<\/td>\n<td width=\"158\">$ 3,725<\/td>\n<td width=\"160\">- 16.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">2<\/td>\n<td width=\"216\">Salinas, CA<\/td>\n<td width=\"158\">$ 3,585<\/td>\n<td width=\"160\">+ 3.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">3<\/td>\n<td width=\"216\">Oxnard-Thousand Oaks-Ventura, CA<\/td>\n<td width=\"158\">$ 3,400<\/td>\n<td width=\"160\">+ 0.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">4<\/td>\n<td width=\"216\">Santa Barbara-Santa Maria-Goleta, CA<\/td>\n<td width=\"158\">$ 3,350<\/td>\n<td width=\"160\">+ 21.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">5<\/td>\n<td width=\"216\">San Luis Obispo-Paso Robles, CA<\/td>\n<td width=\"158\">$ 3,250<\/td>\n<td width=\"160\">+ 1.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">6<\/td>\n<td width=\"216\">Santa Rosa-Petaluma, CA<\/td>\n<td width=\"158\">$ 3,200<\/td>\n<td width=\"160\">+ 6.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">7<\/td>\n<td width=\"216\">Boulder, CO<\/td>\n<td width=\"158\">$ 2,750<\/td>\n<td width=\"160\">+ 8.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">8<\/td>\n<td width=\"216\">Vallejo-Fairfield, CA<\/td>\n<td width=\"158\">$ 2,750<\/td>\n<td width=\"160\">- 1.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">9<\/td>\n<td width=\"216\">Bozeman, MT<\/td>\n<td width=\"158\">$ 2,700<\/td>\n<td width=\"160\">+ 1.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">10<\/td>\n<td width=\"216\">North Port-Bradenton-Sarasota, FL<\/td>\n<td width=\"158\">$ 2,603<\/td>\n<td width=\"160\">+ 4.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Top Ten Most Expensive Large Cities for One-Bedroom Apartment Rentals<\/h2>\n<p>While asking rent for one-bedroom apartments hasn\u2019t fluctuated as dramatically as SFR rents, that doesn\u2019t mean it\u2019s less expensive\u2014especially in some major markets.<\/p>\n<p>\u201cLeading this group is New York City, which saw both the highest overall rent level for this type of apartment <em>and <\/em>the highest year-over-year rent increase: 12.8 percent,\u201d says Bordo. \u201cMeanwhile, Washington, DC, and Los Angeles have seen less than 1 percent of rent growth, and San Diego actually experienced a 5.6 percent decrease.\u201d<\/p>\n<p>This table shows which large cities had the most expensive February 2023 asking rent for one-bedroom apartments.<\/p>\n<table width=\"0\">\n<tbody>\n<tr>\n<td width=\"85\">Rank<\/td>\n<td width=\"216\">Metropolitan Statistical Area<\/td>\n<td width=\"158\">Median One-Bedroom Apartment Asking Rent,<br \/>\nFebruary 2023<\/td>\n<td width=\"160\">Change Since February 2022<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">1<\/td>\n<td width=\"216\">New York, NY<\/td>\n<td width=\"158\">$ 3,168<\/td>\n<td width=\"160\">+ 12.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">2<\/td>\n<td width=\"216\">San Francisco, CA<\/td>\n<td width=\"158\">$ 2,495<\/td>\n<td width=\"160\">+ 4.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">3<\/td>\n<td width=\"216\">Boston, MA<\/td>\n<td width=\"158\">$ 2,448<\/td>\n<td width=\"160\">+ 2.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">4<\/td>\n<td width=\"216\">San Jose, CA<\/td>\n<td width=\"158\">$ 2,380<\/td>\n<td width=\"160\">+ 7.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">5<\/td>\n<td width=\"216\">Washington, DC<\/td>\n<td width=\"158\">$ 2,053<\/td>\n<td width=\"160\">+ 0.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">6<\/td>\n<td width=\"216\">Los Angeles, CA<\/td>\n<td width=\"158\">$ 2,013<\/td>\n<td width=\"160\">+ 0.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">7<\/td>\n<td width=\"216\">San Diego, CA<\/td>\n<td width=\"158\">$ 1,958<\/td>\n<td width=\"160\">- 5.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">8<\/td>\n<td width=\"216\">Riverside-San Bernardino, CA<\/td>\n<td width=\"158\">$ 1,795<\/td>\n<td width=\"160\">+ 1.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">9<\/td>\n<td width=\"216\">Honolulu, HI<\/td>\n<td width=\"158\">$ 1,750<\/td>\n<td width=\"160\">+ 6.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">10<\/td>\n<td width=\"216\">Seattle, WA<\/td>\n<td width=\"158\">$ 1,745<\/td>\n<td width=\"160\">+ 3.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"ca-widget\" data-token=\"s90dd0cac657\">&nbsp;<\/div>\n<p><script async=\"\" defer=\"\" src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script><\/p>\n<h2>Top Ten Most Expensive Small Cities for One-Bedroom Apartment Rentals<\/h2>\n<p>If you assume that smaller cities have smaller rents for one-bedroom apartments, you\u2019d be incorrect\u2014at least for these ten cities. While none of them are at NYC levels, rent in all of them exceeds $1,700 a month.<\/p>\n<p>\u201cThe Santa Barbara-Santa Maria-Goleta metro area tops this list, with a one-bedroom apartment coming in at $2,186 per month,\u201d says Bordo. \u201cBut second-place Ithaca, New York, is perhaps the most eye-popping market on this list. Rent for one-bedroom apartments there has risen 52.6 percent since February 2022.\u201d<\/p>\n<p>This table shows which <a href=\"https:\/\/www.valuewalk.com\/new-data-reveals-the-most-expensive-cities-for-renters-and-a-little-bit-of-good-news\/\">small cities<\/a> had the most expensive February 2023 asking rent for one-bedroom apartments.<\/p>\n<table width=\"0\">\n<tbody>\n<tr>\n<td width=\"85\">Rank<\/td>\n<td width=\"216\">Metropolitan Statistical Area<\/td>\n<td width=\"158\">Median One-Bedroom Apartment February 2023 Asking Rent<\/td>\n<td width=\"160\">Change Since February 2022<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">1<\/td>\n<td width=\"216\">Santa Barbara-Santa Maria- Goleta, CA<\/td>\n<td width=\"158\">$ 2,186<\/td>\n<td width=\"160\">+ 1.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">2<\/td>\n<td width=\"216\">Ithaca, NY<\/td>\n<td width=\"158\">$ 2,003<\/td>\n<td width=\"160\">+ 52.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">3<\/td>\n<td width=\"216\">Bridgeport-Stamford-Norwalk, CT<\/td>\n<td width=\"158\">$ 1,889<\/td>\n<td width=\"160\">+ 11.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">4<\/td>\n<td width=\"216\">Salinas, CA<\/td>\n<td width=\"158\">$ 1,873<\/td>\n<td width=\"160\">+ 8.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">5<\/td>\n<td width=\"216\">Oxnard-Thousand Oaks-Ventura, CA<\/td>\n<td width=\"158\">$ 1,850<\/td>\n<td width=\"160\">+ 6.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">6<\/td>\n<td width=\"216\">Vallejo-Fairfield, CA<\/td>\n<td width=\"158\">$ 1,825<\/td>\n<td width=\"160\">- 1.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">7<\/td>\n<td width=\"216\">Poughkeepsie-Newburgh- Middletown, NY<\/td>\n<td width=\"158\">$ 1,800<\/td>\n<td width=\"160\">+ 28.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">8<\/td>\n<td width=\"216\">Burlington-South Burlington, VT<\/td>\n<td width=\"158\">$ 1,775<\/td>\n<td width=\"160\">+ 31.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">9<\/td>\n<td width=\"216\">Santa Rosa-Petaluma, CA<\/td>\n<td width=\"158\">$ 1,750<\/td>\n<td width=\"160\">+ 9.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"85\">10<\/td>\n<td width=\"216\">Bozeman, MT<\/td>\n<td width=\"158\">$ 1,700<\/td>\n<td width=\"160\">+ 0.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n ","protected":false},"excerpt":{"rendered":"<p>Dwellsy\u2019s February data drop reveals that rents have decreased by a small margin, which is especially good luck for beleaguered &#8230; <a title=\"A 1 Percent Rent Drop Is No Pot &#8216;O Gold &#8211; But Hey! We&#8217;ll Take It!\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/a-1-percent-rent-drop-is-no-pot-o-gold-but-hey-well-take-it\/\" aria-label=\"More on A 1 Percent Rent Drop Is No Pot &#8216;O Gold &#8211; But Hey! We&#8217;ll Take It!\">Read more<\/a><\/p>\n","protected":false},"author":2476,"featured_media":2454308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2689],"tags":[660005,2206,659110],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2459196"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/2476"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2459196"}],"version-history":[{"count":0,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2459196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2454308"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2459196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2459196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2459196"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2459196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}