Which counties across the nation have experienced the greatest drop in monthly rent? That’s what the number-crunchers at Realtor.com recently set out to discover. Using data from last December, they looked at the median year-over-year prices of one-bedroom apartments, town-homes, condos, and rental homes in America’s 100 largest counties.
“Some of the major factors that attract renters to dense downtowns—proximity to work and restaurants and fun things to do—are not currently relevant,” says realtor.com Chief Economist Danielle Hale. “Without these strong lures, many renters are looking to save money and get some more space by moving to the suburbs.”