See The 50 Cities Where Rent Is Rising And Falling The Most

See The 50 Cities Where Rent Is Rising And Falling The Most

The coronavirus pandemic forced millions of Americans to change the way they learn, work and live. Some realized they needed more space for home offices and classrooms, while others had to downsize to save money amid financial uncertainty. In fact, more than 15.9 million Americans moved during the pandemic. And as a result, rental prices have shifted across the country.A new study from AdvisorSmith identified the cities where rents rose and fell the most in 2020. Using Zillow data, the study analyzes rent prices for studios and 1-, 2-, 3- and 4-bedroom rental units in over 500 U.S. cities. It found that nationwide, rent increased just 0.5%. However, there was a wide range of rent changes across cities, from a decrease of -38.2% up to an increase of 14.2%.Curious where rents rose and fell the most during the pandemic? Check out the maps below, and find out why certain cities were impacted most.Cities Where Rent Increased MostDuring the pandemic, many professionals switched from working in offices to doing their jobs remotely. With no need to drive into any office anymore, many workers relocated from expensive metropolitan areas to more affordable neighborhoods. That could be why certain smaller cities saw a