The USA is millions of housing units short of meeting the needs of Americans at a reasonable price they can afford to pay.
This can put a lot of pressure on prices, but supply and demand dynamics may not look the same in each city—or each snapshot in time, for that matter.
SmartAsset ranked 100 of the largest U.S. cities based on the percentage change in average rent prices between February 2024 and February 2025 to determine where hopeful renters may be feeling priced out – and where opportunity abounds.
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