NEW HAVEN: According to the monthly reports by Apartmentlist.com, rents in New Haven have declined 0.8% over the past month, while still being up 5.2% year-over-year.
As rents have increased during the past year in New Haven, a few comparable cities nationwide have seen rents grow more modestly, or in some cases, even decline. New Haven is still more affordable than most similar cities across the country. New Haven's median two-bedroom rent of $1,330 is above the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
By comparison, while New Haven's rents rose over the past year, the city of Miami saw a decrease of 0.8%, San Francisco, however, has a median 2BR rent of $3,060, which is more than twice the price in New Haven.