FORT WAYNE, Ind. (ADAMS) – Newark tops a list of American cities seeing the largest rent increases.
A study conducted by SmartAsset found that the average rent in New Jersey’s largest city rose by over eight percent to more than $2,200 between early 2024 and early 2025. That’s the largest annual increase across 100 of the largest cities ranked.
Rounding out the top ten are Cleveland, Ohio, Columbia, South Carolina, Fort Wayne, Indiana, Milwaukee, Wisconsin, St. Petersburg, Florida, Toledo, Ohio, Detroit, Michigan, Lexington, Kentucky and Rochester, New York.
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