News & Trending Money News

10 States Where Rent Increased More Than 6% This Year (#1 Will Surprise You)

Some states may not be as welcoming as others when it comes to the cost of rent.

frustrated woman moving out of house
Updated Sept. 1, 2026
Fact check checkmark icon Fact checked
Google Logo Add Us On Google info

The good news? Rental prices are going down nationally. According to real estate website Rent., rental prices dropped for the first time in six months this past September, with the median cost of rent now at $2,011 a month. 

The bad news? Some states haven't seen a slowdown, with rental prices continuing to rise compared to a year earlier. And with some states increasing by double digits, renters may be forced to find ways to help pay rent as prices increase.

So where can you expect to pay a steep price? Here are the top 10 priciest states for rentals.

Set up direct deposit - pocket $400

Set up an eligible direct deposit with SoFi Checking and Savings and you could pocket a bonus of up to $400. Make the switch, set up direct deposit, earn the bonus. It basically takes no extra work at all other than following these steps. 

Why people are switching: This account earns up to an insane 4.00% APY1on savings for up to six months (3.10% APY standard + 0.90% APY boost) on top of that $50 or $400 bonus.2 That's way better than the measly 0.38% APY (as of 06/15/26)3 national average savings accounts offer. 

No monthly fees and no surprises. Open your account and earn up to a $400 bonus

10. Illinois

SeanPavonePhoto/Adobe A shot of Chicago, Illinois

Illinois rounded out the top 10 with a 6.85% increase year-over-year. According to Rent., residents can expect to pay a median price of $2,019 a month.

Surprisingly, Chicago saw rent drop nearly 2% since this time last year. However, that doesn't mean the rent is cheap: renters can expect to drop a median price of $2,389 a month. If you're thinking about living in the Windy City, consider a few ways to supplement your income to ensure you can afford it.


9. New Hampshire

Loud Canvas Media/Adobe downtown Rochester New Hampshire

New Hampshire is the only New England state in the top 10, coming in with a 7.38% increase in rent compared to this time a year earlier. If you rent here, expect to pay a median rental price of $1,987.

8. Wisconsin

Kovcs/Adobe Milwaukee Wisconsin USA Skyline

Wisconsin's median rent increased by 8.95% this month compared to the same time last year. Median rent is now $1,534 per month, with Milwaukee being slightly higher at $1,702 a month. 

7. Kansas

Reagan/Adobe Topeka Kansas Capital aerial

Rent also went up for Kansas residents 8.99%, with Rent. reporting a median monthly rent of $1,207. Compared to last months rent, though, prices only increased less than 1%. 

6. Minnesota

f11photo/Adobe Minneapolis downtown skyline in Minnesota USA

Minnesota residents also saw an increase in rental prices compared to last year, with the median price jumping to $1,599 a month.

If you're looking to save money renting in the state, you'll want to consider outside popular metro areas. In Minneapolis, for instance, renters can expect to pay more than other residents, with the median rent at $1,836.

5. North Dakota

Jacob/Adobe aerial view of a large Public University in Fargo North Dakota

North Dakota is a state that has seen one of the largest increases. Rent is now 9.58% higher than it was a year ago. Residents can expect to pay a median of $1,067 in rent, which although low compared to the national median, still puts the state in the top 10 for rent increases.

4. New York

TTstudio/Adobe A view of New York City

New York continues to see rent increase, with an 11.28% rise this year compared to last. The state has the fourth-highest rate increase in the country, with renters expecting to spend $2,762 a month.

3. South Dakota

Jacob/Adobe aerial view of Sioux Falls South Dakota at sunset

Rounding out the top three is South Dakota, where residents are experiencing a rent increase of 11.32% in year-over-year. But there may be some good news: prices declined 1.91% within the last month.

2. Iowa

soupstock/Adobe old capitol building downtown iowa city

Surprisingly, Iowa made the list as the state with the second-highest rent increase since this time last year. Prices jumped an astounding $12.13%, with renters paying a median rent of $1,158 a month. 

Earn $100 cash rewards bonus with this incredible card

The Wells Fargo Active Cash® Card (Rates and fees) has no annual fee and you can earn a $100 cash rewards bonus after spending $500 in purchases in the first 3 months.

Cardholders can also earn unlimited 2% cash rewards on purchases.

The best part? There's no annual fee.

Click here to apply now.

1. Mississippi

C5Media/Adobe Mississippi State Capitol Building

And the place where renters are facing the biggest increase in rent? Mississippi, where rent has increased an astounding 15.86% since this time last year. The median price for rent in the state now stands at $1,175.

And although it's lower than the national median rent, you still might want to reconsider the area if you're struggling to make your monthly payment.

Bottom line

fizkes/Adobe serious couple looking at laptop reading news

It can be tough to live in an area where rent prices are continuing to rise, and you wonder what to do if you're scraping by.

If you're considering moving to a state where housing is expensive, be sure to create a budget that takes the local cost of living into consideration. You may also want to consider a side hustle to make some extra cash to pay for rent. 

Up To 5% Cash Back

  • Intro APR on purchases and balance transfers
  • $0 annual fee
  • Apply Now
  • Get a 0% intro APR for 15 months on purchases and balance transfers; balance transfer fee applies. Then 17.49% to 26.49% Standard Variable Purchase APR applies, based on credit worthiness
  • INTRO OFFER: Unlimited Cashback Match for all new cardmembers. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300
  • Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases
  • Redeem cash back for any amount. No annual fee
  • Terms and conditions apply
Discover it® Cash Back
4.7
info

on Issuer's secure website

Read Card Review

Intro Offer

INTRO OFFER: Unlimited Cashback Match for all new cardmembers. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300

Annual Fee

$0

+

Why we like it


Financebuzz logo

Thanks for subscribing!

Please check your email to confirm your subscription.