Here we go again! The rollercoaster ride that is rent continues to climb up...and up...and up. It eventually has to come down, right?

Related: 4 Michigan Cities Ranked as the Best to Buy a Home in the Country

While rent prices, on average, have decreased by 2.09% since last year, some markets, including Midwest cities in Michigan, Ohio, and Indiana, have yet to feel any such relief. Many haven't seen a break since February of 2020.

The Great Rent Rate Hike of 2020 is Still Being Felt in Michigan, Ohio, and Indiana


Remember what rent was like before COVID? Well, take what folks are paying now, and add 20% OR MORE. That's right, a 20% plus increase in national median rent prices in just 3-years.

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According to the rent experts at, Columbus, Ohio led the Midwestern rate hikes with an 11.24% increase year over year. To put that in perspective, if your rent was $1,000 (a BARGAIN considering the average rent in Columbus is $1,732), your increase would be $112.40 more per month, or an additional $1,348.80 per year.

Michigan, Ohio, and Indiana Among Nations Hardest Hit By Rent Increases

loading...'s in-depth analysis sheds light on year-over-year and even month-to-month changes felt in various areas throughout the United States. Larger cities, like New York and Los Angeles, have seen hikes in rent as demand for housing continues to rise, but those ripple effects spread into smaller Midwest metros eventually.

Related: PRICE DROP! 13 Michigan Products and Services DEFLATING Inflation

The good news is, that despite some markets continuing to see prices go up, overall rent is decreasing nationwide. While we wait to feel the impact in Michigan, Ohio, and Indiana, we'll continue to tighten the belt straps and ride the rent rollercoaster.

25 Cities That Experienced the Nation's Highest Rent Hikes in '23

Rent prices have soared in recent years and according to the experts at, these 25 cities experienced the most significant increases in monthly prices in 2023.

Gallery Credit: Scott Clow

America's Top 100 Most Affordable Cities to Buy a Home, using information from Altos Research and the US Census Bureau, was able to calculate the United States of America's Best City to Buy Home.
Looking at everything from insurance rates, fuel costs, average mortgage payments, property taxes, and more, they assigned each city an Affordability Score and based on that, were able to determine which city is America's best to take the homeownership leap.

Gallery Credit: Scott Clow

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