Here’s Who Is Beating Florida Cities In Apartment Rent Growth

College towns, energy industry towns, Midwest and Northeast cities dominated rent price increases last month while Sunbelt rent growth that soared during the pandemic succumbed further to a heavy spate of construction.

Twin Texas cities Midland and Odessa led the list of 20 smaller cities Dallas-area apartment software firm RealPage analyzed, posting rent growth of 13.8% last month from a year ago for new apartment leases. The oil drilling cities rival the double-digit rent growth Florida cities were showing in 2021 and into last year. Madison, Wisconsin, home to the University of Wisconsin’s main campus, followed Midland/Odessa with an 8.8% gain.