A worker installs siding on an apartment building in a Minneapolis suburb in 2025. Minnesota had the second-highest average rent increase in the nation between 2024 and 2025, according to a recent analysis. (Photo by Max Nesterak/Minnesota Reformer)
Although high and rising rents often are associated with big coastal states such as New York or California, new data shows that states once considered more affordable are seeing major rent hikes.
A new analysis from Premier Timber Frame Builders – based on data from Zillow’s Observed Rent Index, which tracks prices for both apartment units and single-family rental homes nationwide — shows that average monthly rents are climbing in the Midwest and portions of the South…