Rent relief

Fort Worth boasts one of the biggest rent drops in the nation, report says

Fort Worth boasts one of the biggest rent drops in nation, report says

apartment house for rent sign
That Fort Worth apartment might not cost as much as it would have last year. ejs9/Getty Images

Fort Worth home prices are rising — fast — but local rents are a different story, as a new report lists Cowtown among the 10 cities with the most dramatic rent decreases. 

Apartment Guide compared two-bedroom apartment rent prices in the 100 largest U.S. cities to determine where rents are rising and falling the fastest. Fort Worth appears on the latter list at No. 8. with rents dropping 5.6 percent to an average of $1,376 last year.

While the report lauds Fort Worth as a popular place to call home, it doesn't explain what it calls a "surprising" decrease in rent.

"With a robust job market, easier commutes and a more laid-back 'real Texas' vibe, Fort Worth is becoming a popular choice for those moving to the DFW Metroplex as well as those moving within the area," the report says.

These lower prices should make Fort Worth even more attractive, as it's surrounded by cities that, by comparison, saw major rent hikes.

Plano ranks No. 1 on the list of biggest rent increases in the U.S. with prices skyrocketing 25.3 percent to an average of $1,824. The DFW suburb is home to many corporations, including Rent-A-Center, Dr Pepper, and Pizza Hut, but "the problem with Plano is that it's run out of room," the report says.

Apartment Guide reports that the average two-bedroom rent in the U.S. increased by 4 percent last year. Other nearby cities outpacing the national average are Arlington (up 6.7 percent) and Dallas (up 6.1 percent).

Fort Worth isn't the only Texas city to see a dramatic price drop. Houston lands at No. 3 on the decrease list, with rents falling 8.4 percent to $1,548.