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24/7 Wall St.: 6 Cities Where Rents Are Skyrocketing

Where Rent Is High

Online real estate site Trulia has released rental data for the 100 largest housing markets in the country. The report reveals that while home prices have increased slightly in the past year, rent prices have increased more than 5 percent in the 12 months ending April 31, 2012.

In six of the 100 largest U.S. housing markets, asking rent has increased by 10 percent or more. 24/7 Wall St. examined these six cities, located all over the country, to determine why rents have increased so much there.

(AP Photo)

More From 24/7 Wall Street:
The States With The Most Homes In Foreclosure
The Ten Most And Least Affordable Cities To Buy A Home
Nine Countries Where Unemployment Does Not Exist

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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