Rent prices are climbing faster than asking prices, and the gain in rent prices is seen in metros where asking prices are actually falling, according to a report from Trulia.
Nationwide, year-over-year rent prices were up 5.1% in October, while asking prices were up 2.9% during the same period including foreclosures.
Out of the top 25 rental markets in the United States, Houston led with a 16.5% yearly increase. Miami and Oakland took the next two spots with a 10% gain in rent prices.