More than 80% of rental growth in Orlando

Construction cranes aren't the only things happening amid Orlando's boom.

In 2019, the Orlando residents spent US $ 4.6 billion on rentThis is an increase of 83.9% compared to what the city's tenants spent in 2010, according to Zillow. This puts Orlando ranks number 5 for the highest rent increase in the country this decade.

Overall, Austin, Raleigh and Denver had the highest rent increases in the 2010s, while Memphis, New Orleans and Virginia Beach had the lowest. No metro saw rent decreases during the decade, although seven saw rent drops last year. View the gallery with this story to see how much rents have increased in the 50 largest US metros.

Across the country, renters spent US $ 4.5 trillion in rent during the 2010s, with US $ 512 billion in rent in 2019. Although rent is up 2.3% from last year, rent increases have slowed in the last part of the decade, according to Zillow.

"While the total amount of rent paid has increased every year this decade, that trend is not immutable," said Zillow Group economist Joshua Clark. "With rental appreciation expected to slow next year and a homeowner rate rising in recent years, a small or even negative change in total rental spending could be in the cards in early 2020."

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