No. 23: Detroit-Livonia-Dearborn, Mich.

No. 23: Detroit-Livonia-Dearborn, Mich.

Average monthly rent: $672
Annual drop: -6.8%
Q4 2009 drop: -1.9%

Reflecting the problems of the U.S. auto industry, the unemployment rate in the Detroit area rose to 15.7% by December, according to the BLS. The rental market here was badly hit, with vacancies at 11.3%, and landlords leasing apartments for 13% less than the original asking price.