Metros with the Biggest Rent Drops

Rank: 1 Salt Lake City Effective rent: $810.30
The apartment vacancy rate jumped to 6।8% in the fourth quarter last year from 3।1% in the same period in 2007. Landlords on average are giving 2.2-week rent concessions.=============
Rank: 2 Nassau-Suffolk (Long Island, N.Y.) Effective rent: $1,786.60
The apartment vacancy rate fell to 3.1% in the fourth quarter last year from 4.3% in the same period in 2007. Landlords on average are giving 1.3 weeks of rent concessions.=============
Rank: 3 Raleigh-Cary, N.C. Effective rent: $752.70
The apartment vacancy rate jumped to 6.8% in the fourth quarter last year from 5.3% in the same period in 2007. Landlords on average are giving 3.1-week rent concessions.=============
Rank: 4 New York-Wayne-White Plains, N.Y./N.J. Effective rent: $2,672.20
The apartment vacancy rate jumped to 4% in the fourth quarter last year from 3.4% in the same period in 2007. Landlords on average are giving rent concessions of 1.1 weeks.=============
Rank: 5 Seattle-Bellevue-Everett, Wash. Effective rent: $1,161.60
The apartment vacancy rate jumped to 6% in the fourth quarter last year from 5.1% in the same period in 2007. Landlords on average are giving rent concessions of 1.8 weeks.=============
Rank: 6 Portland-Vancouver-Beaverton, Ore./Wash. Effective rent: $850.40
The apartment vacancy rate jumped to 5.8% in the fourth quarter last year from 4.6% in the same period in 2007. Landlords on average are giving rent concessions of two weeks.=============
Rank: 7 San Jose-Sunnyvale-Santa Clara, Calif. Effective rent: $1,788
The apartment vacancy rate jumped to 4.2% in the fourth quarter last year from 3.5% in the same period in 2007. Landlords on average are giving rent concessions of one week.=============
Rank: 8 Charlotte-Gastonia-Concord, N.C. Effective rent: $736.40
The apartment vacancy rate jumped to 8.5% in the fourth quarter last year from 6.3% in the same period in 2007. Landlords on average are giving 3.1 weeks of rent concessions.=============
Rank: 9 Oakland-Fremont-Hayward, Calif. Effective rent: $1,515.40
The apartment vacancy rate jumped to 4.6% in the fourth quarter last year from 3.9% in the same period in 2007. Landlords on average are giving 1.4 weeks of rent concessions.=============
Rank: 10 Boston-Cambridge-Quincy, Mass. Effective rent: $1,634.20
The apartment vacancy rate jumped to 6.0% in the fourth quarter last year from 4.7% in the same period in 2007. Landlords on average are giving 1.3 weeks of rent concessions.