In the decade since the housing market bubble rocked the economy, the homeowners' market has felt the tides change.
While home prices across the country have risen, the market for renting has surged — in large part due to millennials, who have surpassed baby boomer generation as the largest generation in the American workforce.
In an increasingly digital world, the insurance industry has adapted. Companies like Lemonade have emerged and disrupted the insurance sector by offering renters, condo, co-op and homeowners' insurance through non-traditional means. Jetty, which launched in multiple states in April, has insurance specifically designed for city dwellers. The market for renters' insurance has opened the door for companies looking to insure the growing number of renters.
For those considering where to relocate next, factoring the cost of rent is an essential consideration. GOBankingRates, using data from Zillow on the year-over-year change in median rent, has determined the top 15 cities where rents have increased the most in 2017.
With this in mind, keep reading to see which cities renters may want to avoid:
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15. Delray Beach, Florida
- May 2016 rent: $1,240
- May 2017 rent: $1,445
- Year-over-year change: $205
Related: South Florida homeowners insured by Citizens Property face 10% increase
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14. East Orange, New Jersey
- May 2016 rent: $995
- May 2017 rent: $1,200
- Year-over-year change: $205
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13. El Cajon, California
- May 2016 rent: $1,150
- May 2017 rent: $1,357.50
- Year-over-year change: $207.50
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12. Tacoma, Washington
- May 2016 rent: $946
- May 2017 rent: $1,155
- Year-over-year change: $209
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11. Savannah, Georgia
- May 2016 rent: $905
- May 2017 rent: $1,119
- Year-over-year change: $214
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10. Chula Vista, California
- May 2016 rent: $1,440
- May 2017 rent: $1,659.50
- Year-over-year change: $219.50
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9. Newark, New Jersey
- May 2016 rent: $880
- May 2017 rent: $1,100
- Year-over-year change: $220
Related: Federal judge upholds insurance exclusion in child abuse civil case
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8. Foster City, California
- May 2016 rent: $2,741
- May 2017 rent: $2,968
- Year-over-year change: $227
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7. Phoenix, Arizona
- May 2016 rent: $850
- May 2017 rent: $1,084.50
- Year-over-year change: $234.50
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6. Euless, Texas
- May 2016 rent: $795
- May 2017 rent: $1,049
- Year-over-year change: $254
Related: Texas Workers' Comp informal rule addresses compounded drugs 
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5. Corona, California
- May 2016 rent: $1,238
- May 2017 rent: $1,511.50
- Year-over-year change: $273.50
Related: Allstate loses bid to overturn $14M insurance bad faith verdict 
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4. Columbia, Maryland
- May 2016 rent: $1,335
- May 2017 rent: $1,612
- Year-over-year change: $277
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3. Jersey City, New Jersey
- May 2016 rent: $1,950
- May 2017 rent: $2,235
- Year-over-year change: $285
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(Photo: Wikimedia Commons/John Phelan)
2. Medford, Massachusetts
- May 2016 rent: $1,600
- May 2017 rent: $2,005
- Year-over-year change: $405
Related: Massachusetts top court limits bad faith awards against insurers
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1. Marina del Rey, California
- May 2016 rent: $2,800
- May 2017 rent: $3,241.50
- Year-over-year change: $441.50
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