ABODO Says July Rent Prices Remain Flat

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National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in July was $1,104 with two-bedroom units coming in at $1,346.  They point out that their numbers are for national median rents, and that some specific locales may reflect greater upward or downward trends.  Indeed…

“For now, we continue to feel that while high-end rent locations may be negatively impacted, the rest of the market will continue to be sluggish at best.”

ABODO uses over 1 million listings across the United States to calculate the median 1-bedroom rent price by city, state, and nation and then track the month-over-month percentage change. To avoid small sample sizes, they restrict their analysis to cities meeting minimum population and property count thresholds. Be sure to check out their extensive city list.

Click here to read the full report at Abodo.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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