National apartment listing site ABODO recently reported that the median nationwide rent price decreased in July to $1,013 for a one-bedroom apartment. Glendale, AZ saw the largest drop with a 10.7% decrease in August over July’s one-bedroom rents, to $744. San Francisco continues to dominate the list with $3,210, followed by New York City, NY ($2,907), San Jose, CA ($2,445) and Boston, MA ($2,343). 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.
Click here to read the full report on ABODO.com.
