ABODO: Rent Divergence Continues as One-Bedroom Units Decrease Again

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National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in August was $1,075 with two-bedroom units coming in at $1,360.  They say the trend they identified in July (where decliners were moving more sharply downward than gainers) has become less pronounced in both one and two-bedrooms.  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