ABODO: Rents Are Movin’ on Up!

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National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in June was $1,087 with two-bedroom units coming in at $1,354.  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.

“Both one and two-bedroom units are movin’ on up with two-bedroom units rising by over 2 percent in June. Let’s get into it and discuss this accelerating nationwide trend.”

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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