ABODO Says Americans Worried About Making Rent

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National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in April was $1,088 with two-bedroom units coming in at $1,354.   However they caution that Americans are worried about paying the rent during the ongoing Coronavirus pandemic.  Indeed…

“…as both landlords and tenants worry about how to integrate social distancing regulations into the apartment leasing landscape, there are a lot of things that need to become clear before the true effect of the pandemic on apartment prices becomes evident….Will most apartment dwellers just stay put? With regulations in force that tenants can make late rent payments without fear of eviction, will landlords merely be happy to collect any rent rather than attempt to push through increases?”

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 on ABODO.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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