ABODO Says Rents Up Slightly

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National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units increased slightly coming in at $1,013 (down 3.15% year-to-date).  However, two-bedroom units posted a large gain came in at $1,262, which is $32 higher than July’s number.  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 thr full report on ABODO.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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