ABODO’s National 1-Bedroom Rents for April

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National apartment listing site ABODO recently reported that nationwide rent prices slightly rose in March with the median price of $1,005 for a one-bedroom apartment.  New Orleans continues lead the list of the biggest increases at 12%, followed by Glendale AZ with a 10.7% increase and then Seattle, WA at 7.2%.  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.

 

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Director of Education & Outreach, National Real Estate Investors Association