National apartment listing site ABODO recently reported that nationwide rent prices slightly rose in June with the median price of $1,016 for a one-bedroom apartment. San Francisco continues to lead with $3,284, followed by New York City, NY ($2,823), San Jose, CA ($2,401) and Boston, MA ($2,344). 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.
“In our June report, we found that Philadelphia, Reno and Rochester experienced the biggest increases in rent price from the previous month. On the other side, Buffalo, St. Paul and Fresno experienced the biggest decreases in rent price from May to June…”
Click here to read the full report on ABODO.com.
