National apartment listing site ABODO recently reported that nationwide rent prices stayed steady over the past month with the current median 1-bedroom rent coming in at $1,003. New Orleans lead the list of the biggest increases, with a 9.1% climb. Philadelphia, PA topped the list of the biggest decreases with a -9.7% drop in their median one-bedroom rent. 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 on Abodo.com.
