ABODO’s National Rent Report for December

National apartment listing site ABODO recently reported that the median nationwide rent price increased slightly for December to $1,040 for a one-bedroom apartment, which is a 2.4% increase since the beginning of the year. The top three cities with the largest rent increases were: Newark, NJ (12.9%), Corpus Christi, TX (9.8%) and St. Paul, MN (7.4%).  The biggest decreases going into December were Columbus, OH (-8.3%), Madison, WI (-4%), and Santa Ana, CA (-3.7%).  San Francisco still tops their list at $3,253 for a 1-bedroom and $4,239 for a 2-bedroom apartment.  Indiana’s Ft. Wayne is at the bottom with $466 for a 1-bedroom and $566 for a 2-bedroom apartment.  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.