National apartment listing site ABODO recently reported that the median nationwide rent price increased in November to $1,032 for a one-bedroom apartment – a 1.37% increase since the beginning of the year. The top three cities with the largest rent increases were: Cleveland, OH (6.5%); Indianapolis, IN (5.4%); and Denver, CO (4.4%). Decreases going into October were: Norfolk, VA (-6%), Columbus, OH (-5.9%) and Newark, NJ (-4.4%). 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 ABPDO.com.
